In an atmosphere where the number one priority is to make as much money as possible, many question rather or not corporate responsibility is possible. Corporate responsibility represents “a corporation’s social and environmental obligations to its constituencies and greater society (Argenti 2013).” In a profit driven environment, there are several factors that can influence or encourage corporations to also consider greater society in the course of their decision making and subsequently in their priorities as well. The process in which corporations make these decision or the deterring elements that show corporations effect on the community that it serves or the community surrounding it, is a viable realm of analysis in the discussion of corporate responsibility. An article perfectly explicates the Corporate responsibility as,
“The notion of corporate social responsibility (CSR) is not new in our society. It was born when corporations were born and societies to accommodate them. The ‘soul’ of corporate social responsibility is what the French philosopher Rousseau understood to be ‘the social contract’ between business and society (Bichta 2003).”
Rosseau conceptualizes corporate social responsibility as a relationship between business and society. Therefore, iterating that the emphasizing the relationship as a contractual social agreement or as he puts it “the social contract understands men (Social members) as being able to act freely in a civil society that is unity by a general will.” Furthermore, a relationship between the two that pledges to do good in order to benefit both.
Within the course of study there are main tenants that must be recognized and analyzed in order to fully grasp the ramifications of corporate responsibility and its presence and effect amongst corporations. There are also preventative measures and theories that can assist in corporate recognition of socially responsible practice. The main tenants that are imperative to the analysis of social responsibility are (1) the role of corporations in the national and global markets and (2) corporate practices that are detrimental to society and social wellbeing. The preventative and theoretical additions are (1) the institution of government standards to ensure corporate responsibility, (2) internal corporate strategies to maintain corporate responsibility, and 3) the theory of creating corporations with a social conscience and moral center. Combining these tenants is essential in iterating the influential role of Corporations in society and the reason why corporate responsibility is important.
Corporate role in the Global and National Markets
The role of corporations in the National and Global Markets and the effects that corporations can have on society is tremendous. As globalization occurs the interconnectivity of the...