StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Social responsibility of businesses - Essay Example

Comments (0) Cite this document
Summary
In a free-enterprise, private-property system, a corporate executive is an employee of the owners of the business and as the manager, is the agent responsible for the individuals who own the corporation or establish the eleemosynary institution. The system has governmental established provisions to assure that taxes are imposed justly…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.8% of users find it useful
Social responsibility of businesses
Read TextPreview

Extract of sample "Social responsibility of businesses"

Download file to see previous pages If they are to be civil servants taxing and spending for "social" objectives, then they must be elected. Conversely, when the individual proprietor exercises his "social responsibility," he is spending his own money and is justifiable. So the social responsibility of businesses is to increase its profits ethically in free and open competition (Milton, 1970). Stakeholders include owners (who have a financial stake with expectation of returns, employees with their livelihood at stake expectant of security, benefits and meaningful work), suppliers (have their survival at stake and determine the firm's success, customers (exchange resources for products to profit the firm and benefit from the products), the local community (grants the right to firms to construct and returned with good facilities) and management. Management's stake is akin to the employees with the duty to safeguard the welfare of corporation, by resolving conflicts among conflicting stakeholders and balance their interests based on a doctrine of fairness (Ed, 1994).
The disagreement lies in management. For Ed, the management still fulfils its role as long as the interests of the stakeholders are met with equality (Ed, 1994). As for Milton, once the manager is not an elected civil servant who taxes and spends the proceeds for "social purposes", he seizes to be manager (Milton, 1970).
In his article, he explained that w...
In his article, he explained that we act as consumers to get what we want for ourselves and we act as citizens to achieve what we think is right or best for the community (Sagoff). This implies that when we will think of national goals, they will go beyond our self-mere interest. Based on this distinction there will be a significant ethical difference between risk that is taken by the consumers (who chooses smoking) and risk that is imposed on them as citizens (subjected to the radioactive waste). Therefore in view of the cost benefit analysis, which sides the consumers, is not an adequate solution to address environmental concerns as it does not allow us "to have power to act as a nation", because we are not "able to acton a public philosophy, conviction, or faith" (Sagoff).
3.2 Name three steps along the roadmap Lovins, Lovins and Hawkin describe.
The first step is to dramatically increase the productivity of natural resources by reducing the wasteful and destructive flow of resources from depletion to population through fundamental changes in both production design and technology. The second step is the shift to biologically inspired models where systems can be designed to eliminate the use of toxic materials, which can hamper nature's ability to reprocess materials (closed-loop manufacturing). The third step would be a move to a solutions-based business model where the new relationship from this model of delivering value as a flow of service will align the interest of providers and customers in ways that reward them for implementing the first two steps.
4.1 What are Reich's arguments against corporate social responsibility Make a list, with one sentence summarizing each.
"1. Why the interest" describes the increase of interest in "corporate social ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Social responsibility of businesses Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Social responsibility of businesses Essay Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/miscellaneous/1501025-social-responsibility-of-businesses
(Social Responsibility of Businesses Essay Example | Topics and Well Written Essays - 1000 Words)
Social Responsibility of Businesses Essay Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/miscellaneous/1501025-social-responsibility-of-businesses.
“Social Responsibility of Businesses Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/miscellaneous/1501025-social-responsibility-of-businesses.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Social responsibility of businesses

Does the assumption and implementation of corporate social responsibility makes businesses more successful

...?Does the assumption and implementation of corporate social responsibility makes businesses more successful? Introduction and Background Corporate responsibility in the most comprehensive form is how companies manage their businesses to form a more positive impact on the society. It encompasses two broad views in general. The first one is that the companies share the wealth they create with either the society they operate in or other under privileged societies. The other is managing their activities in a more ethically and morally responsible way. It is the voluntary exceeding of the society's expectations of the business and it is agreed that it is majorly affected by how the company manages its core businesses. (Baker) Corporate Social...
5 Pages(1250 words)Essay

Social Responsibility

Organizations that follow CSR policies recognize their responsibility towards the society in which they operate. Although they operate with profit motives, their sole objective behind running the business is not maximizing profit. A company cannot run without the support of the community and it can only grow when it takes such steps that would improvise the status of the society as a whole. Every organization feels an obligation towards fulfilling the demands and well being of its customers, welfare of its employees, profit of shareholders and the interests of the whole community (Hassan & Harahap, 2010). Besides, the company also has a responsibility towards the environment. They have to make ecological considerations in all the...
5 Pages(1250 words)Research Paper

Will Corporate Social Responsibility Continue to Be Ignored as Businesses Try to Get out of Crisis

... Will Corporate Social Responsibility (CSR) continue to be ignored as businesses try to get out of the economic crisis? Introduction Economic crisis refers to the condition where the resources such as an employee and wages have gone higher due to increased cost of living, increased cost of doing business, the rapidly fluctuating value of the world currencies such as the dollar among others. As a result of this phenomenon, most businesses are evidently finding their operations significantly affected. As a result, there have been increased retrenchments and forced retirements together with massive lay-offs by the corporate, and even some opting for austerity measures. Some companies and businesses, which used to participate in the charity...
8 Pages(2000 words)Research Paper

Social Responsibility

1. Smith Benefits of the Profit Motive) himself s that he has “never known much good done by those who affected to trade for the public good” and calls it an “affectation [indeed] not very common among merchants” (159). Is Smith stating that it is okay for companies to ignore the greater good…to ignore responsibility to their common man in order for the profit motive to be increased? Why or why not?
I believe that Smith is saying that doing business is not the same as doing charity, but I think he means to say too that it is possible to do business without harming the public good, because this is also bad for business. When Smith says, he has “never known much good done by those who affected to trade for the public good” a...
1 Pages(250 words)Essay

How and Why Are Ethical Concerns and Corporate Social Responsibility Impacting Businesses in the UK

... Business in Focus How and why are ethical concerns and corporate social responsibility impacting businesses in the UK? Introduction Ethical responsibility and corporate social responsibility have become buzzwords for modern business enterprises but in the present day and age, a company has to do a lot more than simply pay lip service to social causes. The relative ease with which information can be distributed and shared between individuals, especially in developed nations like the UK, makes it impossible for a company to hide something for long. If there are any skeletons in the closet, sooner or later they come out and hurt the company in more ways than one. A Historical Example Corporate social responsibility is important...
7 Pages(1750 words)Term Paper

The Real Face of Corporate Social Responsibility

Effective communication is an important tool that has wide-ranging influence in the smooth functioning of corporate bodies. The role of corporate communicators is significant in the administration of the organization and projection of the organization’s aims and objectives in the eyes of the public and stakeholders.

Corporate communicators normally use a variety of techniques to communicate with different people. The administrators and managerial staff use effective communication to disseminate information about the changes that need to be made and make special efforts to create a barrier-free work environment. The barrier-free atmosphere and friendliness testify mutual respect and easy accessibility of management...
9 Pages(2250 words)Assignment

Social Support to the Functional Health of Older Adults

For example, it has been said that when you are a participant of a certain senior center, the possibility of you getting mental complications as well as other health complications is uh-heard of (Glass, T. A. 1999 p.479).
In this regard, this paper will asses the impacts of attending a seniors center and whether attendance is better than not attending when one becomes old. Comparisons between the two will be carried out and will base on the following,
The elderly are people who have gone through a series of steps in life from a state where they are stable in terms of health and independence in the day to day running of their lives to a state of increased vulnerability, dependence and recurring illnesses (Jeremy, M. 2008...
8 Pages(2000 words)Case Study

Social Theory in a Globalizing Age

A comparison between the followers of social theories and the followers of natural sciences (physics and chemistry) revealed that unlike followers of natural sciences social theorists don’t use any techniques to show the exact knowledge or skill. Instead, they prove their work or idea by suggesting a possible way of explaining the facts or arguments usually called hypotheses (Lemert, 2004).
By hypotheses, social theorists cannot easily prove their argument at a time but they require time to prove it. Social theorists are normally criticized for using the hypotheses. Deconstructionists or postmodernists, rigidly critical theorists, disagree with the criticism by mentioning that any research methodology is not 100% pure a...
10 Pages(2500 words)Assignment

The Social and Cultural Contexts of Deviance

Generally, deviance is a behavior that is seen as harmful, disruptive, or criminal. However, it may come as the result of being statistically unique. This brings into question whether there can be positive deviance. For example, if a student got straight A+ grades, the Underachievers Club may view them like a deviant. As a group, they may place sanctions on them above and beyond what they would the average student. This illustrates the concept that deviance must be seen through the lens of the social or cultural context that it takes place in (Keel, 2008).
Social norms are the types of behavior that are established and maintained by society and are considered to be acceptable. Because deviance is the transgression of a norm a...
9 Pages(2250 words)Literature review

School Social Worker in Special Education

Social workers are required to understand the diversity of families and help individuals and families cope with the implications and impacts of learning disabilities, physical or cognitive problems. Individual treatment may be required in a safe environment and relationship in which to deal with issues. The work of the school social worker in special education is related to a diverse number of areas, in which he/ she is required to fulfill various roles and responsibilities (Turner, 2005).

Approximately one-half of school social workers are found to be practicing with elementary school children. School social workers support and help to prevent future problems by intervening with at-risk children during elementary schoo...
11 Pages(2750 words)Case Study

Decision Making in Health and Social Care

Consumer sovereignty principle illustrates the fact that in a free market economy the consumer is free to consume what he wants. However, the consumer’s sovereignty does not have meaning if he/she is unable to buy what he/she wants. This paradox is solved through government intervention in the provision of those merit goods such as health care and education. On the other hand, agency theory indicates that conflicts between principals (e.g. shareholders or owners) and agents (e.g. managers) occur as a result of the latter misrepresenting facts and misinterpreting information so that resources can be diverted to uses which they regard as more lucrative. Since principals cannot themselves carry out the task of managing the busi...
8 Pages(2000 words)Case Study

Management: Social Responsibility and Ethics

When we speak about business management, most people talk about the core business functions like strategies, products, training & development, management of various departments of the business like marketing, production, planning, etc. Social responsibilities and business ethics are the least communicated topics in the business community because of the least preference given to the non-productive sectors by organizations. Most of the greedy organizations spent millions on the research and development for improving their competitive power in the business world, but they often keep a blind eye towards their responsibility towards ensuring proper ethical standards in their business activities. Organizations that underestimate the...
6 Pages(1500 words)Coursework

John Rawls vs Robert Nozick: Social Justice

It is logical to look at political philosophy within the framework of history and ethics emerging from it. As could be observed, the question of justice, and how we perceive its nature has remained the prime concern throughout history. This will include, among other things, the existence of specific obligations towards each other and towards the state, the existence of natural rights, claims of property/liberty and equality.

In face of this, the Anglo-American political philosophy has seen famous philosophers like John Rowels, Robert Nozick and recently Amritya Sen to focus on issues and arguments concerning the above...(political Philosophy, 2005 pp1)

As political philosophy is about politics mainly, it s...

6 Pages(1500 words)Coursework

Contrast of Two Explanations of Social Disorder in Contemporary UK Society

As the process of urbanization takes off and more people start residing in major cities, the fissures start to appear within the apparent harmonious co-existence. There are several reasons why disorderly conduct on part of individuals and groups takes place. Sociologists have proposed numerous theories explaining this phenomenon.

Erving Goffman was an astute observer of society, who immersed himself in the social environment which he was studying. He carefully observed and recorded the ways in which people’s behavior and interpersonal interactions are carried out in everyday life. He notes that “people perform their social roles and, as they do so, they produce social order through their actions and the regu...
6 Pages(1500 words)Article

Principle of Mutual Responsibility of Disclosure

... Mansfield. Lord Mansfield though rejected Carter’s claim for not having disclosed the material facts, he cited an example of the insurer insuring the ship knowing full well that it had already arrived. He observed that good faith prohibited either party from hiding the fact so as to tempt the other into a bargain. The principle of mutual responsibility of disclosure was challenged by the underwriters in Banque financiere de la Cite SA v Westgate Insurance Company Ltd2. Although a non- marine case, it may be relevant for the purpose of utmost good faith principle. A group of banks advanced monies to four companies represented by one Mr Ballestro on the basis credit insurance policies. The gemstones deposited as security for the loan turned...
6 Pages(1500 words)Case Study

The Increasing Competition in Corporate Social Responsibility Among Businesses

... Corporate Social Responsibility as defined by Kotler & Lee (2005, pp.3) is a commitment of organisations to develop the well-being of community through discretionary business activities and contributions of business assets. The three pillars of sustainable development are economic growth, ecological balance and corporate social responsibility and Business for Social Responsibility (BSR) defines corporate social responsibility as a manner through which a business operates to meet or exceed the legal, ethical, commercial and public expectations regarding a business (Boeger, Murray, Villiers, 2008, pp.92). The growing investments of large corporations in social programs and their environment related scandals in the developing economies...
10 Pages(2500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Social responsibility of businesses for FREE!

Contact Us