Responsibility Essays

Responsibility Essays-3
In the 2002 Sustainability Survey Report by Pricewaterhouse Coopers, the following were the reported reasons why corporations were deciding to be more socially responsible: (1) enhanced reputation, (2) strategic competitive advantage, (3) cost savings, (4) industry trends, (5) CEO/board commitment, (6) customer demand, (7) SRI demand, (8) top-line growth, (9) investor demand, and (10) access to capital.Among the 100 Best Corporate Citizens identified by Business Ethics magazine are numerous corporations engaging in CSR practices, including Cummins, Inc., of Columbus, Indiana, which has reduced diesel engine emissions by 90 percent (far more than legally required); Xerox Corporation of Stamford, Connecticut, which has implemented its Employee Social Service Leave Program for selected employees to take a year off with full pay to work for a community nonprofit organization; and Green Mountain Coffee Roasters of Waterbury, Vermont, which assists developing countries by paying “fair trade” prices, that exceed regular market prices, and offering microloans to indigenous coffee-growing families.

In the 2002 Sustainability Survey Report by Pricewaterhouse Coopers, the following were the reported reasons why corporations were deciding to be more socially responsible: (1) enhanced reputation, (2) strategic competitive advantage, (3) cost savings, (4) industry trends, (5) CEO/board commitment, (6) customer demand, (7) SRI demand, (8) top-line growth, (9) investor demand, and (10) access to capital.Among the 100 Best Corporate Citizens identified by Business Ethics magazine are numerous corporations engaging in CSR practices, including Cummins, Inc., of Columbus, Indiana, which has reduced diesel engine emissions by 90 percent (far more than legally required); Xerox Corporation of Stamford, Connecticut, which has implemented its Employee Social Service Leave Program for selected employees to take a year off with full pay to work for a community nonprofit organization; and Green Mountain Coffee Roasters of Waterbury, Vermont, which assists developing countries by paying “fair trade” prices, that exceed regular market prices, and offering microloans to indigenous coffee-growing families.

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The distinction between ethical and discretionary responsibilities is that the latter are typically “desired” by society and not expected in a moral or ethical sense.

In summary for Carroll, the socially responsible corporation should strive to make a profit, obey the law, be ethical, and be a good corporate citizen.

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There are many good ideas that you can use to start writing your responsibility essay, and you should view this concept from different perspectives.

He proposed that CSR encompass economic, legal, ethical, and discretionary expectations that society has of organizations at a given point in time.

This definition provided individuals with categories with which to quantitatively state the nature or kind of obligation that business had toward society.Bowen’s book Social Responsibilities of the Businessman (1953) that originated the modern debate on the topic.Bowen reasoned that there would be general social and economic benefits that would accrue to society if business recognized broader social goals in its decisions.Second, CSR entails meeting legal obligations at the local, state, federal, and international levels.Society charters and allows the business to function and enacts the laws and regulations under which business is expected to operate.These codified rules are the formal framework within which business is expected to generate prosperity; they represent the public boundaries of acceptable business practice. Ethical responsibilities refer to those activities and practices that are expected, or prohibited, by societal members even though they may not be codified into law.They embody the range of norms, standards, or expectations about business activity that reflect a concern for what major stakeholders such as consumers, employees, owners, the community, and others regard as fair or just.However, in order for managers to engage in CSP they needed to have a basic definition of CSR, identification of stakeholders to whom the firm had a responsibility, and a pattern of responsiveness to CSR issues.Carroll noted that the traditional view, advocated by the eminent economist Milton Friedman—that the only social responsibility of business was to legally make a profit for its investors—was inadequate to describe the judgment of many business leaders and did not reflect the changing expectations of domestic and global societies.The ethical responsibility embraces a response to the “spirit” of laws and regulations and helps guide business actions in those decision areas in which regulations are ill-defined or nonexistent.Some view the law as the ethical minimum or “floor” on business behavior, whereas the ethical manager or firm is often expected to operate above the minimum required by law.

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