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Social Responsibility

Today, there is a greater responsibility organizations must take when dealing with the effects of white-collar crime on society. In the past, society has viewed white-collar crime almost as a victimless crime, perhaps because of its non-violent nature. There is no immediate and visible impact on society because it can go undetected for a long time. And even when it has been detected, many times white collar crime is still treated different than other societal crimes, in where, many companies will not prosecute an employee because of negative publicity that might be generated and expensive legal costs. But today, companies can no longer afford to sweep corporate crime under the rug. The impact on society has become too great for anyone to ignore. The economic cost of white-collar crime is believed to be much greater than the cost of larceny, burglary, auto theft, forgery, and robbery combined ( ). This growing cost, coupled with a more knowledgeable public receiving much information through the media, has made all stakeholders, including those outside of the organization, re-evaluate their level of social responsibility.

There are four levels of corporate social responsibility; these include economic, legal, ethical, and


Knowing the societal responsibilities and laws related to white collar crime is not enough in today’s world. Crime can be fought and discouraged by specific actions and features within an organization. One way is to lift the burden off specific individuals and putting more emphasis on teams. Effective control systems should be put in place also. But to be more social responsible, a company might want to sponsor ethics training and white-collar crime teaching in college business classes. A recent study done by Roderick of upper division business classes from five universities revealed that while most students considered themselves “honest”, more than one-third of them expressed willingness to perform an illegal business act for profit if they felt there was little chance of them getting caught and being severely punished.

discretionary responsibilities (Daft 1997). Meeting these criteria will help organizations be socially responsible and deter white-collar crime within their organization. However, the organization is not the only stakeholder who should follow these criteria. Social responsibility can sometimes be a two-way street with the government and society itself playing im

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, white-collar crime, responsibility companies, crime committed, social responsibility, socially responsible, responsibility companies themselves, white collar crime, employee feel, collar crime, white collar, business classes, responsible company,

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Approximate Word count = 808
Approximate Pages = 3 (250 words per page double spaced)


  

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