CHECK THESE SAMPLES OF Is Profit the Only Responsibility of Business
To the environment Organizations have an obvious responsibility of creating an environment conducive for business.... However, the environment is also dependent on the responsibility of the organization to fund many development projects.... Profit oriented business also play a significant role in raising the trading potential on an area.... This is because these businesses greatly attract business partners.... Regardless of their stand in community activities, profit oriented business make great business partners....
3 Pages
(750 words)
Essay
On the other hand some authors feel that the question of assuming social responsibility by the business falls outside the scope of business.... Social responsibility of a business means the responsibilities which the business must undertake for the betterment of the society.... Social responsibility of a business means the responsibilities which the business must undertake for the betterment of the society.... These are the policies and programmes which a business must pursue for the general upliftment of the society....
5 Pages
(1250 words)
Essay
He maintains that the responsibility of a corporate executive who is employed by the owners of the business is to run the business profitably in accordance with the law.... This essay analyzes the view, in which business have social responsibility seems justified as the operations and the business of an organization is affecting the environment at large.... These responsibilities, however, are not of the business but the corporate executive's responsibilities....
3 Pages
(750 words)
Essay
Critics of CSR attack those in favor of it by saying that profit is a needed and helpful advantage of business because it is this very profit which allows businesses to put funds into helping society.... Many people in favor of CSR say that many business ethics of big corporations are unethical, but critics reply by saying that it is unethical for managers to think of anything else than maximizing shareholder profits.... Critics also say that there is a big difference between taking account of society's interests and being accountable for society's interests; only the former element should be imposed on managers and businesses....
10 Pages
(2500 words)
Essay
The author of the paper "Corporate Social Responsibility is profit-Driven" will begin with the statement that the definition of Corporate Social Responsibility suggests that apart from the financial outcome the companies also have a responsibility towards the society.... CSR has been defined by the British Government as being how business takes account of its economic, social and environmental impacts in the way it operates - maximizing the benefits and minimizing the downsides (Jones, Bowd and Tench 2009)....
7 Pages
(1750 words)
Research Paper
"A Friedman doctrine: The social responsibility of business is to increase its profits," The New York Times Magazine, (September 13, 1970).... I also agree with Porter and Kramer that although businesses need to take the initiative to bring society and themselves back together, they are stuck in thoughts that social responsibility is not at the core of business but at the periphery.... This paper will respond to the critical letter commenting on the opposing views presented by Friedman on one hand, and Social responsibility of a Business Social responsibility of a Business A business' social responsibilities define both the economic and ethical duties it is obliged to perform in order to contribute towards, and uphold, the balance between the ecosystem and economy while promoting its workers' and customers' quality of life (Wayne, Matten, Pohl & Tolhurst, 2007)....
2 Pages
(500 words)
Assignment
The stakeholders are of great importance to the enterprise and, therefore, despite just concern to the multiplication of profit the business The Core Responsibility of a Business The Core Responsibility of a Business Although it remains the central target of every entrepreneur, making profit does not have to be the sole responsibility of business (McNulty, 2013).... The stakeholders are of great importance to the enterprise and, therefore, despite just concern to the multiplication of profit the business should ensure corporate social responsibility (CRS) to the stakeholders (Williams 2014, p....
2 Pages
(500 words)
Essay
"Is the only responsibility of a Business to Make, through Legal Mеаns, as Much Рrоfit as Роssiblе for Its Shаrеhоldеrs" paper holds the view that business ought to be creating value for all the stakeholders?... The idea that the main responsibility of a business is to make money and maximize profits for the shareholders has generated heated debate among scholars and other interested parties.... (Mackey and Sisodia 2012) Freeman, Wicks, and Parmar (2004) argue that the responsibility of any business out there is not only tied to maximizing profits for the shareholder but rather it should also consider the other stakeholder position....
9 Pages
(2250 words)
Coursework