Social Responsibility Essay
1. What is the impact of Corporate Social Responsibility from a company’s view? i. How do companies educate associates about the impact of Corporate Social Responsibility and how everyone can be involved? ii. How do companies educate the community about the contributions to them? iii. An example of a Social Audit and how it measures Corporate Social Responsibility.
2.What is the impact of Corporate Social Responsibility from a stakeholder’s perception? i.How is Corporate Social Responsibility measured from a stakeholder’s perspective? ii.How are ethics measured with Corporate Social Responsibility? B.Why is there a need for Corporate Social Responsibility to be present in organizations? 1. What would be the result if Corporate Social Responsibility wasn’t practiced? i.Employee’s moral ownership placement.
i. Profits equal a happy company with engaged associates. A.Examples of organizations with good Corporate Social Responsibility practices. 1.Carnegie Steel –Giving back to the community. 2.Sears- Creating strong structural practices that made them invaluable to merchants. II. Management Experts and their views of Corporate Social Responsibility A.Peter Druker “The Father of Modern Management” and his views of Corporate Social Responsibility. 1.Peter
Drucker’s coined term “knowledge workers”. 2. Management by Objectives- how it effects leaders. ii. Peter Drucker’s contribution on how to make workers more effective in the workplace.
B. A Comparison of William Cohen’s View on Corporate Social Responsibility 1. Corporate Social Responsibility vs. Business Ethics i. How business ethics is defined in the Corporate Sector. ii. How business ethics is utilized in the Private Sector.
iii. How business ethics is demonstrated in the Government Sector. 2. To demonstrate the views of Cohen’s vision of Corporate Social Responsibility to Peter Drucker and Friedman
i. Cohen’s concepts of Corporate Social Responsibility and how they relate to current ethical practices in the world of business. ii. Foundation of Integrity
IV. Peter Druckers Views of Corporate Social Responsibility A.Governments can’t solve problems.
1. It takes financial resources from a private sector to reconcile the need. 2.Private sector has less “red tape” to encounter and able to implement at a faster rate. B.The need and cause for social responsibility in an organization. 1.Morals and the “mirror test”.
2.Great leaders have integrity and moral responsibility.
i.Andrew Caregie donated from his private fortune.
ii.Julius Rosenwald practiced Corporate Social Responsibility as a business practice. C.Competitive advantage in social responsibility.
1.Developing great leaders.
5 2.Creating work environments that stimulate growth with the
associates. D.The important role of leadership.
1. Non-governmental agencies are more productive for societal manner. 2.Private sector has more of a stake in helping mankind.
3.Being profitable and still able to supply need.
VI. Milton Friedman’s Views of Corporate Social Responsibility A. Corporate Social Responsibility is about profitability.
1. “Social Conscience” of the businessman’s responsibilities. 2.Political Agenda’s have a tendency to skew the legitimacy of company’s perception of being responsible. i.Offering proper employment sustainability.
ii.Impact on the environment.
B.Corporate Social Responsibility outcome of a steady flow of capitalism. VII. William Cohen’s Views vs. Milton Friedman
A. William Cohen believes that Corporate Social Responsibility can be achieved through strong moral leadership. B.Milton Friedman believes that companies display Corporate Social Responsibility as way to become more profitable.
6 VIII. Green Environment and the impact of Corporate Social Responsibility A. Companies are to be held responsible for their actions for the products and services that they represent and how they impact society and the environment. 1. The Value of being green and how it strengthens a company’s bottom line. 2.Consumers demands for green products and doing business with companies that have green practices in place. i. Consumer engagement and enhancing public image.
ii. Attracting a better talent pool.
B.Businesses are to protect the economic system.
1.Curb appeal for new investors.
2.Long-Term savings and big profits in the future. i.UN Global Compact –An agreement with more than 8,000 businesses to demonstrate good global practices in the area of labor standards and environmental protection. ii.Wal-Mart’s Sustainability Goals and how they feel as the world’s largest retailer they owe a responsibility to the environment. iii.How companies should respond to environmental incidents. IV Conclusion
Beeb, G. (2012). Character Formation. Leadership Excellence 29 (6), 20 Cohen, W. A. (2009). What Drucker taught us about social responsibility. Leader To Leader 2009 (51), 29-34 Drucker, P. (1981). What is business ethics? Public Interest 63 18-36 Eweje, G., & Wu, M. (2010). Corporate response to an ethical incident: The case of an energy company in New Zealand. Business Ethics: A European Review 19 (4), 379-392 Friedman, M. (1970). The social responsibility of business to increase its profits. New York Times 32-33, 122-124, 126