You are the HR Director for regional supermarket. The firm exists as a partnership and had become very profitable over the past several years. All of the partners are related by birth (you are not one of the partners). One day Louise, the managing partner, pulled you aside to let you know that the partners had decided to incorporate, offering several million shares of stock as an initial stock offering. Louise said she thought it was a step that made sense and would raise substantial amounts of cash that could be used to fund expansion. She then raised the following question: Would incorporation require a change in the company’s relatively generous decision to offer family friendly benefits?.
1. What ethical concept applied to corporation?
2. Compare and contrast incorporated entities with sole proprietorship and partnerships.
3. Explain Milton Friedman critique of the concept of corporate social responsibility?
4. Identify at the responsibility HR professional routinely assume that affect the ability of a corporation to exhibit social responsibility?
5. Describe four types of social responsibility?
Compare and contrast the manner in which Milton Friedman, and Linda Trevino and Katherine Nelson would respond to this inquiry.