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Article review - Book Report/Review Example

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Name: Instructor: Course: Date: Article Review Bibliographic Information/Introduction The article in review is by Carroll B. Archie titled, “The Pyramid of Social Responsibility: Toward the Moral Management and Organizational Stakeholders.” It is an article that was published in the year 1991, which aims to discuss the numerous ideas behind organizations, their stakeholders, and the environment in which they are located…
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Download file to see previous pages The purpose of the article was to bring out the real message behind social responsibility, and the manner in which its components can be executed to fulfill the shareholders’ desires (Carroll 39). Carroll B. Archie, the author of the article, intended to break down the components that surround CSR in order to assist executives achieve organizational goals through fulfillment of shareholders’ desires. Governmental bodies were created to indicate/determine the groups of people that rely on CSR regularly, and what organizations need to do to meet their demands. The ever-growing numbers of stakeholders, who demand ethical and legal rights, require organizations to fulfill their end of the bargain by partaking in moral operations (Carroll 39). In light of the above, executives are forced to look at the moral deals that surround their organization that indicate how well to deal with stakeholders. Background Information In modern society, corporations around the world are held responsible for some of the actions that are carried out, and how they directly affect society. Beyond the technical and economic interest of the organization, many organizations are striving to cater to the growing needs of their immediate surroundings. Over the past decades, CSR has been looked at as a means to achieve personal, organizational, and societal fulfillment. Major improvements and advances led to the conclusion that societal goals must be included in an organization’s social performance so that accomplishments may be attained throughout the whole social spectrum (Carroll 40). Business responsibilities are framed in a way that can be accepted by conscientious minds in the business world. This means that; legal, philanthropic, economic, and ethical obligations must be fulfilled by the organization in order to satisfy CSR. Summary There are four categories of responsibilities discussed in the article. The economic aspect dictates that profit is the basic motive behind organizations and businesses. The production of goods and services requires businesses to create an avenue for acceptable profit. The acceptable profit notion came to be re-examined to that of maximum profits, which has been a favored notion ever since. The legal responsibilities that surround businesses are that they need to conform to the legal requirements in place as indicated by the state, and businesses must carry out their operations according to the legal framework of the law. The ethical responsibilities are those actions prohibited and/or expected by society. They are not necessarily codified by the law, but are what stakeholders consider to be fair or just in the community (Carroll 40). Ethical responsibilities precede the establishment of law. This is as they become the driving force behind the formulation and implementation of rules and regulations (Carroll 41). Philanthropic responsibilities are those that revolve around societal expectations, which demand that businesses take a part in societal growth and development. These activities might include contribution of resources and humanitarian programs that promote the welfare and goodwill of the community. Philanthropic responsibilities border on the voluntary aspect of the organization/business. It is, in fact, considered to be the most crucial aspect by society with respect to the other ...Download file to see next pagesRead More
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