Social Responsibility Of A Business

1444 Words6 Pages
Introduction Cohen wrote extensively on the work of Drucker especially in the areas of business and nonprofit management. However, Cohen’s article on social responsibility drew a lot attention from other scholars like Friedman. In view of this, this paper will discuss and define the concept of social responsibility of a business to its workers, stakeholders, and society; how the perspectives align with that of Drucker; comparing Cohen’s opinion with that of Friedman and finally determines which of the two individual’s opinion best aligns with the current business climate promoting a green environment. Concept of social responsibility According to Cohen (2009), the concept of social responsibility entail that “every organization must assume the full responsibility for its impact on employees, the environment, customers, and whomever and whatever it touches” (p. 31). On the other hand, Murphy (2009) explains that social responsibility “pertains to an entity’s ability to respond to a person, situation or issue in a certain way” (p. 245). Comparatively, Carroll & Buchholtz (2003) revealed that the concept of social responsibility means that “organizations have moral, ethical, and philanthropic responsibilities in addition to their responsibilities to earn fair return for investors and comply with the law” (p. 36). This means that the society will look for major organizations where profits and nonprofit could be derived to take care of some of the ills in the society.
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