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  1. Friedman Law Group is a woman-owned firm that is focused on delivering innovative and pragmatic business strategies consistent with our clients' objectives and needs. We draw on our combined knowledge, creativity and expertise in order to be an integral part of each client's success.

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      Welcome to Friedman Law Group, a dynamic law firm with...

  2. Welcome to Friedman Law Group, a dynamic law firm with leading edge strengths in the arena of marketing, sweepstakes, entertainment and advertising law. We are client-focused, delivering innovative and pragmatic legal advice consistent with our clients’ business objectives and needs.

    • Background of The Friedman Doctrine
    • What Is Social Responsibility?
    • Friedman Doctrine Influence
    • Criticism of The Friedman Doctrine
    • Additional Resources

    The Friedman Doctrine first appeared in the New York Times in 1970 as an essay by Milton Friedman. In the essay, the economist explained that an entity does not have any social responsibility to the society around it whatsoever. Instead, he stated that the only responsibility that an entity should abide by is its shareholders. Friedman justified hi...

    The Friedman Doctrine holds that decisions concerning social responsibility rest on the shoulders of the shareholders, not the executives of the company. He argues that an entity is not obligated to any social responsibilities unless the shareholders decide to such an effect. Any social responsibilities to the society require resources and should, ...

    As an indication of the Friedman Doctrine’s influence in the business arena, many business owners believe that companies should focus on maximizing shareholder value rather than focusing on other activities such as corporate social responsibility. The primary goal for any entity should be to increase the profitability of the business since that is ...

    Despite its success, the doctrine faces its own fair share of criticism from the surrounding society. The doctrine is seen, to a large extent, as individualistic, especially from the societal perspective. Critics consider the doctrine as defective from many fronts, including legally, morally, economically, socially, and financially. Most critics ho...

    Thank you for reading CFI’s explanation of the Friedman Doctrine. In order to help you become a world-class financial analyst and advance your career to your fullest potential, these additional resources will be very helpful: 1. Keynesian Economic Theory 2. Negative Externalities 3. Shareholder Primacy 4. Stakeholder vs Shareholder 5. See all equit...

  3. Friedman Law Group is a woman-owned firm that is focused on delivering innovative and pragmatic business strategies consistent with our clients' objectives and needs. We draw on our combined knowledge, creativity and expertise in order to be an integral part of each client's success.

  4. Friedman Law Group, is a dynamic law firm with leading edge strengths in the arena of marketing, sweepstakes, entertainment and advertising law. We are a female-owned firm that is...

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    • Friedman Law Group, LTD
    • Chicago, Illinois, United States
  5. Friedman Law Group, is a dynamic law firm with leading edge strengths in the arena of marketing, sweepstakes, entertainment and advertising law. We are a female-owned firm that is focused on delivering innovative and pragmatic business strategies consistent with our clients' objectives and needs.

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  7. Friedman Law Group is a female-owned firm that is focused on delivering innovative and pragmatic business strategies consistent with our clients' o bjectives and needs. We draw on our combined knowledge, creativity and expertise in order to be an integral part of each client's success.

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