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Section 2 of principles of corporate social responsibility

Section 2 of principles of corporate social responsibility - Essay Example

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The majority of the global financial wealth is in the hands of multinational corporations. Due to the influence that business have on society people expect more out of corporations…

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Section 2 of principles of corporate social responsibility

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Subject: Miscellaneous
Type: Essay
Level: Undergraduate
Pages: 4 (1000 words)
Downloads: 2
Author: rosettacasper

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ocial responsibility can be defined as continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as the local community and society at large (Baker). As a person that values the benefits that businesses bring to our community I am motivated by companies that do the right thing. I once worked in a company that was very involved in the community. Employees were encouraged to participate in community service.

The firm would provide economic incentives for people that wanted to get involved in the community. Employees were eligible to get paid their normal day salary for doing community service once a month. Maslow’s hierarchy of needs model help me understand the things that motivated people and me. When I worked in a homeless shelter I realized the importance of first order need of physiological. These poor people were very motivated when they received a meal from the shelter. The third need in Maslow’s pyramid is social.

When I was working for a Saudi Airline I was motivated by my manager due to the fact that we talked about different things with each other. Corporate social responsibility is a strategy that must be implemented in order to comply with the expectation of the customers. Back in the 1990’s the apparel giant Nike Corporation got involved in some bad business practices. The firm established several sweetshops in developing countries. A sweetshop can be defined as a business establishment that makes its employees work under harsh and hazardous conditions and pays only minimal wages that are barely enough for the employee to meet its physiological needs (Businessdictionary, 2010).

When the scandal was reveal to the general public Nike took a big hit. The firm lost millions of dollars in revenue due to the bad press it received in the aftermath. Despite the rotten apples that exist in the corporate world there are many companies that

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