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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Marketplace Ethics

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Q 1. With reference to Milton Friedman’s marketplace ethics—essentially the idea that corporations have only one ethical responsibility, to make money—what can be made of the green washing accusation? Is it possible that it is not so much an accusation as a compliment? Justify your answer. 2. If a corporation acts in a way that does good in the world, does motive matter, does it matter why the corporation does what it does? Justify your answer. Provide an example of a corporation that supports your answer.

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Cite your sources. It is the responsibility of the managers, executives and the leaders of an organization to take an active part in the ethical and corporate social responsibility of an organization. It is an important fact to mention here that all of the companies operate business functions only to profit. However, the organizations are also expected to be socially and ethically responsible. It is the duty of the organizations to do something for the environment where it operates its business (Friedman 1970, p. 123).