Milton Friedman declared "there is one and only one social responsibility of business-to use its resources and engage in activities designed to increase its 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." Please address the issue of whether or not corporations exist only to serve the interests of shareholders. What is the nature and extent of business social responsibility. You should address the issue from the four major sources of ethical values in business as noted in the Jennings text, i.e. Law, Culture, Philosophy, and Religion. It may help you by focusing on a chapter topic, e.g. Chapter 5: Corporate Social Responsibility, Chapter 9: Business in Politics, Chapter 11: Multinational Corporations, or a Part of the text – for example, Part Six: Corporations and the Natural Environment.

Your reflection/application papers should be no less than six (6) pages, not including your title page and references or works cited page. Please refer to the 'General Guidelines for Your Reflection/Application Papers' posted in the Modules section. The paper is due the last day of class and must be submitted electronically via Canvas.

I am looking for a researched, thoughtful, and well written analysis. As we have discussed several times in class, your paper should include things that you have learned in the other classes that you have taken at Saint Xavier University, not just our class and not just your business classes. For example, you should include information that you learned in religious studies courses, science courses in biology and chemistry, psychology, etc. To reiterate, you should address the issue from the four major sources of ethical values in business as noted in the Steiner text, i.e. Law, Culture, Philosophy, and Religion.

Again, the paper is due the last day of class and must be submitted electronically via Canvas. There are many resources posted on Canvas. And, as provided in the instructions and discussed in class, please pull from all the courses you have taken at Saint Xavier University as well as your life (both personal & professional) experiences, not just what we have discussed in our class.