Why companies can no longer afford to ignore their responsibilities?

When it comes to the business, nothing is to be assumed in the 21st century, as there are more variables that organizations have to consider than just the contemporary demand and supply needs. Business in the 21st century relies on the research rather than availability of the market. While considering the manufacturing of products, the customers to buy the products are available but buying the products depends on a number of other variables. Reflecting on the energy used, most companies have to be keen on the amount of carbon dioxide released by the type of fuels they use or risk fining by regulation bodies. This movement towards responsible behavior by companies has been debated for a number of years while some people disregard the responsibility by companies as corporate suicide (Tine 2012). Reviewing the article, Why companies can no longer afford to ignore their responsibilities, it is noticeable that various people with various qualifications in business and economic administration have disregarded this aspect of business operations (Tine 2012). For example, Nobel laureate Milton Friedman argued on a published article that corporate social responsibility was a hypocritical window-dressing. The assumption that Friedman was immensely misinformed may fall short of proving beyond reasonable doubt, but his argument cannot be substantially true. Social responsibility is not an event that business organizations invite people to feel cared for; instead they are aspects that affect the society as a whole. In another example Eric Orts, a professor of business ethics and legal studies, argued that corporate social responsibility was an idea that needed upgrading as it was the old-fashioned one. With regards to Eric’s argument, it is clear that people are starting to realize that CSR is a requirement that various organizations needed to incorporate into their operations before things could escalate further downwards (Arendt & Brettel, 2010). However, without