Friedman Vs Drucker Analysis
Friedman Versus Drucker
According to Peter Drucker’s, what is "business ethics"? Published in The Public Interest, he noted and addressed the moralist by stating. “To the moralist of the Western tradition "business ethics" would make no sense. Indeed, the very term would to him be most objectionable, and reeking of moral laxity. The authorities on ethics disagreed, of course, on what constitutes the grounds of morality--whether they are divine, human nature, or the needs of society”(Drucker, 1981 Spring). While, Milton Friedman’s article the social responsibility of business to increase its profits approach is the following. “Presumably the individuals who are to be responsible are the businessperson, which means individual proprietors …show more content…
Therefore, the majorities concern are how would the executive know how to best utilize their resources and who says that they can have the final choice, what happens to the interest of the consumer if the decision go unchecked and morality of the decision comes in question? Where are the checks and balances for the organization and its proprietors? Again, look at the Enron tragedy where people lost jobs and lifetime investments over night. Here you see Drucker’s views about the so-called “Ethical chic,” as seen in the case of the peasant versus the prince and sexual misconduct. This is just not right, as viewed by some to be fornication for the peasant, while in the case of the prince it is seen as romance; this is simply a situation of who is doing who depending on whom you are within the community! Unfortunately, this should not be the case, as identified by the Confucian philosopher in the case of “ethics of organization” both durable and effective; and the following …show more content…
Webster states that “Social responsibility” is a doctrine that claims that an entity whether it is state, government, corporation, organization or individual has a responsibility to society. This responsibility can be "negative," in that it is a responsibility to refrain from acting, or it can by "positive," meaning a responsibility to act (“Webster’s online dictionary“, 2010). While Business Ethics is defined as a form of applied ethics that examines ethical principles and moral or ethical problems that arise in a business environment (“Webster’s online dictionary“,
According to Peter Drucker’s, what is "business ethics"? Published in The Public Interest, he noted and addressed the moralist by stating. “To the moralist of the Western tradition "business ethics" would make no sense. Indeed, the very term would to him be most objectionable, and reeking of moral laxity. The authorities on ethics disagreed, of course, on what constitutes the grounds of morality--whether they are divine, human nature, or the needs of society”(Drucker, 1981 Spring). While, Milton Friedman’s article the social responsibility of business to increase its profits approach is the following. “Presumably the individuals who are to be responsible are the businessperson, which means individual proprietors …show more content…
Therefore, the majorities concern are how would the executive know how to best utilize their resources and who says that they can have the final choice, what happens to the interest of the consumer if the decision go unchecked and morality of the decision comes in question? Where are the checks and balances for the organization and its proprietors? Again, look at the Enron tragedy where people lost jobs and lifetime investments over night. Here you see Drucker’s views about the so-called “Ethical chic,” as seen in the case of the peasant versus the prince and sexual misconduct. This is just not right, as viewed by some to be fornication for the peasant, while in the case of the prince it is seen as romance; this is simply a situation of who is doing who depending on whom you are within the community! Unfortunately, this should not be the case, as identified by the Confucian philosopher in the case of “ethics of organization” both durable and effective; and the following …show more content…
Webster states that “Social responsibility” is a doctrine that claims that an entity whether it is state, government, corporation, organization or individual has a responsibility to society. This responsibility can be "negative," in that it is a responsibility to refrain from acting, or it can by "positive," meaning a responsibility to act (“Webster’s online dictionary“, 2010). While Business Ethics is defined as a form of applied ethics that examines ethical principles and moral or ethical problems that arise in a business environment (“Webster’s online dictionary“,