Your assignment is to prepare and submit a paper on ethics and corporate social responsibility.

Your assignment is to prepare and submit a paper on ethics and corporate social responsibility. The narrow view separates the role of businesses highlighting that they should only concentrate on increasing monetary returns (Crowther & Aras, 2010). One supporter of the narrow view is Milton Friedman, who highlighted his opinion that corporations should not divert from their principal purpose of making profits. He argued that a diversion from profit making to the participation in social responsibility will present negative effects on the economic system. Friedman had the conviction that individual shareholders, customers, and even employees had the freedom to use their money in promoting social agenda. However, he did not see any reason for corporations to use their funds in support of corporate social responsibility.&nbsp.The narrow view separates the role of businesses highlighting that they should only concentrate on increasing monetary returns (Crowther & Aras, 2010). One supporter of the narrow view is Milton Friedman, who highlighted his opinion that corporations should not divert from their principal purpose of making profits. He argued that a diversion from profit making to the participation in social responsibility will present negative effects on the economic system. Friedman had the conviction that individual shareholders, customers, and even employees had the freedom to use their money in promoting social agenda. However, he did not see any reason for corporations to use their funds in support of corporate social responsibility.&nbsp. According to Adam Smith who was a strong proponent of the narrow view, corporations did not need to participate in corporate social responsibility ventures. Smith highlighted that the “Invisible hand” comprising of demand and supply forces had the capacity to create favorable conditions in the business that could benefit everyone. The invisible hand argument highlights that each individual in the market system should pursue self- interests. Supporters of this argument believe that the overall outcome of the invisible hand forces results to the wellbeing for all. Other supporters of the narrow view believe that the government should take its responsibility in regulating the activities of businesses (Fraser, 2005). This argument has its basis in the fact that individuals exhibit a selfish and inquisitive nature, which does not create a favorable environment for everyone. Therefore, the government should play a critical role in intervening promptly. It should do so by introducing regulations and laws that ensure that businesses do not misuse their power.&nbsp.