What Is The Social Responsibility Of Business Essay
Social Responsibility of Business Organizations Essays
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Social Responsibility of Business Organizations
Social Responsibility, some may say it is an organization’s duty to behave in an economically and environmentally sustainable manner. Well, there is more to it than just that. There are four key theories or guidelines that must be followed to maintain a status of good social responsibility. A company has one a duty to its shareholders, two the duty to maximize profit and avoid harm, three a responsibility to its employees and others who may be dependent on that specific company, and last but not least they have the duty to do good to the world.
In the movie “A Civil Action”, Jonathan Harr and Steven Zaillian, starring John Travolta, you see how hard it is to distinguish who wins…show more content…
Not only is the company jeopardizing their employees’ jobs and incomes, but also most of the families the companies harmed were their own employee’s families. When it comes to doing good for the world that was the very last thing that they were doing. How is contaminating a person’s drinking water good for the world? People are what sustain the earth, and these companies are killing off the future of tomorrow. Other living creatures and plants were most likely harmed in the process as well. Trees take is water from the ground and the ground takes in the water from the rivers and animals drink from those same rivers and fish swim in them. These companies showed the worst lack of responsibility anyone possibly could. Once you start the cycle of being irresponsible it is like a chain reaction that harms everyone including yourself.
John Travolta’s character Jan Schlichtmann, on the other hand was more of a mix when the issue of social responsibility came up. He was trying to maximize his law firm’s profits and he was not putting anyone in harms way. On the other hand if you were an employee or a shareholder of the firm you were probably not to thrilled by the whole thing. Due to the extensive research it took to build the case all the other lawyers and employees lost everything. The law firm had nothing coming in as profit, they only had money going
Social Responsibility In Business Organization Essay
Definition of business organization
Business organization is an organization that provides good or services in order to earn profit. Indeed, the prospect of earning profit is the different between a business's revenues and its expenses that is what encourages people to open and to expand business. The principal purpose of a company is not to make a profit. It is to make a profit in order to continue to do things or make things, and to do so ever better and more abundantly. To say that profit is a means to other ends and not an end and semantic quibble, it is a serious moral point. A requirement is not a purpose. In everyday life those who make the means into ends are usually called neurotic or obsessive. We have to eat to live, but if we live to eat we become distorted in more senses than one. In ethics, to make the means for the ends is to be turned in on oneself, one of the worst sins. So, in my opinion, business organization in today's society cannot avoid defining some socially responsible role for itself.
Definition of social responsibility
Social responsibility is the managerial obligation to take action that protects and improves both the welfare of society as a whole and interests of the organization means, not an end. We have sought to demonstrate social responsibility ourselves, and hope through education to inspire other businesses and organizations to examine social responsibility. Business organizations operate in a context that is much broader than just their immediate marketplace. Their activities have social, economic and political consequences whose impact may be felt on a local, national or even international scale. Even small, local businesses have a large social impact collectively. Stakeholders - customers, suppliers, employees, the local community; in fact everyone who comes into contact with a business - have the right to demand accountability. Dimensions of social responsibility encompass: how the business uses human resources, the extent of community involvement, the environment impact of the business, an analysis of the product or services the business produces. To be socially responsible, a business must have a clear, rational definition of social purpose, a system of setting priorities based on their social implications, and a structured, integrated approach to financial and social action. Implicit in social responsibility is a new definition of success for small business.
Area of Social Responsibility
When defining its sense of social responsibility, a firm typically confronts four areas of concern: responsibilities toward the employees, environment, customers and its investors.
Social responsibility towards employees
In the best tradition of participative management, the organization...
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