Jens Hillebrand 
The social responsibility of corporations 

Essay from the year 2006 in the subject Business economics – Business Ethics, Corporate Ethics, grade: 1, 3, University of Glamorgan, course: Business Ethics and Sustainable Development, language: English, abstract: This essay builds upon Milton Friedman’s (1970) famous statement that ‘the social responsibility is to make a profit’.

It analyses four dimensions of corporate social responsibility – economic, legal, ethical and philanthropic – and discusses arguments for and against each of them.
The study concludes that there is need as well as justification for CSR, not only in a strategic manner, but also in an altruistic/philanthropic way.