Corporate Social Responsibility ( Csr ) Essay examples

Corporate Social Responsibility ( Csr ) Essay examples

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Corporate social responsibility (CSR) “calls for corporations to be more accountable to the multiple groups who constitute them and/or are directly impacted by their actions,” which aligns with Freeman 's view that managers are responsible to all groups that affect or are affected by the company 's actions (Menser, p60). There are three ways of being socially responsible: the stakeholder theory of corporate social responsibility (ST CSR), the civil society model of corporate social responsibility (CS CSR) and the solidarity economic view (SE). Although all these models will achieve CSR in different ways, the SE model will benefit more stakeholders than the other two, while the ST CSR fails in comparison to the other two.
One CSR is the stakeholder theory of corporate social responsibility (ST CSR) where the managers decide what CSR is and define it from the perspective of profit and maximization of value for the firm, like Sternberg would suggest. One of the reasons why ST CSR so often fails to make corporations more socially responsible is because the definition of “socially responsible” is benefiting groups of stakeholders besides just the owners and management. ST CSR fails to benefit such groups because ST CSR is a means to an end, the end being to keep the stockholders profitable. Managers use CSR to hold onto customers and in turn serve the stakeholders. If CSR does not help boost revenue and make the business more profitable, then the managers would not be socially responsible. One example of this is the company Enron who tried to get away with many scandalous methods in order to keep their business afloat. Using the ST CSR method reduces the company’s tax burdens, helps the community, and creates a positive brand image...


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...nd the ST CSR makes the managers consider themselves superior in the relationship. Furthermore, the social council defends the rights of workers/owners as employees.
Another difference between ST CSR and SE is that the principle of equilibrio grounds the notion of worker solidarity which is not found in the ST CSR model. In one case, MCC employees were receiving more income than the non-MCC employees in the local community so the MCC decided to give ten percent of annual profits to the community if they were successful. They also decided to stop giving themselves bonuses. Instead they reinvested capital back into the company and received health benefits so they would not seem like they have more than their neighbors. This benefited both the local community and all the stakeholder involved in the MCC. With this example, SE presents a more successful model than ST CSR.

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