corporate responsibility

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Introduction In an atmosphere where the number one priority is to make as much money as possible, many question rather or not corporate responsibility is possible. Corporate responsibility represents “a corporation’s social and environmental obligations to its constituencies and greater society (Argenti 2013).” In a profit driven environment, there are several factors that can influence or encourage corporations to also consider greater society in the course of their decision making and subsequently in their priorities as well. The process in which corporations make these decision or the deterring elements that show corporations effect on the community that it serves or the community surrounding it, is a viable realm of analysis in the discussion of corporate responsibility. An article perfectly explicates the Corporate responsibility as, “The notion of corporate social responsibility (CSR) is not new in our society. It was born when corporations were born and societies to accommodate them. The ‘soul’ of corporate social responsibility is what the French philosopher Rousseau understood to be ‘the social contract’ between business and society (Bichta 2003).” Rosseau conceptualizes corporate social responsibility as a relationship between business and society. Therefore, iterating that the emphasizing the relationship as a contractual social agreement or as he puts it “the social contract understands men (Social members) as being able to act freely in a civil society that is unity by a general will.” Furthermore, a relationship between the two that pledges to do good in order to benefit both. Within the course of study there are main tenants that must be recognized and analyzed in order to fully grasp the ramifications of ... ... middle of paper ... ... have a tendency to advantage of other countries economy. This presents another causative factor that can have a negative impact on the global economy or the economy of other countries. For instance, many corporations number one priority is to gather a profit, the highest possible profit. The idea is the company must act in the interest of itself by making decisions using this foundation priority of accumulating wealth. As a result, they expand into countries with fewer standards to increase the profit. Countries with low labor wages, benefits, and standards represent huge profitability for corporations who take advantage. However, these options that increase profitability also decrease social responsibility. Although, companies stand to gain a profit from this practice the long term communal effects of exploiting economic failure is long-lasting for the country.

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