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Argument For Corporate Social Responsibility - 1082 Words

Arguing for Corporate Social Responsibility Introduction: The Corporate Social Responsibility (CSR) originated in 19537 with the publication of Bowen’s book Social Responsibilities of Businessmen (Carrol, 1999). Some perceived that at that time, the emphasis is placed on business people’s social conscience, rather than on the company itself. Some argue that corporate entities do not have any social responsibility except the ones that were written in agreement with government while establishing corporate entities, whereas others justify that corporate entities do have social responsibility. The roots of critics of CSR are so old that it is a challenge to the neoclassical business model itself (Valor, 2005). According to Smith (2005), there†¦show more content†¦Additionally he argues that CSR is against the nature of a free economy But, there are some evidences to counter argue to this premises. We argue that firms often engage in CSR â€Å"precisely because it enhances shareholder value† and, more specifically, that some CSR activities â€Å"create goodwill among consumers in excess of their price tag. Margolis and Walsh (2001) reviewed the studies that investigated the relationship between CSR and the corporate financial performance in past 30 years. They found that more than 50% of the studies shown that CSR performance of the company is positively related with the corporate financial performance. Competitive Disadvantage Friedman (2007) further argues that socially responsible firms will be at a competitive disadvantage due to the added expense incurred by CSR activities. Counter to this Smith (2002) with the evidences drawn from the case of Alfred Sloan’s decision proves that CSR doesn’t bring the competitive disadvantage with it. He argues that, firms that have good SCR record in public will be given better brand image and the investors will show more trust in such companies. Hence even though the companies initially lose their part of profit o CSR, they will after a period of time, attract more and more investors and broaden their consumer base which improves both the investment and gives advantage of efficiency due to large scale of operation. Farness argument: Argument For Corporate Social Responsibility - 1082 Words Arguing for Corporate Social Responsibility Introduction: The Corporate Social Responsibility (CSR) originated in 19537 with the publication of Bowen’s book Social Responsibilities of Businessmen (Carrol, 1999). Some perceived that at that time, the emphasis is placed on business people’s social conscience, rather than on the company itself. Some argue that corporate entities do not have any social responsibility except the ones that were written in agreement with government while establishing corporate entities, whereas others justify that corporate entities do have social responsibility. The roots of critics of CSR are so old that it is a challenge to the neoclassical business model itself (Valor, 2005). According to Smith (2005), there are five major arguments against corporate social responsibility. These are the problem of competing claims, competitive disadvantage, competence, fairness and legitimacy. We will discuss below the arguments made against the concept of CSR and also we will counter argue these prepositions. Is only social responsibility of business is to create shareholder wealth? First important arguments against CSR come from Friedman (2007). He argues that CSR is not in the shareholders’ interest and the idea that companies have a responsibility to act in the public interest and will profit from doing so is fundamentally flawed.. He argues that moral responsibility of the company is also to maximize the benefits for its shareholder. And spendingShow MoreRelatedArgument For Corporate Social Responsibility1082 Words   |  5 PagesArguing for Corporate Social Responsibility Introduction: The Corporate Social Responsibility (CSR) originated in 19537 with the publication of Bowen’s book Social Responsibilities of Businessmen (Carrol, 1999). Some perceived that at that time, the emphasis is placed on business people’s social conscience, rather than on the company itself. Some argue that corporate entities do not have any social responsibility except the ones that were written in agreement with government while establishing corporateRead MoreArguments for and Against Corporate Social Responsibility1004 Words   |  5 PagesWhat is corporate social responsibility? Give arguments for and against social responsibility? Ans. Social Responsibility Social responsibility can be defined as: â€Å"A business’s obligation to follow goals that are good for both organization and society in the long-term, and are not required by law.† Corporate Social Responsibility The term corporate social responsibility came in to common use in the early 1970s. It means the duty of an organization towards society in order to prove itselfRead MoreCorporate Social Responsibility and Single Strongest Argument1106 Words   |  5 PagesIdentify and explain the major factors in the social environment that create an atmosphere in which business criticism takes place and prospers. dasdasdassadasdasdadadasdadsdadasdasdassssssssssssssssssssss- ssssssssssssssssssssssssssssssssssssssssssssssssssssssssssss- ssssssssssssssssssssssscourse? Or is it still a vital reality? 4. Give an example of each of the four levels of power discussed in this chapter. Also, give an example of each of the spheres of business power. 5. Explain in yourRead MoreAflac : An Economic Argument For Strategic Corporate Social Responsibility1702 Words   |  7 Pages Aflac: An Economic argument for Strategic Corporate Social Responsibility Ruben Guardiola MNGT 5990 Corporate Responsibility and Society Prof. Brian Craven July 9, 2015 â€Æ' Introduction The company chosen for this case paper is Aflac, Inc. They are a life and health insurance company that markets supplemental insurance for individuals. Company insurance policies include cancer insurance, hospital intensive care, home healthcare, accident, and disability insurance. Products are marketed mainlyRead More: Critically Evaluate Corporate Social Responsibility as an Ethical Tool Basing Some of Your Argument on the Toyota Case Study1711 Words   |  7 PagesWhat Corporate Social Responsibility is Corporate Social Responsibility can be defined has an obligation beyond that required law and economics , for a firm to purse long term goals that are good for the society. This entails the continuing commitment by business to behave ethically and contribute to economic development while improving quality of the workforce and their families as well as that of the local community and society at large. Bhatia (2004) defined corporate social responsibility as aRead MoreCorporate Social Responsibility As Corporate Citizenship1417 Words   |  6 Pagescompetitive advantage can be obtained from intertwining social, as well as, environmental considerations into business from the very beginning. Through this process, businesses can come up with the next generation of ideas, employees and markets. Therefore, corporate social responsibility is a commitment to improve public welfare through flexible business practices, along with contributions of corporate resources. Corporate social responsib ility is all about ethical values and acquiescence with legalRead MoreEssay on managerial ehics1410 Words   |  6 PagesComplete Discussion Questions 3, 4, and 5 on page 27 of Business and Society. 3. Identify and explain the major factors in the social environment that create an atmosphere in which business criticism takes place and prospers. How are the factors related to one another? Has the revolution of rising expectations run its course? Or is it still a vital reality? Affluence refers to the level of wealth, and standard of living of the society. As the standard of living is increasing every year, peopleRead MoreViews on Corporate Social Responsibility Essay1005 Words   |  5 Pages Corporate Responsibility While the concept of an individual having responsibility is commonly recognized, modern views have lead to the emerging issue of corporate responsibility. Business Directory.com defines corporate social responsibility as, â€Å"A company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates. Companies express this citizenship (1) through their waste andRead MoreAssessment: Corporate Social Responsibility1308 Words   |  5 PagesA companys success is usually assessed in terms of its annual profits. However, this view does not take into account ethics and sustainability. Examine the arguments for and against CSR. Should all companies be required to incorporate CSR within their local community? Introduction Although corporate social responsibility (CSR) has become a buzz point in the American business world of today, assessment of its prerequisites indicates that the topic may be more problematic than seems at first flushRead MoreCorporate Identity, Corporate Branding And Corporate Reputations : Reconciliation And Integration1077 Words   |  5 PagesN. (2012). Corporate identity, corporate branding and corporate reputations: Reconciliation and integration. European Journal of Marketing, 46(7/8), 1048-1063. This article will be utilized to assist managers in aligning and optimizing brand and reputation, while academics will be able to use this framework for future empirical research. IT focuses on defining, reconciling and depicting corporate reputation among other constructs in a framework that assess the dimensions of corporate reputation

Why Did Alexander Invade the Persian Territory - 1235 Words

HST 225- 01-TRACEY MARTIN -042267773 â€Å"ALEXANDER THE GREAT AND THE HELLENISTIC AGE.† Why did Alexander invade the Persian territory? The question on why Alexander invaded the Persian territory has only been guessed at by historians in the past. The true reason why, may never be known. What is known however is the fact that Alexander had continued what many before him had done, invade the Persian territory. Rome and Parthia, had first clashed after Pompey had annexed the Syrian rump of the Seleucid empire in 64B.C., then there was Crassus in 53B.C., who was governor of Syria at the time, and was†¦show more content†¦Both Plutarch and Arrian agree that Alexander has indeed amassed a considerable debt, just with the upkeep of keeping his army functioning. The differences with the two accounts, is basically stated by Plutarch, who admits to using multiple sources for the information he has obtained following Alexander. Arrian, more than likely had used many of the same sources as Plutarch to gather a majority of his information. With Alexander’s father’s death, which Alexander quickly ascended to the throne of Macedonian, he had to quickly dispose of all of his enemies by ordering their exercusions, his father’s death had caused a lot of rebellion with the conquered nation, in which the Greeks had also seen as a chance for independence. Alexander was forced to act quickly to gain control, by the end of 336B.C, there was no choice but to except Alexander’s authority. Alexander had become enraged when rumors of his death had reached him, and he found out a major revolt had engulfed the nation. Alexander was quick in covering the 240 miles, and was quick in letting them know that he was still in fact alive, and that it wasn’tShow MoreRelatedAlexander the Great Essay1358 Words   |  6 Pagesthis god-like person be? What did he do to deserve to be portrayed in such an honorable way in the Greek society in the fourth century B.C? This statue is of a man named Alexander III of Macedon or more commonly known as, Alexander the Great. His father, King Phillip II, took the throne of Macedonia in 359 B.C.E and was able to turn Macedonia into the strongest military power in the entire Greek world. Macedonia was a state in the north eastern region of Greece. Alexander III of Macedon was born inRead MoreThe Epic Father-Son Battle: Phillip Ii Versus Alexander the Great5165 Words   |  21 PagesEpic Father-Son Battle: Phillip II versus Alexander the Great Chris L. Word Count: 1595 During the times of ancient Greece, perhaps one of the most influential and known powers was Macedonia. Macedonia’s empire existed from the 800s BC to 146 BC and is principally known for the accomplishments of it’s leaders: Phillip II and his son, Alexander the Great. Phillip II worked internally in the regions near Greece strengthening his country, while Alexander operated very far from Greece, conqueringRead MoreEssay A Historical Biography of Alexander the Great4466 Words   |  18 PagesA Historical Biography of Alexander the Great Alexander the Great lived before Christ, but he was driven by a vision of global unity as modern as today. Alexander is seen in many roles in our culture. The most famous of these is being a great general and conqueror of the world. During his short life, Alexander conquered the known world and helped spread the culture of the Greeks. Much of what he accomplished must be viewed in the circumstances of his time and his upbringing. Without theseRead MoreGenghis Khan s Success By Bloodshed, Violence, And War2090 Words   |  9 Pagesaccomplishments such as how he managed the overall wellbeing of his people and how he dealt and learned from other cultures. In history, renowned rulers usually commanded and restored the society in which they grew up. Examples include Julius Caesar, Alexander The Great, and Peter The Great. Unlike those leaders, Chingis Khan was not raised in a limited, institutional environment or community. The tribes he was raised amongst were volatile and, many times, only existed in an ad hoc basis in times of conflictRead MoreThe History of the Greeks: Hellenic and Hellenistic6253 Words   |  26 Pagesreligious institutions. The citizens of each polis had a desire to maintain a bond with the gods. The city-states were originally in Greece, with Athens being the largest, however, because of the growing population, the Greeks needed to expand their territory. They began their colonization to the east on the coast of the Aegean Sea. They then moved to Cyprus along with the coasts of Thrace, the Sea of Marmara and the south coast of the Black Sea. Their western colonization included the coasts of AlbaniaRead MoreColin Powell2591 Words   |  11 Pagesto the United States Army. As a captain during the Vietnam War, Colin L. Powell filled the role of the South Vietnamese Army adviser from 1962 through 1963 (Wikipedia, 2009). Although avoiding fatal injuries, Powell did not completely escape harm. As he patrolled in Viet Cong territory, he stepped on a Punji stake, a booby trapped stake placed with the sharp point sticking upright in the ground. The large infection made it difficult for him to walk, and caused his foot to swell for a short time, shorteningRead MoreA World Lit Only by Fire Outline Essay8153 Words   |  33 Pageslost art. a. Cathedrals were the only stone buildings built in Germany, England, Holland, and Scandinavia. i. This continued for nearly ten centuries. 5. Farming was difficult. a. Lack of iron meant no wheeled plowshares. i. Did not trouble those in the south as much as those in the North. ii. Mediterranean soil was light and easily broken up. iii. The hard soil in the north had to be turned by hand, which was difficult work. b. Cattle were of limitedRead MoreThe Birth of Civilization18947 Words   |  76 Pages2/17/11 3:22 PM Page xxxii EARLY HUMANS AND THEIR CULTURE page 1 WHY IS â€Å"culture† considered a defining trait of human beings? EARLY CIVILIZATIONS IN THE MIDDLE EAST TO ABOUT 1000 B.C.E. page 5 HOW DID control over water resources influence early Middle Eastern civilizations? ANCIENT NEAR EASTERN EMPIRES page 14 HOW DID conquest and trade shape early empires in the Near East? EARLY INDIAN CIVILIZATION page 16 WHAT INFLUENCES did the first Indus valley civilization have on later Indian religiousRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 PagesThe essay by Gabrielle Hecht and Paul Edwards provides a nuanced interweaving of analyses of the nuclear arms race, debates over nuclear power as a major energy source, and the communications revolution made possible by computer technologies that did so much to shape the cold war standoff between the Soviet and American superpowers and the transition to a new century and millennium. Hecht and Edwards underscore the vital connections between the genesis of and incessant innovations in computer Read MoreInternational Management67196 Words   |  269 Pagesthe eighth edition of International Management: Culture, Strategy, and Behavior. Whereas other texts stress culture, strategy, or behavior, we feel that our emphasis on all three critical dimensions and the resulting synergy has been a primary reason why the previous editions have been the market-leading international management text. Specifically, v vi Preface this edition has the following chapter distribution: environment (three chapters), culture (four chapters), strategy (four chapters)

International Business morality Essay Example For Students

International Business morality Essay Societys general conception of the fundamental marketplace has dramatically changed within recent years. Throughout most of history, commerce has existed primarily (and, at times, solely) in the domestic realm, only on rare occasions interacting on an international level. However, with major technological advances occurring within the past century (and even more so, during the past decade) concerning both transportation (air travel, better seafaring and larger ships) and communication (telephones, the Internet), almost all business conducted by a mediocre to major firm operating from within a semi-industrialized to industrialized nation can be (and most often is) considered multinational. With the everyday business arena now expanded to include a variety of cultural and moral norms which are dependent upon their respective nations (and their intrinsic ideologies), corporations are currently forced to deal with an important issue; how should they conduct their affairs in foreign marke ts (When in Rome, should they do as the Romans do?) (ETB 514)? Broadly speaking, there are two paths which may be taken: either a company can (a) adhere to both the universal and domestic moral modes of business which they would regularly apply in their affairs at home or (b) they can conform to the ethics and morals of the host country (the country in which they are conducting the business). In this essay I will seek to provide two arguments, one which concentrates on supporting path a and another which refutes a and supports b. In Defense of Retaining Domestic Practices in Foreign Markets As American modes of ethical business standards continue to evolve and become increasingly better, it becomes more and more obvious that it should be regarded as the model for all markets, foreign and domestic. Despite criticism from other nations, our multinational business policies should reflect what we hold true in our affairs at home. Two maxims of American ideology rebuke the opinion of When in Rome, do as the Romans do. First, no one, including businesses, should morally be permitted to freeload (simply put, freeloading is the practice of accepting advantages offered by a certain situation while not accepting its disadvantages) (EDB 531). When placed in a situation where freeloading is a viable option, many businesses are eager to take advantage of it due to its profitability (most often this is in the case of bribery). There is something essentially wrong with this practice in our society, however. Most modern societies function on a system of benefits and burdens. Each member of society is expected to accept both the benefits and the burdens adherent to their situation and actions. For example, when you steal money you are attempting to acquire a benefit without the adjunct burden (earning it). When such a person is caught doing such, they are almost certainly prosecuted and made to accept the burden (usually in the form of jail time or fines). When a business receives a bribe or a kickback, they are essentially accepting a benefit of the laws against those practices while not suffering the burdens associated with those laws (EDB 531). The second idea which American morality supposes is that of inalienable human rights. Presently, it can be assumed that there is (in most cases) international standards of human rights as designated by the signatories of the United Nations Declaration of Universal Human Rights and by various treaties addressing the issue (EBD 516). Unfortunately, often times, the differing business and social standards in foreign markets/countries allow for firms to take advantage of that countrys populace in ways which are not available (or even legal) in our society. While companies certainly should not be required to provide aid for the people of the countries they are dealing with, they should be aware of the people in these nations that they are affecting by means of their business within those borders. A clear example of the all-to-common disregard for the welfare of those of foreign countries is that of the Nestl corporation and its profit maximizing techniques in third world nations. Because of declining sales of infant formula in industrialized countries, Nestl (and other c orporations) made a decision to aggressively market its product in developing nations and thus open up new arenas in which to become profitable once again. Despite .