FRIEDMAN V.S. DRUCKER

Friedman v.s. Drucker

Abstract

Business ethics is a form of applied ethics that examines ethical principles and moral and ethical issues that arise in the business environment. In a more conscientious grounds of the 21st century, the demand for more ethical business processes and actions (referred to as ethicism) increases. In addition, the pressure on the use of business ethics is currently providing through new public initiatives and laws.

Friedman v.s. Drucker

Introduction

Milton Friedman and Peter Drucker as noted by the authorities; Milton Friedman was the first economist and even won the Nobel Prize in Economics in 1976, when the Nobel Prize held more honor than it is today. Both operate at different times, however. Their views of ethics and social responsibility can not be regarded as complete in the modern business environment.

Comparison and Contrast

Both Freidman and Drucker give excellent examples and explanations of their views on certain topics at hand. Ethics and the Social Responsibility of BusinessEthics is a branch of philosophy concerned with determining what conduct is good or right and what conduct is bad or wrong. Good or right conduct is said to be ethical or moral. Bad or wrong conduct is said to be unethical or immoral. Ethics attempts to determine what people "should" do in order to "do the right thing." Philosophers generally say that what someone "should" do in a given setting is a "moral obligation" or a "moral duty." Business ethics is a subset of ethics generally. No special ethical principles apply only in business settings. Ethics is taught in business schools today because there has been a sense in recent years that some people in business have acted in unethical ways. In contrast to Drucker, economist Milton Friedman, a Nobel prize winner, argued in a 1962 book that:"There is one and only one ...