Corporate Social Responsibility Ethical Responsibility

Corporate Social Responsibility: Should we, or should we not. Corporate Social Responsibility (C.S.R.) is a theory practiced in the business sphere since fifty years. It refers to the duty of business organizations to adopt certain activities that will benefit the society in some way. Charity, health-awareness campaigns are few examples that a business undertakes to fulfil its objectives of C.S.R. According to this ideal, it is important for various corporations today to undertake such social activities, apart from merely focusing on their objective of profit maximization. But, is it an obligation that is most important than other objectives of business? This thought further leads us to another significant question – In contemporary settings, should corporations be guided by the concept of C.S.R.? â€Å"Businesses are owned by their shareholders - money spent on CSR by managers is theft of the rightful property of the owners-This is the voice of the laisser-faire 1980s, still being given powerful voice by advocates such as Elaine Sternberg. Sternberg argues that there is a human rights case against CSR, which is that a stakeholder approach to management deprives shareholders of their property rights.† (mallenbaker.net). This is one of the opinions which is against the concept of CSR which blames this theory for violating human rights of shareholders. Moreover, Lantos (2001), in the article ‘The boundaries of strategic corporate social responsibility’, while in agreement with theShow MoreRelatedCorporate Ethical And Social Responsibility996 Words   |  4 PagesCorporate Ethical and Social Responsibility – Apple Company Apple Company is one of the largest manufacturers of computers and electronics. â€Å"Apple Company was founded on April 1, 1976, by college dropouts Steve Jobs and Steve Wozniak, who brought forth a new company vision of changing the way people, viewed computers† (Library of Congress, 2008). The ethical and social responsibility of Apple Company should have started with its inception; however, it did not. It was not until years later with theRead MoreCorporate Ethical and Social Responsibility2423 Words   |  10 PagesBusiness Research Report Corporate Ethical and Social responsibility Presented to: Western Governors University Assessment Code: RWT1 – Competency 318.2.2 Student Name: Richard P. Shields Student ID: 92502 Date: August 7, 2009 Mentor Name: Rungrudee Suetorsak, Ph.D. Table of Contents Executive Summary 3 Introduction 4 Research Findings 5 1. Organization Environmental responsibilities: 5 2. Organizational image: 5 3. Organization Increase profits: 6 Recommendations 7 ConclusionRead MoreThe Ethical Standards Of Corporate Social Responsibility1126 Words   |  5 Pagesin corporate social responsibility for the fifth consecutive year (Orwell, 2014). Known for its exorbitant executive salaries, â€Å"golden parachutes†, and lavish management perks during the infamous financial bailouts of 2009, AIG still struggles to regain consumer confidence (Orwell, 2014). Multiple corporations grapple with how to meet the ethical standards of corporate social responsibility in today’s global economy. 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Within this idea and practice of Business Ethics, is the ethical framework of Corporate Social Responsibility. This idea suggests that companies have an obligation to act in such a way that it benefits society at large. This idea works best when a company takes a positive and voluntary approach. In many cases, we see companies struggleRead MoreEthical Policies Vs. Corporate Social Responsibilities1238 Words   |  5 PagesEthical policies vs. Corporate social responsibilities In ordinary life Ethical policies and CSR actions are commonly used and have certain overlapping, but there are contradictions between the two [1]. Ethical policies Let us come to general meaning of ethics. It is much dependent on individual’s inner voice, individual’s conduct of what is great or awful and senses make use of right or off-base. Presently apply this as business definition, the ultimate goal of the company is to make profitsRead MoreEthical Decision Making A Good Corporate Social Responsibility938 Words   |  4 PagesIn today’s busness world, ethics must be considered in order to keep organizations in good social standing in their industries and in society. Hobby Lobby founder David Green insist that stores are closed on Sundays to allow employees time for family and worship (Green, n.d.). Critics say that believers and employees may be happy with the policy, but the store is losing business to competitors who remain open on Sundays and for longer hours. This might be true but it is not important to Mr. GreenRead MoreCorporate Social Responsibility : A Business Model And Manager s Ethical Values999 Words    |  4 PagesCorporate social responsibility is an ethics that is concerned with a company’s value towards society (Daft, 44). In the book management Daft states, CSR as essentially a concept under which companies voluntarily contribute towards making a better society and a cleaner environment. The book basically has divided CSR into four subdivisions: economic, legal, ethical and discretionary responsibilities. CSR needs a proper organizational environment to be effective and in such a scenario one can say thatRead MoreEthical Issues Of Walmart s Corporate Social Responsibility Using The Four Part Csr Model1052 Words   |  5 PagesWhat are the major ethical issues in the case? One of the most prevalent ethical issues in the Walmart case is their labor practice. There are several violations against Walmart regarding wages and work hours of its employees. â€Å"Its labor practices have been increasingly questioned. THe company has been accused of paying wages so low that workers cannot live off them, making employees work ‘off the clock’ without overtime pay, paying few and low benefits, and taking advantage of illegal immigrants†Read More: Critically Evaluate Corporate Social Responsibility as an Ethical Tool Basing Some of Your Argument on the Toyota Case Study1711 Words   |  7 PagesWhat Corporate Social Responsibility is Corporate Social Responsibility can be defined has an obligation beyond that required law and economics , for a firm to purse long term goals that are good for the society. This entails the continuing commitment by business to behave ethically and contribute to economic development while improving quality of the workforce and their families as well as that of the local community and society at large. Bhatia (2004) defined corporate social responsibility as a