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Ahmed Ebrahim Hanafy
Dr. Hardeep Anant
BUS 101: Introduction to business
01 January 2015
What are the social responsibilities of a business?
Definition of the theory of social responsibility is to force individuals and groups behave in a way that is good for the public interest of community. which means that the company is socially responsible, it was smaller than the main objectives, policies and processes not only on laws and regulations, but also for the growth and well-being and used for the best. Three basic practices commonly used in community development and charitable work and create a good value.
Corporate Social Responsibility (CSR) and the nationality of the company or the so-called corporate social responsibility, is also a form
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They are characterized by strategic and operational decisions can take advantage of higher or lower costs, but directly to the social responsibility initiatives for growth in corporate profits in connection is not always possible. Using many of the non-financial reasons for the company to assess the benefits of corporate social responsibility. For example, he can deploy socially responsible practices in their efforts and to keep the staff alerted about their responsibility is a way to manage risk. A part of corporate social responsibility is vital for the company, but they say that in many parts of the course to maximize shareholder value. To build on the work, corporate social responsibility, and companies such efforts, "the market for green washing" divert attention from policy is unpopular, such as pollution or transfer of jobs …show more content…
Ethical marketing companies that sell to consumers ethics and bring more value to their customers and respect, and people who are good in themselves. Do not try to manipulate or distort the potential customers. It is important for companies that want to be unethical.
Do you understand what is "socially acceptable" you should understand. Corporate Social Responsibility (CSR) is about using all aspects of your business to improve the world around them. While many believe that the right to social responsibility, environmental and global issues, and many other aspects of socially
Social responsibility is the ethical foundation and guiding principles we are to live by. This trickles down from organizations, to the individual level. It’s the duty of everyone to help in need. By doing so, helps keep the balance in our society as well as our ecosystem.
The basic definition of social responsibility is that all companies should embrace more than just the focus of maximizing profits, and should have as part of their business model the goal to have a positive impact upon the society in which they operate. (Investopedia, 2014) Some businesses believe that social responsibility can only be applied to individuals and not to a corporation or business entity, and that the social responsibility of business is only to maximize the profits of the company for the shareholders of the organization. By maximizing the profits of a business, society as defined by these companies, is benefiting because the business is successful adding value to the entire society in which the company is operating.
Social responsibility can be defined as “the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large” (Mallen Baker, 2004). In addition, social responsibility has been defined differently by various corporate leaders that provide guidelines which impacts how one manages the core business. Social responsibility is an essential part of a business. If managed correctly should strengthen the competitive spirit of the company and provide prosperity to society.
So before we go in greater detail on the different perspectives related to social responsibility, one might question the meaning of social responsibility. It is generally agreed that social responsibility is defined as the business obligation to make decisions that benefit societ...
What is social responsibility? Social responsibility is an obligation to act in a way that benefits society at large, people can do this through working to help improve Earth’s sustainability through processes such as recycling, composting, and being polite to others. Thanking a police officer or veterans for their service, or confronting consequences and accepting them are just a few examples of social responsibility. Sadly, the vast majority of individuals are not socially responsible. We are often fueled by fear, and the fear of losing power is so devastating that we make irrational and socially irresponsible decisions. Then, when those individuals work in a business or group themselves into corporations, those corporations are not socially responsible either. I have made the following promises to myself about my individual and social responsibility: Be economically responsible, be socially friendly and be a good influence on others.
Corporate Social Responsibility (CSR) is the way a corporation achieves a balance between its economic, social, and environmental responsibilities in its operations so as to address shareholder and other stakeholder expectations. In general, when firms hold this wider encouraging role on the public by being engaged with stakeholders, a variety of profit can be produced for both company and the stakeholders. A key inclination is the combination of Corporate Social Responsibility (CSR) into the organization strategy, culture, mission and communications. By incorporating corporate citizenship into the company it is no longer an additional “nice thing to do” or something made to obey laws or regulations. Instead, corporate responsibility has become something business leaders and workforce want to engage in, frequently because executives who believe in the long-term see business profit. The four types of social responsibilities a...
Corporate Social Responsibility (CSR) is the set of regulations that an organization makes to protect and increase the society in which it functions. There are three areas of social responsiblity: Organizational stakeholders, the natural environment and general social welfare.
According to Mike Peng, Corporate Social Responsibility (CSR) is the consideration and response to issues beyond the narrow economic, technical, and legal requirements of the firm to accomplish social benefits along with traditional economic gains the firm seeks. CSR is a way in which a company seeks to achieve a balance between profit, environmental concerns and social imperatives. This is known as the ‘Triple-Botto...
Social responsibility is the part of the framework of an organization or individual which makes up an obligation to act for the benefit of society. There are many different ways act out social responsibility. The social responsibilities of a business can be classified according to the businesses relationships to the general public, customers, employees and investors. The companies that make their product or service with the rooted mindset of benefiting the community and the world around them do this by providing things like scholarship funds, all natural products, biodegradable storage, and or just by treating the consumer as well as the employees as individuals rather than a corporate dollar sign. Businesses may exercise
The problem that was investigated consisted of a question that Milton Friedman posed in one of his articles, which was featured in The New York Times Magazine in 1970. The question was, “What does it mean to say that “business” has responsibilities” (Friedman, 2007, p. 173)? Friedman (1970) elaborated on how businesses cannot have assigned responsibilities. Furthermore, he described how groups or individuals should be the only ones that can hold responsibilities, not businesses. He stated that associating responsibilities with the word business is too ambiguous. I will examine three discussion questions and three compare and contrast questions which Jennings (2009) posed in a case study that is related to Friedman’s (1970) article “The Social Responsibility of Business is to Increase its Profits”.
The notion of ethics deals with people’s behaviors within a company. Social responsibility involves a company’s moral obligations and the manner in which the organization makes its decisions. Although ethics and social responsibility are similar on a conceptual basis, each has its own unique characteristics that express their differences and its independence of the other. Ethics and social responsibility have to be present and coincide with one another for a business to be ethically sound.
Corporate Social Responsibility (CSR) refers to company's effects on the environment and impact on social welfare. Companies express this citizenship through their waste and pollution reduction processes, by contributing educational and social programs, and by earning adequate returns on the employed resources. CSR is also considered as a strategy to create, develop and sustain positive company reputation and brand images.
Corporate Social Responsibility is management’s obligation to protect and promote their stakeholders welfare. Social Responsibility is more than just obvious ethical issues like honesty and integrity in business dealings.
However, there can be more definitions about what Corporate Social Responsibility can be. For example, Corporate Social Responsibility can be the commitment which is continuing for a business to behave ethically and bring to economy the development to improve the workforces’ of the whole society and local community and their families’ quality of life. Corporate Social Responsibility is also known as the obligation of a company to serve the society’s interest and of course its own. With the help of the Corporate and Social Responsibility, social and environmental concerns companies can integrate into their business and stakeholders operations.
“Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. ‘CSR is a corporate culture where businesses or companies decide voluntarily to contribute to a better society and a cleaner environment.”1