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Corporate Social Responsibility - Essay Example

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This work "Corporate Social Responsibility" describes theories of CRS that most business organizations apply in creating the image of a socially-oriented firm. The author outlines that a good public image enables a business to build a strong and respectable identity in that particular market. From this work, it is clear about the benefits of Stakeholder theory, its concept…
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Corporate Social Responsibility
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Download file to see previous pages Corporate Social Responsibility has recently become the foremost element of strategic policy of most corporates. In a real sense, companies or business entities without CRS may not survive or succeed in the 21st century whereby people easily get information about corporate (Mullerat, 2011 pg 60). Theories are used by business organizations to develop their public image in the market place. Good public image enables a business to build a strong and respectable identity in that particular market. This is one of the ways used by corporates to maintain good market supremacy.
There are numerous theories of CRS that most business organizations apply in creating the image of a socially-oriented firm. They include integrative theorem, instrumental theorem, political theorem, agency theorem, stewardship theory, stakeholder theory among other theories (Lee& Kotler, 2013, p. 23). However, this essay will focus on the stakeholder theory (freeman 1984), agency theory (Friedman 1970), stakeholder theorem (Donaldson), and stewardship theorem (Donaldson and Davis 1991) for they are the most applicable in the movie Class Action. The writer will be using Argo Auto manufacturer, a corporate featured in the Class Action Film of 1991 as the base for argument.
Class Action is a movie that was played in 1991. It involved an auto manufacturer firm by the name of Argo Motors (defendant), which was manufacturing defective cars. Out of the company’s negligence, their Volkswagen cars’ gas tanks were exploding whenever making a left turn. This led to a serious accident that made the casualty never walk again and instead was using a wheelchair; this could be argued out in line with Duty of care – Neighbour – Act? – Case: Caparo v Dickman (1990), whereby there ought to be predictable harm based on the defendant’s behavior. In this lawsuit, Maggie was the attorney who was representing the company while Jed was representing the plaintiff (Robert David Hall). Jed was an activist lawyer and he represented the oppressed in the society. However, Maggie was an alienated daughter and never enjoyed fatherly love since Jed’s marriage broke up because he was cheating on Maggie’s mother. The movie is very convenient since it involves opposition in the court of law between the father and the daughter who had decided to take opposite sides in this controversial case of corporate negligence. Maggie uses her law prowess to portray her rebellion to her father and used it as the only opportunity to present her resents to her father for abandoning her. ...Download file to see next pagesRead More
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