Business Responsibility within the Community

Milton Friedman (2001) said that the "One and only one social responsibility of business is to increase profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud." I opened with that statement because I feel strongly that business owe it to the community to play by the rules. In present time so many large corporations are being exposed, and so much has come to the light. We as consumers do our part, we buy, we pay taxes, and we are hard working people. Congress needs to reinforce law by: Exposing and punishing acts of corruption, move corporate a

"May you live in interesting times", runs the old Chinese curse. For good or ill, our times are 'interesting' - uneasy and uncertain - and so are the decisions we must make. After a century of enormous economic, political and social change, we live with exponential technological growth, and the ability to change our world irretrievably. We are developing capacities in respect of life that were once the domain of Fate, and will soon be able to alter what it means to be human.

The World Wide Web is just five and a half years old. Many of the businesses and business models that are making headlines today didn't exist in any form 10 years ago. CEO's and Business Analyst spend months producing future forecast. They are required to come up with futuristic numbers. In reality, technology is moving so quickly that forecast are merely a frame of future productivity and profits.

It is hard to figure how a term (Capitalism) that once connoted so much good for the world has fallen into such disrepute. In the past decade, globalization--meaning the rise of market capitalism around the world--has undeniably contributed to America's new economy boom. Today, most people look at the world and see the devastation wrought by economic and political policies that result from valuing money over life. A deep despair accompanies this perception. Many believe there is no real hope of changing the annihilative pattern of global capitalism. As in the past, if capitalism and its decision makers are to change for the better, it will only be if the pressure to do so comes from an informed and resolute majority of the population, not from some tiny minority of "enlightened" businessmen, politicians, or professors.

The overall pattern of income distribution has not changed very much in most market economies since the end of World War II. In the United States, the twenty percent of families with the highest incomes receive about forty-three percent of all income in any given year, the twenty percent of families with the next-highest incomes receive about twenty-four percent, the middle twenty percent of families about seventeen percent, the twenty percent of families with the next-to-lowest incomes about eleven percent, and the twenty percent of families with the lowest incomes only about five percent of all national income. These figures do not include the fact that people with higher incomes pay higher taxes than those with low incomes or that many low-income families benefit from gove

Some common words found in the essay are:
II United, Employee Relationship, Profession Additional, Business Ethics, Understanding Ethics, Business Analyst, Responsibility BSR, Milton Friedman, Culture Ultimately, , percent families, twenty percent, twenty percent families, families incomes, market economies, families lowest, percent families incomes, social responsibility, business social responsibility, families lowest incomes, relationship marketing, families initially, seven half, play rules, percent families lowest,
Approximate Word count = 1696
Approximate Pages = 7 (250 words per page double spaced)