Study Questions for Session 2

Hi everyone
Below are the study questions for session 2. As mentioned in class, students who will not be attending next week's class, should hand in these questions at the start of session 3 on Monday. I recommend that everyone take a look at the questions and be prepared to discuss them in class

How does Milton Friedman define social responsibility? What arguments does he use to rationalize his argument? What problems or issues arise given this definition?

Michael Porter and Mark Kramer identify four reasons corporations give to justify their Corporate Social Responsibility initiatives. What are they? According to the article, what are their strengths and weaknesses? Do you agree or disagree?

According to Porter and Kramer, how should companies determine what corporate social initiatives to start? What processes should a company use to identify these core initiatives?

Compare and contrast Porter and Kramer’s definition of social responsibility with that provided by Klaus Schwab? Are their similarities? What are the key differences?