Stakeholders
The topic at hand is whether businesses can rely on the premise that profit alone is the end-all be-all of what drives a business and what its endgame should be or whether it should focus at least somewhat on social and corporate responsibility even if it's at the expense of some or many dollars of profit. The author will compare these two disparate viewpoints and offer an overall viewpoint that actually blends the two.
Compare and Contrast
Friedman offers the point that businesses must have a profit to even survive and exist. As such, this drives what the business does, why it does it and how it should do it. The Stone treatise is a counterpoint and it argues that businesses have an obligation and a moral imperative to be stewards of the public good even at the expense of profit. Stone presupposes that firms are mandated and urged to be directed solely by profit and shoots down the presumptions that lead to this while Friedman makes the point that profit should indeed be the main goal.
Taking A Stand
The author of this report would state that, as with most things, the proper place to stand on this spectrum is somewhere in the middle. In this case, that "somewhere" is much closer to Friedman's viewpoint than it is to Stone's. However, Stone is correct in saying that profit should not be the only motive but he is perhaps a bit cynical to insist that it is indeed the "only" motive to some or many firms because...
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