Critically assess and evaluate how the concept has developed and the extent to which you agree with Milton Friedman’s article.

This assignment will be marked out of100%.

This assignment contributes to50% of the total module marks.

The word limit for the assignment is 3,000 words.

Footnotes and Bibliography will not be included in the word count but should not be abused.

Assessment Task

Answer the following question:

In his article “The Social Responsibility of Business is to Increase its Profits” (1970) the Nobel-prize winning economist Milton Friedman argued that the only social responsibility of business is to increase its profits for the benefit of shareholders.

Consider the above statement in the light of the developing and complex concept of corporate governance. Critically assess and evaluate how the concept has developed and the extent to which you agree with Milton Friedman’s article.

Learning Outcomes to be assessed(as specified in the validated module descriptor):

1. To demonstrate a high level knowledge of the law relating to commercial and consumer law.

2. To critically analyse, evaluate and apply laws relating to commercial and consumer law contracts.

3. To assess the role and obligations of different governmental and non-governmental agencies in terms of commercial practice, trading standards and consumer protection.

Grading Criteria:

A copy of the LLM Marking Criteria can be found on VLE under the section of ‘Rubrics’ tab.

What do you think accounts for the substantial historical interest he has provoked, and his current popularity, as reflected by the popular musical bearing his name?

For your discussion board this week, you will need to visit the following website and listen to the podcast on “Hamilton”:

http://backstoryradio.org/shows/hamilton/ (Links to an external site.)

Then post a response reflecting on this material.

1) What do you find most interesting about Alexander Hamilton and his legacy?

2) What do you think accounts for the substantial historical interest he has provoked, and his current popularity, as reflected by the popular musical bearing his name?

In your responses to your classmates, compare and contrast what you think is most interesting about Hamilton and his legacy, and whether you think he deserves the popularity he is receiving in current times.

Based on the personal leadership portrait you have presented in this paper, explain how you will achieve the following outcomes as a leader within your field or area of specialization.

Analyze one or more leadership styles and corresponding leadership theories based on the unit readings and your MLQ assessment results that you believe best align with personal leadership effectiveness.
Analyze one or more communication styles based on the unit readings and the results of your communication style self-assessment that you believe best align with personal communication effectiveness.
Analyze your leadership strengths and growth opportunities.
Analyze your communication strengths and growth opportunities.
Based on the personal leadership portrait you have presented in this paper, explain how you will achieve the following outcomes as a leader within your field or area of specialization. In other words, what strategies will you use to ensure you are optimally effective in each of these areas?
Communication and interpersonal effectiveness.
Ethical leadership.
Effective diversity management.
Effective change management
Overall team effectiveness.