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In the video, Alex Edmans asks “Why do businesses exist, to earn profit (shareholders) or to serve a purpose to society (customer, employee, and environment).” Address the following:
- Explain what answer he came to and why.
- Next, discuss the approach human resource management should take toward organizational social responsibility.
- Finally, cite one real-life example of a company implementing social responsibility that is not mentioned in the video or the course textbook. Be sure to be factual and to fully support your answer.
Your initial response should be a minimum of 500 words. Graduate school students learn to assess the perspectives of several scholars. Support your response with at least one scholarly resource in addition to the text.