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Social corporate responsibility
Social corporate responsibility
Ethics in the business environment
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Does Business have Social Obligations?
In today's society people are being laid off or losing jobs everyday. Many times it is
because a company is going out of business, or may not need as many employees. The company often times cannot afford to pay extra workers. During these circumstances, a question of responsibility and obligations begin to rise. Should businesses in today's free market economy have an obligation to be socially responsible for these actions which the businesses or company carries out? Businesses operating in a free market economy have limited obligation to be socially responsible.
People who lose their jobs because a company is going out of business do not have a choice in the matter. They have not done anything wrong , but happen to be in the wrong place...
Downs has sought to dispel myths surrounding housing policy. The first myth he debunks is the myth that all government-sponsored urban policies have failed. Downs believes that although they had resulted in greater hardships for poorer neighborhoods, the policies have given great benefits to a majority of urban American families. While he does not consider these policies to be a complete success, he refuses to call them failures due to the fact that they did indeed improve the standard of living for most of urban America. Downs also calls to our attention the effect of housing policies on the number of housing units. Starting in 1950, housing policies were aimed at ending the housing shortage until focus was shifted to low income households in the midst of the Vietnam War. To Downs, ending the shortage was important because it was affecting the American way of life. Couples were delaying marriage, extended families were living in one home, and overcrowded housing led to overcrowded local facilities, such as schools. Downs also argues that this overcrowding led to an inescapable cycle of “substandard”
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.
There are slow adoption rates for internal corporate social networks for many reasons. Although management and organization plays a role, the technology factor is the main reasons why employees are refusing to use these internal networks. With the rate at which technology is becoming more and more advanced, social networking systems are constantly updating their software and user interface (Laudon & Laudon, 2013). This mean that employees who are used to traditional forms of networking such as email, have to take the time to learn new systems and keep up with more social networking than they would like. In the eyes of the employee, using traditional forms of networking is simply more efficient. In order to make these internal social networking programs work, companies need to make more user friendly and easily manageable sites (Altman, 2015). Management also plays a part in the slow adoption rates. Managers need to provide more incentive for employees to use these networks aside from basic social interaction. For example, instead of sending memo’s via email, or other traditional forms of communication, slowly veer employees to seek memos on the company’s social networking site. Making strides like this will give employees more incentive to at least use the sites more often and participate in discussions and posts related to the business. This will allow employees to explore the sites and discover other useful features that might help improve productivity within the office. Organization of the sites could also be greatly approved. Many companies try to mimic other popular social networking sites, this however, may not be a viable solution. Instead, IT personnel should format th...
To supply the wants and needs of a consumer, society entrusts wealth-producing resources to the business enterprise.” (Santayana, George. Is The Tyranny Of Shareholder Value Finally Ending? So before we go into 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 society.... ...
The housing in Los Angeles is not enough for the population and the current policies have not focussed of the solution to these problems (Varady et al., 2005). Providing temporally housing and short-term jobs to the chronically homeless people does not reduce the number of homeless people in the city but only covers the problem for a while. Acting to the urgent of those without shelter for long is important but solving the root to the problem is what needs to be done. The government of the United States pays private landlords rent for the sake of the enlisted Section 8 beneficiaries but most of the house owners are not in full support of this move. Most of them prefer to rent their houses at the market rate. There are other more homeless people who have not benefited from this policy because they do not qualify yet they still have shelter. The trend in the rent is a cause for alarm and the number of homeless people will increase as soon as more are unable to afford rent and face evictions. The government continues to subsidise rent through Section 8 policy but the society should take up the challenge of contributing towards reducing homelessness. Inadequate employment has forced the poor people out of houses and the society is expected to do their social duty in respect to the homeless in the
The willingness of companies to swiftly lay off workers to cope with changing business environments.
Literature has played an important role in society throughout history, the written word being a powerful tool in communicating ideas. This became even more important during the 20th century, when many people were trying to persuade others or share their emotions and histories. The black movements in the United States made use of this tool, many authors coming out and becoming part of the fabric of society. Three authors in particular, Ralph Ellison, Langston Hughes, and Richard Wright became some of the most influential and important writers of the 20th century, owing to their own history and life experiences to give life and meaning to their works.
Milton Friedman presents a compelling argument in “The Social Responsibility of Business is to Increase Profits” by arguing that businesses need to focus only on increasing their profits and integrating social responsibility will only hurt them as a company. Since “only people can have responsibilities” (Friedman 52), Friedman argues that businesses as a whole do not have any type of real responsibilities because there is not a singular person for these responsibilities to fall on. Corporate executives are people as well and may feel they have social responsibilities to society but these “are the social responsibilities of individuals, not of business” (51). In terms of corporations, the businessmen are the ones that hold the responsibility of the company. Friedman argues that the only responsibility these managers hold is to those who own the corporation, the shareholders. If the individuals themselves want to contribute to social responsibility they must do it with their own money in their personal lives, but they should not use social responsibility in
The article “The Social Responsibility of Business is to Increase its Profits” is written by a famous economist Milton Friedman. Friedman in this article implies that shareholders are the main drivers of the corporations and he believes that it is to them corporations must be socially responsible to. The goal of any corporation is to maximize profits and return the portion of these profits to shareholders for investing in the corporation. The shareholders can themselves decide which social causes to take part in rather than assigning a corporate executive to decide on their behalf. Friedman argues that a corporation must have no social responsibility to society because its only concern is the increase profits for itself and its shareholders.
Business organizations should act responsible towards society as it will benefit society, culture, economical condition and environmental issues as well. In other words, business organization are currently only focusing on their core objective that is only maximizing their profit but this profit maximization comes with a cost to the society like over exploiting resources, polluting environment, producing products which are not environmental friendly. If business organization acts socially responsible they will help the society to develop.
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 sole purpose of the enterprises is not only to earn profit but they are also responsible for the development of the people and society. If the corporations continue to neglect their responsibility in the social sector then it will also eventually affect their business. Today, customers are more aware and they usually analyse a business based on their participation in the social sector. The concept of the corporate social responsibility is not very old. It emerged recently and requires the large corporations to spend a small share of their profits in the respected social projects. The concept of the corporate social responsibility is not legal but rather it is moral. It is not the legal responsibility of the large corporations to indulge in social development instead it is their moral duty to address the social needs of the people.
In the 1930s, during the Great Depression, most literary works revolved around the dismissal and concept of progress with an evident desire to retreat back to the pure and simple lifestyles of the earlier ages. This is a prime example of how events, our history, and our society can affect our literature. Literature is greatly intertwined with our history, society, and lives. Literature has changed over time, has a major impact on our society, and affects us, as people.
...can be an arbiter of business responsibility to society through the application of tax incentives or tax credits. In good corporate governance, the management should be able to meet their social responsibilities, these include making sure that their products are not hazardous to people and to the environment, sharing their profits for the good of the community as a natural person or human being would do, donating to social causes, organizing activities to benefit the community.
Business ethics and social responsibility are two concepts many individuals believe go along together for corporations in the business environment. Business ethics are the moral values a company uses to ensure all employees action in a standard manner when completing business functions. Social responsibility is typically a conceptual theory that governments and the general public hold, believing that businesses should not conduct themselves in a manner counter to cultural or societal norms. The connubial of these concepts happens when companies introduce a written code of ethics to demonstrate that the company only acts in its greatest interest so long as it does not damage the company’s social responsibility.