I am going to start by giving a summary of “Make It Good—Officially” and then discuss what my opinions on the article—B Corporations and social responsibilities of a business—are. Michelle Goodman’s article “Make It Good—Officially” discusses in detail about the process of becoming a B Corporation along with certification advantages. In the introduction, she sets up the rest of the article by pointing out that Ben & Jerry’s, a company that manufactures ice cream, became the “first wholly owned subsidiary to get certified as a B Corporation” (86). A Certified B Corporation is a for-profit business that is committed to providing positive effects on society, environment, community, and its customers, employees, and shareholders. A Benefit Corporation—not to be confused with a B Corp—requires business owners to consider the well-being of employees, community, and the environment before making any decisions simply driven by profits. Some standards include paying workers living wages along with health insurance and vacation. …show more content…
Well-known companies with B Corp status include Etsy, Warby Parker, and Ben & Jerry’s. To get certified, companies are judged on a multitude of topics such as energy efficiency and employee programs, and must score at least 80 out of 200 points in a 150-question online survey. After obtaining six months or more of revenue, a business can apply for a B Corp certification. A B Corp status is a large stamp of approval influencing companies to become more socially and environmentally
Business organizations today are socially and ethically responsible for doing the right thing, exercising good judgment in their business activities with employees, stakeholders, customers and the community. Business organizations emphasis should not only be on profits, but also on how business decisions impact society.
Creating an adequate monitoring system not only protects the best interest of an organization but the consumer also. Furthermore, without these structured protections for the business and consumers, unethical behavior tends to flourish throughout an organization in several different forms. In the case of the Better Business Bureau, it appears that the proper protections were not in place to protect consumers or the organization should have updated its mission statement to account for the many consumer changes since the use of the internet globalized businesses. Furthermore, the leaders of BBB should have worked harder to ensure that employees and companies were punished for allowing his or her unethical behavior to tarnish the organization’s image.
Many believe that business entities should have an ethical duty to be socially responsible, to work towards increasing its positive effects on society while decreasing its negative effects. Many organizations look for opportunities to be socially responsible while also creating shareholder wealth.
He explains that all persons and environments require resources from the company impacting them, thus justifying that the community, employees, and customers should receive a share of business resources in the reader’s mind. Also, he summarizes an opposing view that “caring about customers and employees is good business” to get readers to be more willing to accept that corporations should fulfill social responsibilities, not just the individual. To address critics of his argument, maybe thinking that 100% of profits should go back into the community, he says that he believes investors do deserve some profits, but giving 0% to society is too little. The foot-in-the-door phenomenon explains his use common ground here, which gets readers to think or act selflessly a little bit to get them more accepting of bigger
Social responsibility is an important part of business today. Company Q’s current attitude towards social responsibilities seems insensitive. This company has shown that profits drive the success of their business. Company Q is closing two stores in high crime rate areas due to lost revenue. It did not seem the company explored other options that would have less impact on the community and their businesses. By exploring other options they could have improved the stores profits while making an investment in the community. Company Q made no efforts to explore other ideas. By researching different options or processes Company Q could have keep its doors open.
The Better Business Bureau is believed to have a reputation of protecting consumers and businesses from fraudulent scammers and unreliable firms, there were several unethical occurrences and allegations that led consumers to feel otherwise towards a company that has the reputation of trust. According to the Ermongkonchai (2010) study, “the main reason of employee misconduct was identified with personal or financial gain” (Pg125). It appeared that the Better Business Bureau had several bouts of unethical misconduct that lead to a ruined reputation and questioning of the firm's values.
business’ response to the criticisms. Your essay should be a minimum of 500 words in length.
Corporate ethics and social responsibility work together. Corporations must show concern for the welfare of both their owners and society. Corporations must commit to maintaining integrity, fairness, and respect. However, even well-intentioned activities of businesses can end up not doing any good at all. Listen to this audio clip located in this week’s Electronic Reserve Readings to see how. Describe the challenges one business faced in the audio clip. Explain in what ways the good intentions of this business turned out to be not so good.
For many years I had very high standards and respect for the Better Business Bureau. When many people used the words Better Business Bureau it was a safe guard for many consumer interest and helped resolve their grievances against erring companies. When the adult reader looks at Better Business Bureau logo it states “ Start With Trust”. And it is the word trust that stays in many consumers mind. I really think that Better Business Bureau sometimes caters to the paying customers only. For example, if I have a company X I pay a membership fee to the BBB to be on their list and keep up my rating. Which means if someone like yourself goes to the BBB website and see how I handle my complaints and keep up my rating; it tells the customer
Issue 1: I do believe that corporations have a responsibility to society as a whole, not only to maximize their own profits and benefit the economy but also to respect the community that they reside in. They achieve this by not only providing employment, but also upholding an image. It is up to
If you aren't in business, you may have no idea what the BBB is, but if you are, it is either something you love or are terrified of. The better business bureau is an organization that analyzes just about every single business that is in operation, regardless of how big or small they are. This gives other people an understanding of how reputable you are and whether or not they want to do business with you, which is why your score is incredibly important, despite whether you like the bureau or not. If you have shady business practices, engage in any sort of illegal activity that gets reported, or flat out do not do good business, your BBB score is going to suffer and anyone that wants to find that information is going to be able to find it. When business deals are made between several companies, the first thing they are going to do is look up their BBB score to size them up. A lot of places won't even talk to you if you have a low BBB score, which can be a great thing and can be a bad thing at the same time.
Company Q is a small local grocery store chain who has made poor decisions when it comes to social responsibility. Company Q’s business is suffering because the owners’ do not know the heart of running a business, Social responsibility. When opening a business it is not all about the money. Sure it is nice to think about growth and reaping the benefits of a bigger bank account, but the first thing that is important in business is the consumers. Who is buying what you are selling? What will make consumers buy more, comeback, or tell friends? Businesses flourish around consumers. So if it is money you are after, then consumers are who you need and want. So in business in order for Company Q to get what they want and need, they will need to give the consumer what they want and need, social responsibility. Give back, it has always been said “It is better to give than to receive.” After careful review of Company Q's business actions, this company lacks social responsibility in many areas.
The success of a company will depend on the principles of moral and ethical behaviors in society. Social media platforms such as Facebook, Twitter, and Reddit are making it more difficult for companies to get away with unethical behavior. In the future companies that will remain profitable have to look at putting profit on equal levels with people and social responsibility. Benefit Corporation (B Corporation) is a corporate form designed specifically for that kind of entities. It encourages innovative ways to bring humanity back into business and redefine what it means to be successful (Lam,
Corporate social responsibility has been one the key business buzz words of the 21st century. Consumers' discontent with the corporation has forced it to try and rectify its negative image by associating its name with good deeds. Social responsibility has become one of the corporation's most pressing issues, each company striving to outdo the next with its philanthropic image. People feel that the corporation has done great harm to both the environment and to society and that with all of its wealth and power, it should be leading the fight to save the Earth, to combat poverty and illness and etc. "Corporations are now expected to deliver the good, not just the goods; to pursue
Blowfield, M. and Murray, A. (2011) ‘Introducing corporate responsibility’, (2nd edition) corporate responsibility. Oxford: Oxford university press, pp.3-25