CORPORATE SOCIAL RESPONSIBILITY According to my point of view‚ the writer of this article makes a controversial argument against Corporate Social Responsibility. He defines Corporate Social Responsibility as the increasing popular idea. His basic argument against this idea is twofold. First he argued that if profits and public interests are aligned‚ Corporate Social Responsibility is irrelevant. But I think that Corporate Social Responsibility is not irrelevant. The fact that making a profit can coincide
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Social responsibility means that organizations are part of a larger society and are accountable to that society for their actions. Like ethics‚ agreement on the nature and cope of social responsibility is often difficult to come by‚ given the diversity of values present in different societal‚ business‚ and corporate cultures. There are three concepts of social responsibility which are profit responsibility‚ stakeholder responsibility‚ and societal responsibility. Profit responsibility holds that
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Obstructive Stance A company that takes an obstructive stance toward social responsibility attempts to defend its economic priorities by blocking any attempts to point out the company’s lack of social responsibility. An obstructive company does not make social responsibility an effort‚ instead making profits the most important aspect of its business. Some people view obstructive businesses as immoral since they may exploit their employees‚ pollute natural lands or deceive customers.(Breann Kanobi
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1.7 Outcome Oriented Outcome oriented is one of the entrepreneurial traits that highly needed and applied to run the business by the entrepreneurs. Outcome Oriented also known as result oriented. The meaning of outcome oriented is emphasizing on the results and outcomes rather than the process to meet the outcomes (Management Transitions‚ 2012). The entrepreneurs who have this trait will concentrate on outcome‚ achievement‚ result and action as an important value. A good example entrepreneur who
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modern society‚ although there is no general common sense of what constitutes of Corporate Society Responsibility (CSR) and how much of it requires to firms‚ it is quite necessary for managers to have a better understanding of CSR and carry it out. Similarity‚ stakeholders also need to know it well. In early research on CSR‚ it was referred that the firm paid more attention to social responsibility (SR) than CSR (Carroll ‚1979). The reason can be that the firm’s dominance in the business has not
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2) What are the 4 types of corporate social responsibilities by business and should all organizations practice all 4 types? Why or why not? • Economic responsibility- is to produce a product that society wants at a price that the organization will profit to satisfy investors. They may also need to offer certain products at a reduced price for needy customers • Ethical responsibility- meeting other social expectations not written as law. • Legal responsibility- to obey local‚ state‚ federal‚ and
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The Case Against Corporate Social Responsibility Dr. Karnani shows in this article from the Wall Street Journal‚ the pros and cons on whether businesses should be required to implement social welfare initiatives. For some companies‚ this idea is a win-win situation but there are other businesses that in order to promote these initiatives‚ they would have to lose profits. The idea of people helping people sounds very good but we have to be realistic‚ we are living in a capitalist country
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The current state of Company Q’s attitude toward social responsibility is by far obsolete. The sheer fact that the company would rather throw away good product then help the community not only gives the community a clear view that they do not matter but it also shows that the company is more about their bottom line then fostering a community. Also the fact that Company Q has closed stores due to loss of revenue shows that they did not house products that section of the community caters to. A higher
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Against Corporate Social Responsibility The idea that companies have a duty to address social ills is not just flawed‚ argues Aneel Karnani. It also makes it more likely that we’ll ignore the real solutions to these problems. By ANEEL KARNANI August 23‚ 2010 Can companies do well by doing good? Yes—sometimes. Journal Report Read the complete WSJ Executive Adviser report . But the idea that companies have a responsibility to act in the public interest and will profit from doing so is
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The global financial meltdown uncovered many social norms previously unimagined. The number of people who lost their jobs due to the financial situation is appalling. Interestingly‚ this does not mean that multi-national corporations are necessarily suffering. Most of the established companies with branches all over the world took the excuse of the financial breakdown to benefit. All of a sudden‚ it was okay to lay off people on the pretext of financial gloom. This means that a few people were benefiting
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