Critically discuss the paradox (responsibility vs profitability) in relation to strategy –Bring in relevant literature –e.g. Friedman (1970) vs Freeman and Reed (1983)

Engage in a debate on strategic purpose of the firm: mission, purpose and value.

Critically discuss the paradox (responsibility vs profitability) in relation to strategy –Bring in relevant literature –e.g. Friedman (1970) vs Freeman and Reed (1983)

What are the most relevant pros and cons of each view? Support with examples

How is it done in practice? Discuss stakeholder mapping

Can both views be correct? Can both views be wrong? Why?

Draw critical implications from your analysis PART b)What is commonly understood as CSR? Any issues surrounding how we define it?
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What are the pros and cons of CSR regulation? Use examples and theory critically

What are the pros and cons of ethical self-regulation? Use examples and theory critically

Any merits to “creating shared value” (Porter and Kramer 2006)? Use examples.

Conclude with your views on the long-run success of each approach (critical in