ARTICLE SUMMARY OF THE DANGERS OF SOCIA
ARTICLE SUMMARY OF THE DANGERS OF SOCIAL RESPONSIBILITY
1. A sentence that provides a synopsis of the article.
The article mainly discusses about the dangers and downfall with management's social responsibility. The author argues that self-conscious dedication to social responsibility could have started as a purely defensive mechanism by the company against strident attacks on big corporations and on the moral efficacy of the profit system. It does not reflect a change in businessmen's nature or the decay of self-interest. The function of business is to produce sustained high-level profits. The significance of free enterprise is to go after profit in any way that is consistent with its own survival as an economic system. Indeed, as the profit motive becomes increasingly sublimated, capitalism will become only a shadow, the torpid remains of the creative dynamism, which was and might have been.
2. Three or four important features, facts and highlights from the article.
One important fact from the article is the concept that the main purpose of every business is to generate a high level profit to increase the wealth of its owners and to sustain the business survival. This can be attain with the effective and efficient operations under the supervision of the management in the company. It is the ultimate purpose of every business in every industry, to be profitable.
One highlight that can be noticed is what is a new feudalism is being viewed that they are against the all-embracing welfare state not because of the objection to the welfare but because the objection to the centralized power and the harsh social discipline. The point is that the objection is for the pervasive welfare state in the government and objections for the unions. Hence, these are being objected to be included inside a corporation.
Another interesting feature that was brought about the creation of monolithic society that is dull and frightening. The author believes in pluralism. The author feared
1. A sentence that provides a synopsis of the article.
The article mainly discusses about the dangers and downfall with management's social responsibility. The author argues that self-conscious dedication to social responsibility could have started as a purely defensive mechanism by the company against strident attacks on big corporations and on the moral efficacy of the profit system. It does not reflect a change in businessmen's nature or the decay of self-interest. The function of business is to produce sustained high-level profits. The significance of free enterprise is to go after profit in any way that is consistent with its own survival as an economic system. Indeed, as the profit motive becomes increasingly sublimated, capitalism will become only a shadow, the torpid remains of the creative dynamism, which was and might have been.
2. Three or four important features, facts and highlights from the article.
One important fact from the article is the concept that the main purpose of every business is to generate a high level profit to increase the wealth of its owners and to sustain the business survival. This can be attain with the effective and efficient operations under the supervision of the management in the company. It is the ultimate purpose of every business in every industry, to be profitable.
One highlight that can be noticed is what is a new feudalism is being viewed that they are against the all-embracing welfare state not because of the objection to the welfare but because the objection to the centralized power and the harsh social discipline. The point is that the objection is for the pervasive welfare state in the government and objections for the unions. Hence, these are being objected to be included inside a corporation.
Another interesting feature that was brought about the creation of monolithic society that is dull and frightening. The author believes in pluralism. The author feared