The Theory Of Social Responsibility

Social responsibility is generally regarded as a duty of an organization’s management towards the benefit and well-being of the society in which it is engaged. The organization must behave ethically considering the social, cultural, economic and environmental issues.

Because corporations are established to profit and shareholders invest money with expectations of a greater return, managers cannot be given a directive to be “socially responsible” without providing specific criteria of checks and balances to which needs to adhere. Therefore, it is imperative to the success of a corporation for managers to not act solely but rather to act within the policies of the shareholders.

or so many years our society has been thinking of forming new creative and innovative businesses, which would be more environmental and customer friendly. Nowadays a large number of different companies follow the social, ethical, as well as moral consequences when it comes to their decision making. One of the relatively new concepts involving economic and social concerns is Corporate Social Responsibility. Many of us apply this approach not only at work, but also in everyday life without even recognizing.

There are conflicting expectations of the nature of a company’s responsibilities to society. However, those companies that undertake what may be termed ‘Corporate Social Responsibility’ must decide; what are the actual social responsibilities of these companies? I will present a possible paradigm. Also, I will look at the benefit to the business that employs proper management as compared the business with poor management. This research paper describes my view of corporate social responsibility and compares the social responsibilities of Delta Air Lines and Spirit

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.

In this paper I am going to discuss and explain my opinion on why a company Q is or is not socially responsible in the following areas company Q close a couple of stores in high crime areas, company Q started offering a very limited health conscious an organic products, company Q was approached by the local food bank for donations of day old food and company Q declined the donation request from the food bank and started throwing the food away, and company Q suspected possible fraud among its employees.

Social responsibility is a construct of appropriate ethical behaviors, where two or more individuals, and corporations strive to provide better outcomes for the benefit of society as a whole. With such a set of meticulous structured frameworks in mind, it is fundamental to achieve a harmonious balance between the ecosystem and the developing economy. However, social responsibility is not always first and foremost on the mind of big name corporate companies – such as General Mills Inc.

The Business Dictionary defines social responsibility as, " A company's sense of responsibility toward the

The prevalent view of business’ social responsibility is Milton Friedman’s agent-owner theory. His thesis mainly says that“ There is one and only one social responsibility of business – to use its resources and engage

Many theories that are postmodern theories are related to reality in mediated communication than most of the modern global theories. According to Kamalipour (2006), “One of the earliest attempts to think about media internationally was a book published in the 1950s entitled Four Theories of the Press (Siebert, Peterson, & Schramm, 1956). Its authors set out to create what is sometimes called a taxonomy, which means dividing up all the various versions and aspects of a topic into systemic categories and sometimes subcategories as well. The taxonomy the authors proposed was that the world’s various versions and aspects of a topic into four categories or models: authoritarian, Soviet, liberal, and social responsibility” (p. 23).

Carroll (1991) organized different corporate social responsibilities as a four-layered pyramid model and called it the pyramid of responsibilities. The four different responsibilities - economical, legal, ethical and philanthropic are the layers of the pyramid. Corporate social responsibility involves the conduct of a business so that it is economically profitable, law abiding, ethical and socially supportive. To be socially responsible then means that profitability and obedience to the law are foremost conditions when discussing the firm’s ethics and the extent to which it supports the society in which it exists with contributions of money, time and talent”. And the different layers in the pyramid help managers

Social Responsibility is the idea that a company should embrace its social responsibilities and not be solely focused on maximizing profits. Social responsibility has a hidden connotation attached to it, which is awareness. When I hear the phrase “being socially responsible,” I think of the repercussions that come with not being socially responsible. According to ASQ.com, social responsibility is “The responsibility of an organization for the impacts of its decisions and activities on society and the environment, through transparent and ethical behavior that: contributes to sustainable development, including health and the welfare of society” (ASQ, 2016). It also, “takes into account the expectations of stakeholders” (ASQ, 2016). In addition, social responsibility “is in compliance with applicable laws and consistent with international norms of behavior” (ASQ, 2016). Finally, it “is integrated throughout the organization and practiced in its relationships” (ASQ, 2016).

Milton Friedman was an American economist, statistician and writer, who had a massive impact on the research agenda of the economics profession. His famous words “the only responsibility of business is to increase its profits” (Friedman, Milton. 1970) led to many controversial debates on whether businesses should have ethics or if profit should be their main goal. Corporate social responsibility has many definitions, as its interpretation is quite loose, so I have chosen one that relates the most to this essay, given by the World Business Council for Sustainable Development, in 2000: “Corporate social

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

1. Professor Ballistico is the director of the Foodcorp Centre for Food Science at BigCity University. The Foodcorp donated the money to the University in order to set up the research centre and to fund its activities. Professor Ballistico had a recent research which showed the results of the higher risk of the additives. However, the additives in the research were common in the products of the Foodcorp. The main ethical issue is that if Professor Ballistico publishes the results, it is possible that the Foodcorp will go trouble and the funding to the University will be affected. The University relies on the funding. If the results are not published, the responsibility to report the risks of the additives of Professor Ballistico will be