Economist Milton Friedman’s influential maxim, that a company’s sole obligation is to maximize profits, is outdated. Many companies have voluntarily integrated social concerns into their business operations through corporate social responsibility, or CSR, policies for years.
‘Social profit orientation’ can help companies and nonprofits alike do more good in the world
Reader’s Picks
-
“Birthrates are plummeting worldwide. Can governments turn the tide?” “The world is running out of children as global birth rates [...]
-
Scotland’s care system is taking years to find many of the country’s most vulnerable children permanent homes—and too many of [...]
-
Social media is negatively impacting the life satisfaction of Australian high school students, according to the latest findings from Australia’s [...]