In this essay we take a look at Milton Friedman's famous essay "The Social Responsibility of Business is to Increase Profit". The following article is an attempt to critically evaluate the article in consideration of Freeman's stakeholder theory. First let's start with a little overview of what Milton Friedman laid out in his article. It seems that the central point of his essay revolves around a basic statement that clearly states that the only social responsibility of business is to use its resources and engage in activities designed to increase its profits as long as it stays within its rules of the game (Milton Friedman, the social responsibility of business is to increase profits). We can probably all agree that the primary goal of any business is to earn revenue and achieve a certain profit. But then here's the question we could ask ourselves: is profit the only element to consider when making business decisions? From my point of view the answer is no, as I will try to demonstrate in this article. A quick alternative to what should be a company's top priority is to create a customer, as Dr. Peter Drucker said. According to him “The customer is the foundation of a business and keeps it in existence. He alone provides work. To satisfy the desires and needs of the consumer, society entrusts the resources that produce wealth to the commercial enterprise”. (Santayana, George. Is the tyranny of shareholder value finally ending?) So, before going into more detail about the different perspectives related to social responsibility, one might wonder about the meaning of social responsibility. It is a general opinion that social responsibility is defined as the obligation of the business to make decisions that benefit society... middle of paper... the responsibility to generate profit and maximize it, but then one should take into account the main elements who are crucial to its survival: the stakeholders. For example, if customers stopped buying a product or the investor withdrew his investment due to greedy pursuit of profit. The future of an entire company collapses. In addition to that, maximizing profit by simply binding yourself to the rules of the game is not enough as the rules of the game are not always fair, so primary and secondary stakeholders should be considered while making money. Bibliography: Works Cited Friedman, Milton. Corporate social responsibility is to increase profit. N.p Santayana, George. Is the tyranny of shareholder value finally ending? Np, nd Web. .