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Social Responsibility

            The issues of social responsibility have received greater attention with the advent of intense globalization of business. Though there are disadvantages to adopting social responsibility, despite the numerous advantages of the practice. The problem that arises from using corporate social responsibility is that it promotes policies that are directly welfare reducing. Applying principles of corporate responsibility raises costs and prices. Whether it also reduces profits depends on market conditions. Corporate responsibility denies the managers ability to focus on the companies goals and to make decisions that will benefit the shareholder and the company. The key to a successful business if gaining profit. Adopting social responsibility decreases profit due to the modification that a company might have to enhance to their product in order to satisfy the public. There is too much focus on social responsibility. We expect businesses to produce goods and services efficiently and cost effective, but that does not constitute social responsibility to consumers. The book brings out several key issues about the disadvantages of social responsibility. Managing societies demands and the organizations demand will create conflicts and problems. Even though an organization might implement the process of social responsibility consumers may take the ultimate hit. Price increases can occur due to the modification of the product or service. For example the cigarette industry was extremely effected by social responsibility. Cigarette prices in the last 5 years has dramatically increased due to government intervention caused by societies demands. Cigarette companies had to re-market their products. On their advertisements they had to place warnings on their products, explaining that it may be related to causes of cancer. .
             The general public knew that the use of tobacco products may cause cancer but they needed an escape goat.


Essays Related to Social Responsibility

1. Corporate Social Responsibility

Example of such kind of an activity is the company's participation in Corporate Social Responsibility. In this paper a clear and precise definition of Corporate Social Responsibility has been presented. ... Those kind of activities are what are collectively referred to as Social Corporate Responsibility. This paper is going to address Corporate Social Responsibility in depth including its meaning, the arguments against and towards CSR and an example of a company working towards SCR. 2.0 Corporate Social Responsibility Corporate social responsibility refers to business activities which ...

  • Word Count: 2191
  • Approx Pages: 9
  • Has Bibliography
  • Grade Level: Undergraduate

2. Enterprises and Corporate Social Responsibilities

Consequently, entrepreneurial activity has always borne a pronounced responsibility for social development and Corporate Social Responsibility provides an intelligent way to combine economically viable development, social responsibility and conservation of natural resources1 There is no universally acceptable definition for CSR since there are many elaborated variants nevertheless, it can be described in several ways and some of the concepts I found more accurate are the followings: "What companies have embrace in order to achieve competitiveness while addressing societal issues and cost...

  • Word Count: 2852
  • Approx Pages: 11
  • Has Bibliography
  • Grade Level: Undergraduate

3. Doing good socially for businesses

"Doing Well by Doing Good-: Models of Corporate Social Responsibility The corporate scandals of the past years have raised many questions about businesses and their public interests. To answer these questions the field of corporate social responsibility has grown to great lengths and is now an everyday word in the business world. Corporate social responsibility (CSR) is also known as: business ethics, corporate citizenship, corporate accountability, and sustainability (Overview of Corporate Social Responsibility, 1) Business for Social Responsibility defines corporate social responsibi...

  • Word Count: 3324
  • Approx Pages: 13
  • Has Bibliography
  • Grade Level: Undergraduate

4. Social Responsibility

Social responsibility in the McDonalds Corporation McDonalds recently issued their first social responsibility report. ... They want to be able to show their customers their plans in the most important areas of social responsibility. ... At www.mcdonald's.com, they tell us that the corporation is very committed to their social responsibility. ... Special words from Jack Greenberg the CEO of McDonalds help us to better understand how concerned the corporation really is with social responsibility; "For our communities, being the best mean they are proud to have in the neighborhood be...

  • Word Count: 391
  • Approx Pages: 2

5. Social Responsibility

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 discretionary responsibilities (Daft 1997). ... Social responsibility can sometimes be a two-way street with the government and society itself playing important roles. ... Ethical responsibility is the next level. ... Taking a proactive approach towards being socially...

  • Word Count: 808
  • Approx Pages: 3
  • Grade Level: Undergraduate

6. Corporate Social Responsibility

Corporate Social Responsibility An ever-increasing issue in the corporate world is corporate social responsibility. ... (Labatt) Companies are beginning to notice the benefits of corporate social responsibility. ... So far Europe has been the leader in corporate social responsibility. ... This makes for a variety of ways which a company can achieve social responsibility. ... First with the company develops an initial commitment to achieving social responsibility. ...

  • Word Count: 1746
  • Approx Pages: 7
  • Grade Level: Undergraduate

7. Theories of Corporate Social Responsibility

Introduction The arena of corporate social responsibility displays to have become more important around the world today. ... What is Corporate Social Responsibility (CSR?) ... The concept of corporate social responsibility has been growing remarkably in today's business world. ... Growing Importance of CSR The importance of corporate social responsibility is excessive in today's business and social areas. ... Approaches of Corporate Social Responsibility According to Kramer and porter (2006), corporations have four issues to be engaged in corporate social responsibility. ...

  • Word Count: 1487
  • Approx Pages: 6
  • Has Bibliography
  • Grade Level: Undergraduate

8. Social responsibility of pharmaceutical company

In the summary of access and implementation strategy, I have argued that a company has a social responsibility to provide service for human rights. To help implement responsibilities, I insist that the social contract theory provides an applicable ground for the duty based theory with specific procedures to allocate the wealth. Business organization themselves are originated from social contracts, such as corporate law etc. thus I find it practical to apply when confronted with social responsibilities argument. ... However, social responsibility and the actions such as granting drugs vol...

  • Word Count: 808
  • Approx Pages: 3
  • Grade Level: Undergraduate

9. Starbucks and Corporate Social Responsibility

The company has a long, documented history of social responsibility; Starbucks published its first Corporate Social Responsibility Annual Report in 2002 (Reis, 2009). ... The report for 2012 dives into many social responsibility aspects that the company is involved in. ... The corporation has taken social responsibility to a global level. ... What can the company do to improve its corporate social responsibility behavior and reputation? ... Economic Responsibility Donaldson (2005), cited Milton Friedman who considers that maximizing profit is the only social responsibility of a business. ...

  • Word Count: 2434
  • Approx Pages: 10
  • Has Bibliography
  • Grade Level: Undergraduate

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