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The Social Responsibility of Business is to Increase its Profits by Milton Friedman The New York Times Magazine, September 13, 1970. Copyright @ 1970...
In your post, present, compare and contrast these two dramatic views of an organization. Your post should also address the following:1) Do you concur with the stakeholder definition of the organization? Why? Why not?2) Given the globalization of the marketplace, both through multinational corporations and the ubiquitous nature of the Internet, discuss the inadequacy of Friedman's understanding of the firm and how stakeholder management theory is better positioned to address the unique challenges of global concerns.