Puritans characterized humanity negatively, believing humankind to be hopelessly sinful. Quakers held a positive view, believing that of there is God good inside everyone. According to Heald , corporate managements began to demonstrate social responsibility by considering community welfare as a whole in their goals to maximize profits and shareholders. Abstract This paper aims to explain the social responsibility theory and give a case study that elaborates on the subject and provide you with a better understanding of what is this theory exactly and how it should be implemented. The first part of the paper begins by explaining the broad concept of social responsibility, and displaying some studies regarding the relationship between social responsibility and the economic performance of institutions, then moves towards explaining two normative theories.
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Corporate Social Responsibility is a rapidly developing, key business issue. It is a concept that has attracted worldwide attention. Due to the demands for enhanced transparency and corporate citizenship, CSR started to embrace social, ethical as well as environmental challenges. Today, companies are aware of the social and environmental impacts of international production. It is accepted that Companies should not be only profitable, but also good corporate citizens. Through globalization of the economy, multinational companies are increasingly involved with suppliers and customers worldwide, especially if they operate in developing countries. The CSR agenda has a close relationship with international development.
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Ethics and Social Responsibility Companies constantly face the struggle between ethical and unethical behaviors. The line differentiating ethical and unethical actions is not always clear. An ethical company also strives to exude social responsibility. A well-developed strategic plan will help protect a company against the pitfalls of unethical behavior and increase their level of social responsibility. In , the unethical behaviors at Enron became public knowledge.
Essays on Corporate Social Responsibility. Essay examples. For a long period of time researchers anticipate consumers shall act accordingly with their corporate social responsibility information process, supporting companies with good CSR reputation than those who have poor ethical records.