Business Finance
Gulf oil spill and Corporate social responisbility

Question Description

Review the articles on the gulf oil spill and corporate social responsibility. In 250 words, explain how the philosophy of Milton Friedman played a role in management’s decision. Identify one other ethical framework, other than Free Market Ethics, that influenced management during this event. Incorporate the material from the required readings along with scholarly outside research. All sources used must be cited in APA Format Required Reading: Friedman, M. (1970, Sept. 13) The Social Responsibly of Business it to Increase its Profits. New York Times Magazine. Retrieved from

Final Answer


Running head: GULF OIL SPILL



The spillage of oil at the Gulf whose main cause was rigging of oil at the deep water
horizon was one of the most extensive and devastating marine pollution ever experienced in the
world. Despite the public commitment of BP to protect the environment, the management
personnel through the systems of operational management were unable to put strategies in place
or do everything possible to prevent the explosion from happening. The explosion resulted to the
death of 11 individuals, 17 injured as well as other effects to human kind and other organisms
(Verschoor, 2010). All studies which have been carried out indicate that the management has the

Ben95 (12123)
Purdue University

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