Corporate Social Responsibility : Ge

Case This particular case discusses whether General Electric fulfilled its Corporate Social Responsibility under the leadership of Jack Welsh or if it just met basic obligations. It also displays the evolving idea of social responsibility in a corporation by contrasting the corporation’s actions during Welsh’s leadership and after Welsh retired. It is shown that Welsh had a classical economic view of social responsibility. General Electric followed a traditional business model while Welsh was working

required. Answer Did GE in the Welch era fulfill its social responsibility duty? Could it have done better? What should it have done? Chapter 5 in the text, Business, Government, and Society by John F. Steiner and George A. Steiner, corporate social responsibility is defined as the corporate duty to create wealth by using means that avoid harm to, protect, or enhance social assets. General Electric in the Jack Welch Era fulfilled its corporate social responsibility but by marginal measures

1. Corporate social responsibility is defined in Chapter 5 as the corporate duty to create wealth by using means that avoid harm to, protect, or enhance societal assets. Did GE in the Welch era fulfill this duty? Could it have done better? What should it have done? I believe that Welch only fulfilled one portion of his corporate social responsibility duty. Financial results for GE show that Welch was very effective in directing a highly profitable company, but he did so at the expense of many

Electric (GE) for 20 years from 1981 to 2001. Jack transformed GE, taking a solidly profitable manufacturing company and turning it into an exceptionally profitable conglomerate dominated by service business. As such a big company who was running businesses for decades, GE has a lot of social responsibilities. Corporate social responsibility is the duty of a corporation to create wealth in ways that avoid harm to, protect, or enhance societal assets. I will analysis the social responsibilities of GE from

1. Corporate social responsibility is defined in Chapter 5 as the corporate duty to create wealth by using means that avoid harm to, protect, or enhance societal assets. Did GE in the Welch era fulfill this duty? Could it have been done better? What should it have done? Jack Welch did make GE the most valuable company in the world. He was described as “the most important and influential business leaders of the 20th Century” by some Wall Street analyst. Nevertheless, Jack Welch as the CEO did not

As a consumer, do you consider a corporation’s reputation before consuming their product? How often do you choose a product based on the corporation’s values and social responsibility? A corporation’s reputation is the overall estimation in which it is held by its internal and external stakeholders based on its past actions and probability of its future behavior (Harrison). The world economy is far more interconnected than it used to be and global corporations, especially, have more competition than

Q3. How well did GE conform with the “General Principles of corporate Social Responsibility” set forth in the section of that title in the chapter? Here some of the General Principles of Corporate Social Responsibility that should be exercised by the managers: 1. Corporations are economics institutions run for profit. This are their main responsibility, they are oriented to the financial incentives, and not in the term that have to be able to meet the social objectives without financial incentives

On September 13, 1970, Milton Friedman wrote and article, Social Responsibility of Business is to Increase its Profits. One of Milton’s theories suggested that the only legitimate incentive for a corporation to exist is to maximize its profits with its shareholders. As companies progress over time, so does the reason for the company existence. “What makes a stake holder?” Isabel Hilton (GE Stakeholders 2009) “What makes a stake holder? If you take a broad view of business then almost anyone who

answer to this dilemma is dependent on one’s personal perspective: either the company relinquishes all responsibility upon completion of the sales transaction with the buyer or else the company will always maintain some level of ethical obligation since it introduced the device to society. A justified answer is predicated on the operational definition of this philosophical concept. Ethical responsibility is the norms and expectations of stakeholders and shareholders concerning a moral sense of honesty

Introduction This paper will discuss what major corporations doing with regard to corporate social responsibility. It will then investigate thoroughly five five major corporations which are leaders in community outreach and involvement: General Electric, DuPont, Motorola, ExxonMobil and Microsoft. Many large corporations are taking corporate social responsibility into account and making it a part of their everyday routine. Various companies have modified their ways of conducting day-to-day