SOCIAL RESPONSIBILITY AND BUSINESS STRATEGY Professor Institution City and State Date Social responsibility is a critical issue where Business and organizations are concerned. Whether everyone agrees or not, there is no other way for economic success if accountability of the entire process of trade is ignored (Jeremy 2009, p…
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That is why it is important that every organization in business must include the social responsibility as part of their strategy. Norman who is a professor of ethics in Business looks critically at a number of prevalent and quasi-academic outlines for identifying and mitigating beyond-compliance responsibility such as CSR, organizational citizenship, sustainability, shareholder theory and triple bottom-line. His working theory is that beyond compliance responsibilities can be vindicated by using the same ideas and methods we use in vindicating particular guidelines. He also focuses on “ethical Politicization” and more generally on the nature of answerable behavior in the business-government dealings (Norman 2012 p.75). The idea of corporate social responsibility is exceptionally valuable and hard-worn social benefit. It is a vehicle for endorsing transparency, more tone liability, better communique, honesty, mutually advantageous exchange and functional development. In providing a clear way of critiquing business inside and out of its borders, it is now an essential condition for businesses to have morals and to exercise modern entrepreneurship (Jeremy 2009 p34). It is especially important for the growing global economics, while at the same time it is a delicate issue. However, different researchers are coming up with different views on this topic with one group arguing that business must operate under proper values and the other arguing that social responsibility is a complicated issue and cannot work successfully. According to Moses Pava, Former US secretary Robert Reich is one example of those who oppose the social responsibility advocators (Pava 2008 p.38). He believes that it is a project that can never succeed and campaigning for it is a waste of time and money. Reich points this failure in the raising political power but does not clearly state exactly what his argument is all about. He however, wants this idea dropped and as it is not one that could work and the only reason for him is the rise in corporate political power an argument thought as not so convincing according to Pava. Critiques like Reich are therefore, needed to listen keenly to those who have continuously been pushing for more and improved corporate social accountability as they may need to respond to his argument. Understanding the state of business and the processes in it, Reich and other should be convinced that corporate social responsibility is a vital foundation for business morals and for current capitalism. Lack of social corporate responsibility will create an avenue for unnecessary exploitation and great benefits for a few traders and that would not make sense. Reich’s concern in this issue is that rules advocating for the social corporate responsibility are not safe for business as they could cause a lot of harm. He believes that if businesses should prosper, then, they should focus mainly on customer satisfaction and maximization of corporate profits for stakeholders (Pava 2008p. 50). He says that ethical and social responsibility is individual and can be practiced in those terms instead of setting up policies that direct organizations to operate under ethical social responsibilities, which would frustrate the freedom for organizations to achieve their goals. Pierre, on
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