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Corporate social responsibilty - Assignment Example

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Summary to assignment on topic "Corporate social responsibilty"
Corporate social responsibility is defined as the obligation of any corporation to create wealth by means that would not cause harm to the society’s assets and in turn protect and enhances them. As the President and CEO of Ski-in Inc., a manufacturer of ski apparels for both…
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Download file "Corporate social responsibilty" to see previous pages... The program towards social responsibility would include higher job creation and greater products through market action (Steiner, 2009, Chapter 5). The Bill and Melinda Gates Foundation, for instance, is built to source the fortune of Microsoft towards improving education and helping poor people suffering from neglected diseases (Steiner,
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chapter 6).Likewise, Ski-in Inc. has plans of having an annual donation scheme for two orphanages in one of the developing countries of Africa. The social costs or the negative externalities on the society are to be minimized through environmental friendly products. A new section of apparels would be launched that would be bio-degradable. Moreover, ways to recompense the pollution and harm inflicted by the production process are in progress. For every bio-degradable apparel sold, Ski-in will plant one tree. Since, our products have a considerably good market; this program is going to benefit our organization and also the environment. However, the main function of the corporate is not social charity but profitability. Nevertheless, involving in controversies like that of Nike with respect to its labor practices and social duties and General Electric Company under CEO Jack Welch need to be avoided (Steiner, 2009, chapter 6). Hence, the idea is to make innovations and create profits through environmental protection and social enhancement.
Greater production would create jobs in the society and help reduce unemployment. It would also generate higher corporate taxes that would benefit the society. Pumping in more products would serve the consumers and give them greater satisfaction. Thus, the utility of the consumers would increase. Also planting trees would help in the reduction of carbon dioxide in the atmosphere and hence help to curb global warming. However, these programs would take time to materialize and incur costs both in ...Download file "Corporate social responsibilty" to see next pagesRead More
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