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According to Friedman (1970),“the social responsibility of the organisation is to increase its profits”. Critically discuss this statement in relation to strategic purpose of the firm.

a)According to Friedman (1970),“the social responsibility of the organisation is to increase its profits”. Critically discuss this statement in relation to strategic purpose of the firm.

b)Some scholars argue in favour of strong governmental CSR regulation, while others consider tha tasking companies to self-regulate and develop their own CSR initiatives is more effective. Using examples and wider reading, discuss which view you think is most likely to succeed in the longrun

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