P-M-I CHART

Instruction: In the Interesting box, write down how each view contributes to achieving organizational
success. In the My Decision box, write down your recommendation on the most effective approach that
must be employed by global or local companies to achieve organizational success.

Friedman’s Traditional View Carroll’s Four (4) Responsibilities of Business

Plus (Advantages) Minus (Disadvantages) Plus (Advantages) Minus (Disadvantages)

Freidman’s traditional view The disadvantage that can be Carroll’s four responsibilities of Since the four responsibilities
showcase the loyalty of a found in Friedman’s traditional business has stated a full of business of Carroll have a
businessman to its business
view of business is that he responsibility from economic, lot of scopes that should be
and customers. It will give a
great idea to be responsible overlooks into the negativity legal, ethical and discretionary. followed and listed, there
on own resources and of these activities rather It is advantageous as it has would be lot of processes that
activities that a business
considering the fact that it step by step plan to do will be done and it may take
should do rather than
cutting or making may help the company or the because this four are in order lot of time of businesses to
expenditures. business to grow. of priority. process to follow all of it.

Interesting
The interesting part about the traditional view of Friedman
regarding the business responsibility is that any business
that will follow this will be engaged in an open and free
competition without any deception or any fraud, which is a
positive that can help any businesses to develop more.
Interesting
Interesting fact about Carroll’s four responsibilities of business
is that it is important to make a profit to satisfy the economic
responsibilities, meaning that the business is not only
operating to have sales but to help the social value of the
economic.

My Decision
Regarding the two social responsibilities that were mentioned above, I think that Carroll’s four responsibilities of
business is much better than Friedman’s traditional view. It would be easy to follow a plan than avoid ways that may
or may not help a business. Carroll’s four responsibilities of business will give advantages to the business itself, the
employees and staff, the management, the customers and the society.

04 Activity 2 *Property of STI

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