Preview

Should Businesses Take the Lead in Social Responsibility

Good Essays
Open Document
Open Document
1285 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Should Businesses Take the Lead in Social Responsibility
xxx company: we will donate 5% of our profit for every bag we sell to the starving children in Ethiopia . then there may be some pictures of the poor little kids looking at you with sad eyes hoping that you will help them. this is a common tactic used by companies.on the surface you will think that wow the company is so kind hearted i must buy more to help the little kids but behind the scenes, there are scheming corporate heads who just want to make use of such things to earn more profit. so should businesses take the lead in social responsibility the answer is no of course if you only consider this. however, the world is much more complicated and so is this situation. sure their reasons are wrong but they are much more effective than NGOS and governments in helping the poor and engaging the masses. furthermore since there is no use crying over spilt milk, the ones causing the most problems, businesses should take the lead to solve and prevent them . thus i believe that business should take the lead in social responsibilities.
Plutarch the legendary ancient writer who among other great leaders wrote of Cimon. In Plutarch’s words “he had all the fences on his fields taken down so that not only poor Athenians but even strangers could help themselves freely to whatever fruit was in season”. There was no hidden agenda in cimon’s actions, he purely wanted to help the less fortunate. That should be the only reason behind social responsibility. However, can this ever be the only reason to be socially responsible when it comes to profit maximising businesses? No, definitely not possible. being socially responsible has unfortunately become a excellent marketing strategy used by many companies, especially when the company pledges to give a certain amount of money for every X amount it earn, it also helps to build a good reputation for the company.Even a child can tell you that when we help someone, we should not be expecting anything in return. Yet, companies are

You May Also Find These Documents Helpful

  • Satisfactory Essays

    I think we would all agree that the primary objective of any business is to make a profit. While this may be true, there is a strong correlation between being financially successful and morally and socially responsible. It would appear that company Q has disregarded the latter. In order to succeed in any given environment, one…

    • 726 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    In the other hand companies have to limit the excess damage on the environment, and help people in the economic development this is a way of behaving ethically in a business, cooperate with loyal spirit, ethical values, global measures and develop a general positive impact of the business on the society. when a company choose to be socially responsible they better be prepared to go through some difficulties and critics about the way they operate, and the goals they want to achieve and must not forget the main purpose of the business which is making profit,…

    • 1797 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    With the introduction of worldwide markets, small corporations have had to make great sacrifices in order to excel, social responsibility being one of the first cuts. Response to the rights of consumers, social responsibility not only enhances the lives of the communities that companies depend on, but also improves the value of businesses, the way their stakeholders are treated and it helps to boost reputation.…

    • 777 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Business is important to a country’s economy because it is its backbone. It is a constant battle for a better means of living. The economy gives individuals jobs and the ability to sustain themselves.…

    • 1041 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Thirty-five years ago, Milton Friedman wrote a famous article for The New York Times Magazine whose title aptly summed up its main point: "The Social Responsibility of Business Is to Increase Its Profits." Friedman had no patience for capitalists who claimed that "business is not concerned 'merely' with profit but also with promoting desirable 'social' ends; that business has a 'social conscience' and takes seriously its responsibilities for providing employment, eliminating discrimination, avoiding pollution and whatever else may be the catchwords of the contemporary crop of reformers." Friedman wrote that such people are "preaching pure and unadulterated socialism. Businessmen who talk this way are unwitting puppets of the intellectual forces that have been undermining the basis of a free society these past decades."…

    • 2335 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Lastly, companies lack the analytical capabilities to measure the performance and value that their internal social networks bring. There are no measures in place to monitor and scientifically annotate how these social networks improve business transactions, or if employees are even using them properly or even to their full extent. Issues you see are few improvements, or lack of proof that social networks are impacting productivity positively and fewer see the positive impact to finances.…

    • 951 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Companies that use socially responsible are Marks and Spencer. They have done this by creating an operation call Plan A where they are able to generate £185 million from just reducing costs. Saving this amount of money they are given the opportunity to expand the M&S brand, this is one of their main objectives where they want to have a M&S store within a 30 minutes radius of each customer. With M&S saving £185 million they have been able to a positive relationship with the community that they are in. What they have also done is that they have been cleaning out the community’s lakes and rivers this is very good as they will be looking to show that they are caring about the environment, being social responsible is a very good marketing strategy as they will be gaining publicity, and this will lead to more people becoming more aware that M&S are looking after the environment and people will be willing to support the idea. They will be doing this through shopping at M&S.…

    • 857 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    I do think that, for modern corporations, the Board of Directors have responsibilities to encourage socially responsible behavior.…

    • 472 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    1. If you were the manager of “Bally’s Grand Casino”, would you treat Elaine Cohen any differently? What would Friedman (“Increase Profits”) and Allen (“Schizophrenic Conception”) advise the manager to do? Use ethical methods and legal concepts to support your position.…

    • 1130 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Company Q and Social Responsibility Social responsibility is a key attribute for businesses in the market today. When consumers look to spend their disposable income, they look for businesses that not only offer the right product, at the right price, but that also offer great service. Great service can include anything from friendly employees to community involvement. That is where social responsibility becomes apparent in a company’s ethics and values. If a company has a strong tie to the community and demonstrates social responsibility, their consumers will consider this a positive quality and it will separate them from the competition. In this case study with Company Q, they are lacking in the area of social responsibility. There are three major areas where the company can immediately make positive changes to improve their social standing in the neighborhoods where they operate. Making these changes and becoming more socially responsible is crucial for this company to see longevity as a business and to increase their market share. They will eventually lose patrons and income if they are not careful with how they manage their company’s interaction with their community. The first area for them to review is the closing of stores in high crime areas. Company Q has cited the reason for closing these stores as low sales and lost revenues in that area. Closing these stores has negative impacts on the company image. Consider the employees that are now without work. Even the extended community could view Company Q as the “bad guy.” It can be displayed as an attitude that the company cares more about the bottom line than the people in the area that would potentially be supporting the company. To improve in this area, Company Q should be challenged to interact with the community to determine why their sales are lower and what products would be beneficial to the neighborhood. Since the neighborhood is not as affluent as…

    • 859 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Read the Debate on pp. 194-99 ("Putting Customers Ahead of Investors" by Jack Mackay, and "Put Profits First" by T.J. Rodgers). Write a 4-5 page argumentative essay arguing for or against this issue: What is the Social Responsibility of Business?…

    • 1294 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    yes,Although there might be evidence in the case of social networking being a failure, the environment is very dynamic and technology is growing rapidly. Consumers are also becoming tech-savvy and investing more into gaining access to the internet. We live in a global village and as such, managers should properly invest in an internal enterprise social network and at the same time, work with employees to learn about the new software. They should always encourage and motivate those who will be resistant to the change.…

    • 264 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Corporate scandals in business world have been more and more common, which damages the interest and profits of stakeholders, employers, community or society. The corporate scandals pull the public to focus on the ethic of managers and the firm itself. Comparing to the past, customers are focusing more and more on the reputation of the firms and they prefer to select the brands that are environmentally friendly and socially responsible when they buy products or service. This change pushes firms to maintain their reputations with more efforts. Corporate social responsibility has been a hot topic in business world today, which is an important part of building brand image while brand image is a value for firms. This essay holds the statement that business should always be ethically and socially responsible. Firstly, it gives the several definitions of business ethic and corporate social responsibility briefly. Subsequently, it outlines the pros and coins for addressing corporate social responsibility. Following this, it discusses the negative effects caused by corporate scandals with several real cases likeToyota, Bernard Madoff and Enron. Finally it discusses the benefits when business is ethically and socially responsible with the examples of Procter & Gamble and Li Ka-shing.…

    • 2233 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    The argument for social responsibility is that businesses cause some of society’s problems so they should be responsible for fixing the problems. Also, because businesses have lots of resources they are in a position to provide help and so they should be obligated to do so. Some arguments against social responsibility are that if businesses are involved in social programs they will have too much power over the decisions made. Also, there is potential for conflicts…

    • 539 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    First of all, businesses earn profits through the purchases of goods and services of consumers. I agree that the biggest aim of businesses is profit maximization. However, as time goes by, more and more people concern about the social responsibility of firms, especially when the global economy falls into the trough. Entrepreneurs create their fortunes by forecasting demand of people, but to speak more precisely, the society turns their dream of wealth into reality. This is why the firms should take the needs of the whole society into account apart from profit earning. In fact, more and more well-known enterprises have been commencing on various charitable projects, this reflects the trend of expressing care and love to the society in the global business environment nowadays. In 1999, the announcement of ‘The UN global compact’ by…

    • 575 Words
    • 3 Pages
    Satisfactory Essays