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

Describe legal system incentives for social responsibility - Essay Example

Cite this document
Summary
Corporations across the globe seek to present an image to the world of what and how they are contributing to the society apart from churning up revenues. They present to the world a picture of their contribution to the society in form of a good deed named –Corporate Social…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.8% of users find it useful
Describe legal system incentives for social responsibility
Read Text Preview

Extract of sample "Describe legal system incentives for social responsibility"

Describe legal system incentives for social responsibility ID Lecturer Corporations across the globe seek to present an image to the world of what and how they are contributing to the society apart from churning up revenues. They present to the world a picture of their contribution to the society in form of a good deed named –Corporate Social Responsibility. In order to develop a CSR program, Economies of scale also have to be considered, for such efforts can never be demonstrated to improve social welfare, which are not favourable for the organization fiscally.

Getting people to do a responsible act can be a task unimaginable for any state and government or for that matter the power that may be (Sims 2003). It is therefore very essential that such matters are create that can prompt people to act in a responsible way. This can be done through the process of legal incentives.What this essentially means is that you give people certain advantages for doing something for the welfare of the society and the general public. These incentives can vary in their shape and form (Ibrahim 1993).

An example can be taken from the field of Architecture, in many of the projects in New York City; legal incentives were given to developers in the form of added flow space. However, what was required from them was to give public spaces in the form of plazas; which can act as breathing spaces in the urban jungle of concrete.Other incentives can be given in the form of honorary titles, awards and bonuses depending upon the nature of activity. Generally it is not very favourable to give volunteers financial gifts, just to respect the nature of volunteering, which is based on good will rather than expectations of a monetary gain.

Apart from the proceeds in from of intangibles gained by the organizations that practice CSR, monetary returns are also of great value, which are derived from the good will created by inculcating the socially responsible behaviour in the system.Further incentives can be given to people who work with the law enforcement agencies for curbing the ever increasing crime rates of the cities. Some of these incentives can be in the form of providing people support in the latter stage of their lives that may include putting them up in old ages/retirement homes which can be facilitated by the government (Karake-Shalhoub 1999).

On a personal level unemployed young individuals can gain a lot from fulfilling their social responsibility. This will enable them to acquire confidence, self-esteem and they will be able to develop or enhance certain skills, which will eventually prepare them for employment.It is high time that the govt starts involving people in many of the issues that surround us today. The governments are no longer in position to solve all the issues on their own, considering the current economic and political situation.

By making common citizens’ volunteer in social work, will allow them to activate their social life, assemble social groups by interacting with other members of the society. All of this eventually will craft a responsibility within individuals to come together and resolve social issues. ReferencesIbrahim, N (1993). Social Demand and Corporate Supply: A Corporate Social Responsibility Model. Review of Business, Vol. 15Karake-Shalhoub, Z (1999). Organizational Downsizing, Discrimination and Corporate Social Responsibility.

Quorum BooksSims, R (2003). Ethics and Corporate Social Responsibility: Why Giants Fall. Praeger

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Describe legal system incentives for social responsibility Essay”, n.d.)
Describe legal system incentives for social responsibility Essay. Retrieved from https://studentshare.org/miscellaneous/1565093-describe-legal-system-incentives-for-social-responsibility
(Describe Legal System Incentives for Social Responsibility Essay)
Describe Legal System Incentives for Social Responsibility Essay. https://studentshare.org/miscellaneous/1565093-describe-legal-system-incentives-for-social-responsibility.
“Describe Legal System Incentives for Social Responsibility Essay”, n.d. https://studentshare.org/miscellaneous/1565093-describe-legal-system-incentives-for-social-responsibility.
  • Cited: 0 times

CHECK THESE SAMPLES OF Describe legal system incentives for social responsibility

Asian Management Improvements

Under these terms, SOEs are subjects either to the line system (depended on the central industrial ministry) or the block system (representing the local government institutions).... The role of the management team to the performance of the above organizations has been considered as significant, however the presence of particular elements (like the close dependency from the central government or the use of a highly bureaucratic system when applying the managerial plans in practice) often create a net of negative influences to the management's daily operations....
10 Pages (2500 words) Essay

Definitions and Impact of Collectivism and Individualism

Several models are used to demonstrate individualism, including the ontological… model which states that social science is reduced to individual actions and decisions; and the methodological model which states that individuals should be left alone to determine their own financial and ethical matters for the future (the politics of individualism). "Back in Now we are told we must collectivize the nation because the people are so rich.... A well-known Scottish hedonist and individualist by the name of John Stuart Mill, who was born in London, had a belief system that is still considered a standard in group psychology to this day....
20 Pages (5000 words) Essay

The Use of a Utilitarian Philosophy

Utilitarian Philosophy as a checkmate or balancing system for putting Business Organizations in the right perspectives about their legal, social, economic and moral obligations as far as consumers' rights and well-being are concerned.... Do these organizations offer any social goodness to the people in the community they serve?... Definitely, governments set up ethics and codes of practices to checkmate overt desires to maximize profits, undermine people's social and moral aptitudes and fundamental rights by requiring that business organizations carry out their business functions in a manner that would not harm people's lives (Goodin, 1995)....
4 Pages (1000 words) Research Paper

The Analysis of the Nestfree Limited

The economic system followed in China is a modern one which is supported by a strong financial services sector.... The stability in the political environment is brought about by the one party system which results in lower arguments and therefore, greater peace.... The political risk involved is quite low however; lower transparency in legal and regulatory policies is a big hurdle for foreign companies....
6 Pages (1500 words) Essay

Social Welfare, History, Values and Beliefs

Europeans including Irish, English, Scotts and Welsh bear great responsibility for influencing the initial shape of the American society.... The world characterizes with diverse econmic, social, cultural and geographical phenomena.... hellip; As the report, social Welfare, History, Values and Beliefs, stresses the western culture has for long empathized individualism while the eastern culture emphasizes collectivism.... America is an ethically and racially diverse society with unique music, cultural, folklore and social practices....
9 Pages (2250 words) Essay

Project in Finance and Accounting

To fulfill our responsibility, we maintain comprehensive systems of internal control designed to provide reasonable assurance that assets are safeguarded and transactions are executed in accordance with established procedures.... They also said that by fulfilling their responsibility they can maintain the systems under internal control also to provide reasonable assurance that safeguard transactions.... Audit Committee: Copy and paste the responsibility of Audit Committee in the firm's DEF 14A proxy statement....
14 Pages (3500 words) Essay

Ethics, Social Responsibility, and Accountability in Business

The paper “Ethics, social responsibility, and Accountability in Business” concerns complex debate of those concepts' role taking into account increasing of international trade towards a collaborative movement of investment and environmental issues as opposed to merely focusing on economic benefits.... oreover, appurtenant to this is the fact that the principle of sustainable economic development and simultaneous integration of environmental concerns in international trade and investment has propagated debate with regard to the tradeoff between economic benefits vis-à-vis ethical and environmental problems in international trade and global corporate social responsibility....
19 Pages (4750 words) Coursework

Ethical and Legal Concepts Required of HCO

hellip; The paper will review literature sources on patient safety and high-quality health care delivery, present the statistics and magnitude of the issues affecting the area, and analyze the ethical and legal concepts that may be essential to the healthcare organizations, which protects the safety of the patients.... he paper will review literature sources on patient safety and high-quality healthcare delivery, present the statistics and magnitude of the issues affecting the area, and analyze the ethical and legal concepts that may be essential to the healthcare organizations, which protects the safety of the patients....
10 Pages (2500 words) Research Paper
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.
Contact Us