Managing Ethics and Corporate Social Responsibility BA 354 Hybrid Wednesday – Fall 2018 Challenge Paper #3 (~1500 words due online Wednesday, November 7th at 11:59PM) Using the OSU on-line library, find and read the following article: Porter, Michael E. and Kramer, Mark R., “Strategy and Society: The Link Between Competitive Advantage and Corporate Social Responsibility”, HBR 84, (Dec 2006) 78-92 Your paper should answer these questions: Milton Friedman is rumored to have said “The business of business is business.” Why would a free-market economist have made such a statement? Does such a philosophy have implications for business ethics? As part of your research, you may find the following link helpful: http://umich.edu/~thecore/doc/Friedman.pdf (Links to an external site.)Links to an external site. 1. Based upon your readings in the book, your answer to the previous question, and the Porter/Kramer reading, what (if anything) does business owe society? 2. How should it be enforced (government, industry standards, no enforcement at all, etc.)? 3. How do you think CSR translates to firm performance?
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