Management Assignment 4
DORRIEL TROSS-PHILLIP
Student #AC1211389
Assignment # 04
C15J: Principles of Management
Date: October 7th, 2014
Part A
Question 1: Using your own words, briefly describe what social responsibility means to you?
Social Responsibility is the belief that corporations have responsibilities to conduct their affairs ethically to benefit employees and the larger society. Social responsibility thus means that a businesses organization exist to do much more than make money; they exist to use the power of business to solve social and environmental problems. Social Responsibility shows that a business organization has a duty to conduct its affairs in an ethical manner that is beneficial to both its employees and society. Most businesses have a lot of power in the community in which they operate and thus they should make socially conscious investments and programs to assist these societies. Some of these investments and programs can include devoting real time and money to environmental sustainability programs, alternative energy/going green and various other social welfare initiatives to benefit employees, customers, and the community at large. In short social responsibility occurs when a business organization encompass a short-term costs that do not provide an immediate financial benefit to the business, but instead promote positive social and environmental change.
Question 2: Do you think business organization should be social responsible? Provide two (2) supporting facts to justify your response.
I think business organizations should be social responsible.
Social responsibility makes businesses organizations more sustainable in the long term. This means that when businesses make decisions that shows social responsibilities it will eventually leads to improved prospects and long term survival of the organization. Business organization should therefore consider the environment in which they operate and take careful contemplation of the ramifications of their activities
Student #AC1211389
Assignment # 04
C15J: Principles of Management
Date: October 7th, 2014
Part A
Question 1: Using your own words, briefly describe what social responsibility means to you?
Social Responsibility is the belief that corporations have responsibilities to conduct their affairs ethically to benefit employees and the larger society. Social responsibility thus means that a businesses organization exist to do much more than make money; they exist to use the power of business to solve social and environmental problems. Social Responsibility shows that a business organization has a duty to conduct its affairs in an ethical manner that is beneficial to both its employees and society. Most businesses have a lot of power in the community in which they operate and thus they should make socially conscious investments and programs to assist these societies. Some of these investments and programs can include devoting real time and money to environmental sustainability programs, alternative energy/going green and various other social welfare initiatives to benefit employees, customers, and the community at large. In short social responsibility occurs when a business organization encompass a short-term costs that do not provide an immediate financial benefit to the business, but instead promote positive social and environmental change.
Question 2: Do you think business organization should be social responsible? Provide two (2) supporting facts to justify your response.
I think business organizations should be social responsible.
Social responsibility makes businesses organizations more sustainable in the long term. This means that when businesses make decisions that shows social responsibilities it will eventually leads to improved prospects and long term survival of the organization. Business organization should therefore consider the environment in which they operate and take careful contemplation of the ramifications of their activities
References: 1. www.mckinsey.com