Arguments for and Against Corporate Social Responsibility Essay examples

Words: 982
Pages: 4
Open Document
What is corporate social responsibility? Give arguments for and against social responsibility?
Ans. Social Responsibility Social responsibility can be defined as: “A business’s obligation to follow goals that are good for both organization and society in the long-term, and are not required by law.”
Corporate Social Responsibility The term "corporate social responsibility" came in to common use in the early 1970s. It means the duty of an organization towards society in order to prove itself responsible about its actions and their effects on environment, community and external stakeholders. It means that an organization is responsible for all its action towards the people who are affected by its actions and processes. Therefore, …show more content…
Those who say that organization should not be socially responsible state that such activities increase the cost of doing business. As one of the major goals of a business is to reduce the costs, such practices are in opposition with benefit of business owners. For example, investing in a production plant which emits less carbon to the environment needs higher expenses as compared to the normal, cheap plant but is dangerous for environment is a question for managers.
3- Social Responsibility and Ethics Organizations should not be involved in any kind of practices which may give rise to the feeling of inequity and unfair actions in society. Discrimination based on gender, race and nationality is one major action which is considered as the social responsibility of organizations. When giving promotions to employees, every person should be given an equal chance to advance in the career and should be treated fairly. The proponents of corporate social responsibility also admit the fact that the organizational practices should be ethical in nature but to a limited extent. The practices should not harm anyone but should place organizational interest before the community interest.

4- Social Responsibility and Environment A corporation must produce goods and services that are beneficial to society while making sure that the processes of production also avoid damage, such
Show More

Related Documents: Arguments for and Against Corporate Social Responsibility Essay examples

Essay on Corporate Social Responsiblity

that contradicts that the responsibilities of business management are generally interpreted as an assertion in favor of profit above all. For many, the view that purpose of a corporation is to make a profit for stockholders is beyond debate and is accepted as a matter of fact (Arnold, Beauchamp & Bowie 2013). The classic view or observation to any corporation is that their primary goal is to maximize profits and Friedman’s theory argues for that view. Friedman has two arguments for that theory; first…

Words 1456 - Pages 6

Limited Liability Company Case Study

rights and responsibilities like a regular person. It is so distinct that the shareholders cannot sue it. This feature makes it so powerful because they can improve productivity and they possess the legal rights of a human without the biological disadvantages. They cannot die of old age or get married and bear children. It has no body to be punished nor a soul to be condemned (Wooldridge, 2003). The Romans were believed to have come up with some of the fundamental concepts of corporate law, including…

Words 2205 - Pages 9

CSR Report APRIL6 Yousef Essay

Overview of Corporate Social Responsibility 3 Archie Carroll’s Pyramid of Corporate Social Responsibility 4 Advantages of Corporate Social Responsibility 4 Innovation 5 Cost Savings 5 Long-Term Thinking 5 Public Image and Brand Differentiation 5 Employee Engagement 5 Arguments against Corporate Social Responsibility 6 Misalignment with Profit Maximization 6 Accountability and Green-washing 6 Business Mandate and Skill Set 7 Issue Statement 7 Stakeholders 7 Aritiza’s Current CSR Strategy 8 The Social and…

Words 8336 - Pages 34

By Using Corporate Social Responsibility (Csr) the Tobacco Industry Is Seeking to Change Their Unethical Public Image. Evaluate This Strategy Using Three Ethical Principles of the Global Business Standards Codex. Essay

The tobacco industry’s use of corporate responsibility to change their unethical public image is ineffective and disingenuous, as they are simply using this strategy as a defence against public disparagement. The farming and production of tobacco carries widespread environmental impacts which are damaging to the surrounding ecosystems and natural processes…

Words 3160 - Pages 13

Essay on Corporate social responsibility

Corporate Social Responsibility (CSR) Corporate social responsibility (CSR) is increasingly discussed and recognized as essential as to existence of the corporations. In this contemporary world corporations are expected to report not only their accounting profits but also their social and environmental responsibility. Corporate social responsibility reporting is an emerging field at the global level, which is on its way of gaining its position as a mandatory business practice. However many of the…

Words 1812 - Pages 8

Essay on The Jack Welch Era at General Electric

dominated by service business. As such a big company who was running businesses for decades, GE has a lot of social responsibilities. Corporate social responsibility is the duty of a corporation to create wealth in ways that avoid harm to, protect, or enhance societal assets. I will analysis the social responsibilities of GE from the following aspects. First of all, GE had economic responsibilities to society and GE did well on it. GE paid taxes—5.7 billion in 2000. Taxes can be considered as the major…

Words 1008 - Pages 5

If A Business Wants To Maximise Profit

maximise profit, it cannot be concerned with corporate social responsibility’ Throughout time, humans have continually expressed the fears and concerns of their era through different forms of expression. These concerns have highlighted the plights and struggles of generations and give an understanding to their views of topical issues of their time. An issue prevalent today within our fast-paced and rapidly expanding society is one of Corporate Social Responsibility, with booming organisations finally having…

Words 1625 - Pages 7

David Friedlen Case

reimbursement companies and an employee, David Friedlen. Friedlen was pressured into signing a non-compete clause for Runzheimer and then fired two years after signing. He then took a similar position at Corporate Reimbursement Services. Runzheimer filed a law suit against their former employee Friedlen and Corporate Reimbursement Services over weather consideration to continued employment is considered to continue a non-compete clause. Frindlen, although pressured into signing the clause, though that he would…

Words 287 - Pages 2

Strategies for Success Essay

Ethics and Social Responsibility Ethics and Social Responsibility although different in definition, are equally important to an organization in developing a viable strategic plan. The plan is vitally important to the success of the organization; the key variable in developing a strategy with potential success is the consideration of how the strategic plan affects stakeholders. This brief ethics and social responsibility essay highlights ethics and social responsibilities role in developing the…

Words 767 - Pages 4

Business Ethics Paper

behavior by organizations in both their strategy formulation and day-to-day operations. An ethical approach is becoming necessary both for corporate success and a positive corporate image. Following pressure from…

Words 1837 - Pages 8