ADMS 1010 Lecture 3: ADMS 1010 week 3 textbook note

• School: York University
• Department: Administrative Studies
• Course: ADMS 1010
• Professor: Eytan Lasry

Document Summary

Adms 1010, exploring the functions of business september 29, 2018. I believe friedman"s claim to be invalid, and outdated. Friedman says that the only social responsibility of a business is to use its resources to fundamentally increase its profits. Considering the evidence provided by ipcc i believe that businesses nowadays have a social responsibility of more than just increasing profits. At the time that mr. friedman gave his claims, global warming, and many of the economic problems we face today were not a issue back in the. In todays day and age, we find global warming to be a major issue, and big businesses to be playing a huge contributing role to that problem. Human survival is almost completely dependant on the environment, and this is also the place where large manufacturing plants can dump their wastes for little to no cost at all.