In the video, Alex Edmans asks “Why do businesses exist, t

In the video, Alex Edmans asks “Why do businesses exist, to earn profit (shareholders) or to serve a purpose to society (customer, employee, and environment).” Address the following:Explain what answer he came to and why.Next, discuss the approach human resource management should take toward organizational social responsibility.Finally, cite one real-life example of a company implementing social responsibility that is not mentioned in the video or the course textbook. Be sure to be factual and to fully support your answer.Your initial response should be a minimum of 500 words. Graduate school students learn to assess the perspectives of several scholars. Support your response with at least one scholarly resource in addition to the text.