Corporate Social Responsibility Essay

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.

Company Q’s attitude toward social responsibility reflects a negative reputation on them as a corporation in their current community. The geographical location in a major metropolitan area should sustain the business with a solid consumer base and maintain reliance of current investors. However, they closed two stores in high crime areas for consistently losing profits, waning investor trust and damaging employee faith. The decision to close the stores limits their ability to be socially responsible to its stakeholders and potentially contributes to the areas crime level.

We falter on our duties as humans to uphold a minimal experience for others that we would demand for ourselves. MNEs in particular are responsible for the experiences they encourage, especially in regards to the subcontractors and suppliers they work through. MNEs should be held vicariously liable for the actions suppliers take in order to appease the demands of MNEs. For example if I hired someone to remove my competition under any circumstances and they ended up murdering someone, I would be held, at least partially, at fault. MNEs are responsible for rectifying this more than the average person because duties are tied to the power they have to help. MNEs have boundless power and resources to end this oppression by demanding that employees are respected and given the dignity they deserve. Denis Arnold and Norman Bowie give the example that a wealthy person would have a duty of charity that an impoverished

Corporate social responsibility incorporates environmental, social, and economic dimensions that provide leadership and differentiation opportunities for perceptive organizations. However,

Write a brief essay responding to the given statement (suggested length of 2–3 pages) in which you:

The concept of Corporate Social Responsibility is a relatively new in the management field and there is no single definition of it since everyone’s interpretation of the term is different. “Corporate Social Responsibility means something, but not always the same thing to everybody.” (Votaw, 1972, p.25) and from my understanding of the concept, CSR to me is “The voluntary business activities within the boundary of law that contributes to the wider community for a more sustainable environment”. Since everyone has a unique interpretation of CSR, the range of relevant CSR practices across businesses has been quite diverse as there is no such thing as features of CSR (Marcel van Marrewijk, 2003). Rising environmental and social concerns in

The topic I choose was “Does business have any social responsibility (over and above turning a profit) and if it does what should such a responsibility amount to?”. I feel as though profits are a huge part of what a business should focus on, it should not be the only thing. I learned in one of my business classes that a corporation acts as a fictitious person. It bears the responsibility of any all decisions, good and bad. The benefit of a corporation versus sole proprietorship is that the business takes on the debt, not the sole proprietor. When the corporation goes belly up, the stockholders aren’t going belly up as well. So therefore, the corporation should be socially responsible, just as a person should be.

Sustainable development requires companies to meet their objectives while protecting the quality of life of their employees, surrounding community, and the environment. More than 40 years ago, Medtronic 's co-founder Earl Bakken provided the framework for the company 's sustainability strategy by formulating the company 's mission statement that has remained unchanged to the present day. "Medtronic has operated with a clear, compelling mission: To contribute to human welfare through the application of biomedical engineering in the research, design, manufacture, and sale of instruments or appliances that alleviate pain, restore health and extend life" ("Integrated,", 2016, p.4). This visionary mission statement also included a group of ethical guidelines such as the need to strive without reserve for the greatest possible reliability, to recognize the personal worth of employees, and to maintain good citizenship as a company. Those early tenets of corporate responsibility were the foundation of Medtronic 's current sustainability practices.

Is the deception of consumers worth making a profit? The Ford Pinto, popular car of the 1970s, made a profit off of a vehicle that endangered the lives of hundreds of people. In his essay “Pinto Madness” Mark Dowie, author and Pulitzer Prize nominee, exposed the unethical decisions made by Ford Motor Company. When it came to their customer’s safety and profit for the company, Ford made a decision that led to consequences their customers had to pay the price for. Should the business be held accountable for these actions? In his essay “The Social Responsibility of Business Is to Increase Its Profit” Milton Friedman, powerful economist, discusses what a business should prioritize in the economic system. Friedman declares what a business is responsible for and the guidelines they must follow. Due to Friedman’s view, he would not have condoned the actions and decisions that the executives at Ford Motor Company took.

Examine Apple’s current position on the company’s ethical and social responsibilities, and determine whether or not the company has met these responsibilities. Provide two (2) examples that support your position.

According to Quote Addicts.com,’’The regulatory framework of missiles, much of which is new and untested, possesses significant challenges and resource implications for the private sector.’’ This quote explains that the making of missiles and the framework of missiles have evolved and are being constructed in a more advanced way. Missiles are made up of many different parts, which help them to do many things such as to fly,to navigate,and to communicate with their controller. For example,the patriot missile has a jet engine with air intake which helps the missile fly through the air. The patriot is just one missile type. Interestingly, there are many different kinds of missiles which are designed in different ways for various purposes. Overall, this is what the quote by Quote Addicts explains.

Raymond James is a financial service holding company with subsidiaries specializing in investment banking, financial planning, investments, and asset management. The company was founded in 1962, has been public since 1983, and was founded in St. Petersburg, Florida. In June 2016, Raymond James joined the Fortune 500 list for the first time. This paper will address the corporate social responsibility and ethics of this financial institution (Raymond James).

MF believed that a business itself cannot have any social responsibility. Only the people who own or are affiliated with the business can have any form of social responsibly. His article, A Friedman Doctrine--: The Social Responsibility of Business if to Increase Its Profits, outlines what this means for a business’s corporate executive. The corporate executive is the employee of the business owner and, therefore, is directly responsible to them. Friedman states that the corporate executive’s responsibility, “…generally, will be to make as much money as possible while conforming to the basic rules of the society, both those embodied in law and those embodied in ethical customs (Friedman).” In this sense, the corporate executive’s role

Minor income (MR) is the adjustment altogether income because of a unit change in amount. So also minimal cost (MC) is the additional cost of producing a unit. These two ideas are extremely helpful in ideal designation of assets.

It has been a long time since I defined the most fundamental and strong motivation of corporations is maximizing business profit. Even after the proposal of corporation social responsibility, I assumed that only the result of unharmed business operation can make company start to consider social responsibilities and until they increased their profits they will remain no more than a bystanders from external issues be it social or environmental.