What Is Social Responsibility?

Social responsibility makes a company more competitive and reduces the risk of sudden damage to the company’s reputation and sales.

Social Responsibility can be broken down into 3 parts, the companies benefit to society, how they follow policies and their performance of their obligations. It is hard to decipher who and what companies are socially responsible to. A company decides what they are doing if it is going to benefit shareholders or stakeholders. The shareholders are those who are in the company that benefit from it by maximizing the profits. On the other hand, the stakeholders are those who use the company and are impacted directly by what the company does. These people include customers, suppliers and the community. Companies receive more positive feedback

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.

By engaging with social causes in a variety of ways, a corporation can learn about new territories, product applications, cultures, and markets. Many companies seek to empower the poorest sector of the population, both at home and

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.

Company Q is a grocery store located in a high traffic area. As a company they are socially responsible when it makes them money. Company Q was socially responsible when it came to giving the customers what they wanted, in this instance it was organic food. As a company they knew that they could make money off the customers buying higher end food. However Company Q wasn't socially responsible when they were asked to donate the day old food to the food bank. They wouldn't be gaining any money from this, they would be loosing money. The money that they spent to either buy this or make the product would be gone. Overall I would say that Company Q is not a socially responsible company. You can't be socially responsible only when it is a convenient

In the scenario involving Company Q, I do not believe that the company was being socially responsible, but instead are acting only on what benifits their company. Social responsibility is defined as "an ethical framework which suggests that an entity, be it an organization or an individual, has an obligation to actfor the benefit of a society at large" (Kalinda, 2001) and there were two examples described that proved Company Q was only concerned with its' own profits. Firstly, the company decided to close two stores in needed areas simply because of the crime rate and they were losing money, even though consumers needed somewhere to buy their groceries. In a socially responsible situation, the store would've remained opened, reinforcing security,

There are many reasons for companies and corporations to become involved in socially responsible causes such as giving back to the community, boosting company morale, and an increase in sales and/or community support.

Social responsibility is built on a system of ethics, in which decisions and actions must be ethically validated before proceeding. If the action or decision causes harm to society or the environment then it would be considered to be socially irresponsible. Being socially responsible means that people and organization must behave ethically and sensitivity towards, social, cultural, economic, and environmental issues. Striving for social responsibility helps individuals, organization and government to have a positive impact on development, business and society. Often, the ethical implication of decision/action are overlooked for personal gain and the benefits are usually material. This frequently manifest itself in companies that

Social responsibility is very important for companies. Companies should not be solely focused on maximizing profits. They should develop the business with a positive relationship to the society in which they operate. Organizations must behave ethically toward social, cultural, economic, and environmental issues. Walmart has succeeded with social responsibility. The company goes beyond compliance to make a

A corporation that says it is socially responsible, claims that they are concerned for society's welfare; which also includes the environment, because now days, we are a lot more concerned about our environment and how everything affect it. The corporation will make sure to insure those values within the company and also to its partners. ("Social responsibility in Marketing," 2012 - 1998) Also, if a corporation says it is ethically responsible and it really is, it shows to their customers and partners their integrity

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

Corporate social responsibility is the voluntary stance or set of actions from a corporation that demonstrate a contribution to a better society and a cleaner environment. Corporations are already required to operate within the law, but laws do not always protect all people or individuals who will be affected by the corporation’s actions. In addition to this, it is very common for special interests to play a part in legal decisions through lobbying efforts, so it is assumed to be an additional effort for a corporation to be socially responsible. Being socially responsible essentially comes down to being considerate and calculated in the decision making process, paying attention to the consequence of every action. In the ethical decision making model, there are two particular steps that I believe to be of greater importance than the others. The first would be that of

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.

As human beings, we need and seek accountability; we are driven by the need to know and to be in the know. We rely on the ability to conclude swiftly and truthfully. The more we understand the better grasp we can take about a situation. However, the idea of social responsibility is one that seems to continually be ignored or missed by many. More often than not, the ones we place as a pillar of society are the frequent offenders of this act. Many fail to rise to the occasion and accept accountability for the consequences of their actions while accountability and responsibility fall hand in hand. We must learn to accept responsibly as a community, not only for each other’s actions but ours as well. We learn that one action does, in fact, speak for the whole. Together we will critically evaluate the societal claim that we fail to accept responsibility and accountability due to the impression of community pillars, the morals and ethics we hold, and the effects of the societal social groups.