College of Business Administration

on-site MBA Program at

Management 722
Seminar in Business Ethics and Social Institutions

Written Assignment 1

1) Offer a reasoned criticism of Milton Friedman's arguments as outlined in The Social Responsibility of Business is to Increase its Profits

or

2) In the film Mindwalk, Sonya argues that the essence of life is self-organization. More specifically, she claims life is self-maintaining, self-renewing, and self-transcending, with an inherent tendency to create new forms. Keeping these principles in mind, provide a description of an organization with which your are intimately familiar using the language of systems theory (remember Sonya's description of the tree?). What application might this thinking have to the establishment of organizational mission, strategy, structure, and/or policy?

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