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¶ … organization always adopt a broad stance on social responsibility? Explain how you agree or disagree with this question and why you have this perspective.
More and more organizations are making social responsibility a primary feature of their websites and the ways in which they market themselves to consumers. Starbucks promotes its sale of Fair Trade coffee; the Interface carpet company has a zero-impact model of sustainability. This can generate good publicity for the company or in some instances real cost savings. Thus, exploring issues of social responsibility and stressing the need to give back to the community as well as register short-term profits is useful. Sometimes social responsibility can yield long-term dividends, like Toyota's highly successful hybrid the Prius.
However, ultimately a company must remain in business if it is to do any kind of good...
Ultimately, for a publically-traded company, the shareholders are owners who expect the management to yield dividends. A company does not have to ignore social responsibility -- indeed, doing so may be irresponsible and ignore the current market's needs. But a company should not confuse its mission with that of a nonprofit. This is unjust for the employees who are affected as well as the company's owners. Finally, there is always a question of what policies are socially responsible, as these may be controversial and not necessarily self-evident. With this in mind, the company must also factor in practicality and the effects on profits to make an intelligent decision between different competing options and when weighing the opportunity costs of various socially responsible activities that may or may not be…
Corporate Social Responsibility There are various definitions aiming to explain what Corporate Social Responsibility (CSR) signifies. Because of the many ways in which this concept is interpreted by the millions of companies around this country, and the world, there is no consensus as to what CSR could truly mean. In other words, definitions vary depending upon the field examined, and the impact of a business' actions. Yet CSR is of vital
591-2). The failure to integrate CSR initiatives into a larger development plan is another problem contributing to the lack of implementation of CSR projects. Projects are often driven by short-term expediency meaning that the decisions taken are at too low a level as to which projects to execute. There may be little coordination in determining the areas that will benefit and how the projects can be put together to contribute
Corporate Social Responsibility Unfortunately, corporations are given considerable leeway by the government and are allowed to sidestep rules, misinform or withhold information from the public; and otherwise avoid accountability. As Estes writes in his article "Punitive Damages Remind Companies Not to Sin," "We'll continue to have exploding automobiles, unsafe workplaces, sweatshops, toxic pollution and waste until corporations are made to put the public interest over private profit." Exploding cars are only
Corporate Social Responsibility Trends of 2011 With so many businesses running the world today, and especially in light of those who do not necessarily have the consumer's best interest at heart, there must be something holding it all to a certain standard, namely, something assuring that the customer and the employees are served well by the company. Corporate Social Responsibility (CSR) is that thing. CSR is defined by Mallen Baker (2011) as
Corporate Responsibility During the past couple of decades companies that had been previously concerned only with their bottom line and profitability have changed course and taken new directions that include corporate social responsibilities such as health, safety, environment, and even community relations. As these new responsibilities have taken shape many of the for -- profit organizations have established footholds in what used to be the non-profit arena's domain of expertise. This
Corporate Social Responsibility Literature Review a topic-Corporate Social Responsibility The term 'corporate social responsibility' is a social word that has often taken the world by a storm at its mention. Noya and Clarence (2007) in their book "The social economy: building inclusive economies" offers a succinct description and understanding of what normally takes place and get exemplified at the mention of this term in the business world. Many writers of business journals