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Give me an essay on Social Responsibility of Businesses
The nature of csr in a business
Give me an essay on Social Responsibility of Businesses
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Social Responsibility
Social Responsibility in terms of business makes reference accountability of actions that a business part takes in; in order to benefit the society it’s established in, while aiming to make profit. It outlines a set of ethical rules and regulations that businesses need to adhere to.
Corporate Social Responsibility
CSR is an obligation of a business to take interest in the welfare of the society around them as well as presentation of a positive image of the company and all stakeholders.
In the movie, it is seen that ADM doesn’t take interest in the CSR of the business. They don’t help the society but rather encourage malpractices such as cheating the society by colluding with other businesses and fixing prices of Lysine.
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The different levels have their own ethical conduct.
Individual level: As an employee to behave unethical, is misconduct of the individual level of business ethics. Mark was seen part taking in ‘white collar crimes’ such as accepting kickbacks from the company and money laundering in different schemes. He was later confronted and incriminated for the foul actions.
Organisational level: For an organisation to ask an employee to behave unethically or illegally in order to make profit. ADM leaders were seen encouraging Mark to affirm deals to collude with Japanese companies. Mark was paid kickbacks in order to perform these tasks.
Professional level: Each profession has an individual code of conduct. It is a set of rules that expected to be followed by the individuals specialising in a specific field. Mark’s reason for confessing the truth to the FBI, was the fact that he couldn’t look past his responsibilities as a scientist in the field. It was unethical behaviour towards the products and the process of selling the food, which also violated the ethics regarding his profession. The other members differed in this regard, as they looked past it and carried on with the
The Wisson company policy stated “Personal payments, bribes or kickbacks to customers or suppliers or the receipt of kickbacks, bribes or personal payments by employees are absolutely prohibited”. (p.564) Dealing with employee ethics company policy this is where I would clearly start first. I have found during the course of this case study several facts that Valerie Young was faced with. While going to make photocopies she discovered her bosses personal companies document revealing commissioning and fees totaling $35,000 per month. Valerie also struggled with revealing her discovery with corporate headquarters, while justifying her own values to protect herself and fellow colleagues. Lionel Waters’ personal greed leads to wrongful business
Their organizational initiatives are often self-serving; however, the emerging workforce isn’t motivated by selfish managers. This selfish behavior often turns into unethical conduct. Unethical dealings in the workplace are always wrong. It is crucial to promote ethical behavior. Everyone must understand that once caught, unethical behavior is not just a problem for those directly involved, it is everyone’s problem.
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.
I certainly agree to the author and McNerney that the unethical dysfunctional company norm is the root cause of the ethical issue. It is this norm created by the predecessors who never set good ethical examples that influences the employees. They believed the politically safest way of executing tasks would be mimicking how their superiors get their jobs done.
Businesses have a social responsibility to their consumers and communities. Poor social responsibility can affect a company’s profitability and impact customer loyalty. In the 1990’s, Nike faced allegations of being the villains of child labor laws and running sweat shops. In 2008 JPMorgan’s involvement (or lack of) in Madoff’s Ponzi scheme and 2015, Volkswagen’s emissions scandal are all examples of failed social responsibility. Corporate social responsibility (CSR) is more than donating to charities; it’s about doing the right thing and being active members of the community.
Every business has a social responsibility toward society. That means to maximize positive affects and minimize negative affects on the society. Social responsibilities includes economic-to produce goods and services, that society needs at the price, that satisfy both-business and consumers, legal responsibility-laws that business must obey, ethical responsibilities-behaviors and activities that are expected of business by society, but are not codified in the law, philanthropic responsibilities-represent the company’s desire to give back to society (charietys, volunteering, sponsoring).
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...
CSR is a concept where company involves in social and environmental in their business operations. This is done to achieve a balance of economic, environmental and social obligations.in simple terms giving a hand for those who are not capable of achieving with their objectives and attending to them so that they could make those objectives a reality. This could improve organizations cooperate image which would also leads to attain a high market share.
Some of the common causes of unethical behavior in the workplace are: 1) extreme emphasis on profits, 2) loss of corporate loyalty, 3) fixation on personal advancement, 4) probability of not getting caught, 5) immoral quality set by top management, 6) indecision about whether act is wrong, and 7) reluctance to stand up for what is right
CSR is the obligation of business to promote and to protect the interest of shareholders.
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.
There are now several concepts of CSR and its definition, along with the meaning across corporations. In my opinion, and according with our textbook in page 11. CSR is about a particular set of business and strategies that deal with social issues. In addition, we can clearly perceive that CSRs application along corporations has increase in the past decade due to the several local, and international regulations in order to enforce business to act responsible.
The classical view of CSR is a prominent ideology which business organizations are seen merely as profit-driven organizations. Simply put, businesses work for the sole purpose of making a profit. Thus, this profit motive is the sufficient and unique social identifier that separates a business organization from other institutions in society. These business organizations have a limited, yet essential role in society. Social concerns are considered important, but businesses, in the classical view, are focused solely on the economic activities and are judged accordingly. By having a limited role in society (i.e.,...
Recently, three individuals were awarded $170 million for helping investigators gather a record $16.65 billion penalty against Bank of America. Based on their action of inflating the value of mortgage properties and selling defective loans to investors. By influencing the market falsely is unethical and wrong. That is also why their punishment was so harsh. Firms today warn their managers and employees that failing to report unethical behavior and violations by others, could get them fired.
Investopedia defines Social Responsibility as an ethical framework and suggests that an entity has an obligation to act for the benefit of society at large. (www.investopedia.com/terms/s/socialresponsibility.asp)