Corporate Social Responsibility Of Ford Motor Company Essay example

Corporate Social Responsibility Of Ford Motor Company Essay example

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Corporate social responsibility is an altruistic deontology established as a self guiding framework structured to establish trust across a range of stakeholders. The intent to uphold corporate social responsibility (CSR) within a business is noble. However, considering numerous ethics violations documented by the U.S. Securities and Exchange Commission, U.S. Federal Trade Commission, and U.S. Department of Labor, the loosely guided CSR deontology appears to be a public relations front for capitalistic extremists who caress their egos for greed. Consequently, thousands of stakeholders lose their jobs, their retirement, and their families respective to ill business practices similar to the documented cases of Ford Motor Company 's Pinto, Arthur Andersen 's accounting practices, and Enron Corporation 's mark-to-market in addition to structured finance practices. The International Organization for Standardization established the ISO 26000 as guidance toward corporate social responsibility in an altruistic deontology to establish trust across a range of stakeholders.

There is a multitude of stakeholders such as investors, officers, employees, and customers who seek corporate social responsibility when considering the collectivist relationship among groups. Incidentally, in the case of Enron Corporation, the company founded and utilized accounting practices such as mark to market and structured finance. These financial principles created new pathways for Enron executives to exploit markets using mark to market while creating fictitious businesses utilizing structured financing that concealed massive debt the company owned. Mythical businesses such as LJM, Jedi, and Chewco created by Enron 's Chief Financial Office Andy Fastow granted t...


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...daunting, but the leadership team at Enron Corporation understood the intensity of their decisions when agreeing to accept the highly ranked, highly visible positions they were trusted to uphold no matter how difficult the tasks.

The standards board for ISO 26000 known as corporate social responsibility is an altruistic deontology that promotes business ethics and community involvement for the betterment of society. Upholding corporate social responsibility is considered a serious matter, among many business leaders since the turmoil, suffering, and emptiness is a negative impact of consequentialism. It is unfortunate these unethical examples of groupthink occurred to remind us of our self centered behaviors. All things considered, the ISO 26000 standard guidance plan for corporate social responsibility should be the North Star for every business ' mission statement.

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