Social Responsibility In Business Organization Essay

2416 words - 10 pages

Definition of business organizationBusiness 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 responsibilitySocial 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 ResponsibilityWhen 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 employeesIn the best tradition of participative management, the organization invited all its employees to join in forging a new statement of values to avoid massive layoffs. These included teamwork, mutual respect, and professionalism, all duly inscribed on, among other places, coffee cups at office, so that, "every...

Find Another Essay On Social Responsibility in business Organization

Business Corporate Social Responsibility Essay

738 words - 3 pages the organization. (Turker 2009). BreadTalk created 'Ping Chuan Xiong' 平川熊 (Peace Panda) to make a difference and to give back to the society during a crisis as part of the Corporate Social Responsibility program. (BreadTalk Group Limited 2012) This would create the sense of satisfaction from the employees as they are deemed as a participant of a worthy cause, providing a need for those in need. The employees of BreadTalk would have a sense of

Business and Social Responsibility Essay

1495 words - 6 pages hold responsibilities, not businesses. He stated that associating responsibilities with the word business is too ambiguous. I will examine three discussion questions and three compare and contrast questions which Jennings (2009) posed in a case study that is related to Friedman’s (1970) article “The Social Responsibility of Business is to Increase its Profits”. The first discussion question posed was, “How does Dr. Friedman characterize

Does social responsibility in a business contribute to its profits?

1062 words - 4 pages ƒÞNowadays there are lots of companies. Business is an organization that strives for profits for its owners while meeting the needs of its customers and employees and balancing the impact of its actions on other stakeholder. The main aim of it is making profit. On the other hand, they also have some social responsibility. Responsibility is using one's property (both tangible and intangible) in a manner that does not unduly infringe on

Social Responsibility of Business Organizations

603 words - 2 pages 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

What is the Social Responsibility of Business?

1379 words - 6 pages retirement and giving back to the community. These two may not see eye to eye but the outcome is still the same; a company is in business to make money no matter what way we look at it. I believe that all businesses have a social responsibility to their customers, investors, employees and society in general. One social responsibility of a business is to satisfy customers by offering them goods and services that is of real value. This responsibility is

Comparative Business Ethics and Social Responsibility

1593 words - 7 pages Comparative Business Ethics and Social Responsibility HC2121 Lecturer: Sandhy Patrick Md Omar Rashid HBD2114 Employees habitually face ethical predicaments. These ethical behaviors refers to treating others fairly, it specifically refers to; Being honest, Maintain confidence and trust of their employers, Following rules and regulations set up in the organizations, Conducting themselves in a proper manner, Demonstrating loyalty to

Business Ethics and Corporate Social Responsibility

581 words - 2 pages Corporate Social Responsibility or CSR covers all aspects of corporate governance. It includes information on how companies conduct their business in an ethical way, taking account of their impact economically, socially, and environmentally. CSR includes relationships with employees and customers. Increasingly companies have to take account of how their actions impact on society. Branding or creating an image has become an important way to add

Corporate Social Responsibility and Business Success

1208 words - 5 pages responsibilities to society that extend beyond these obligations; - Social responsibility is the obligation of decision makers to take actions that protect and improve the welfare of society as a whole along with their own interests; and - The social responsibility of business encompasses the economic, legal, ethical, and discretionary [i.e., philanthropic] expectations that society has of organizations at a given point in time. Of the definitions

Corporate Social Responsibility in Organizations

894 words - 4 pages employee’s pledge to the organization. Employee participation in Social Responsibility can drive motivation. I think that organizations are facing new demands from society and shareholders to be more socially responsible. The book defines Corporate Social Responsibility to include businesses living and working together for the common good and valuing human dignity (Phillips & Gully, 2012, p. 19). Employee engagement is a very cost-effective way to

Social Responsibility in Slaughterhouse-Five

1010 words - 4 pages Failure to take responsibility for one's actions is universally seen as a self-inflicted wound with fateful consequences. However in Kurt Vonnegut's Slaughterhouse Five, the very nature of social responsibility and free will is challenged. The Tralfamadorians, an alien race from a distant planet, capture protagonist Billy Pilgrim, and introduces him to the fourth dimension. As Billy travels through time and learns that events in time are

Social Loafing in an Organization

787 words - 3 pages . (1995). Effective Group Discussion 8th Ed. Dubuque, Iowa: Wm. C. Brown.Colquitt, J.A., LePine, J.A., & Wesson (2009). Organizational Behavior: Improving Performance and Commitment in the Workplace. New York: McGraw-Hill Irwin.DeVita, G. (2001, Winter). The use of group work in large and diverse business management classes: Some critical issues. The International Journal of Management Education, 1(3).Feldman, R. S (1985). Social Psychology: Theories, Research and Application. Texas: McGraw-Hill.

Similar Essays

Corporate Social Responsibility (Csr) In An Organization

2051 words - 8 pages organization undertakes to protect and enhance the society in which it functions.” In other words, CSR is perceived as a social role that an organization is expected to play or an evaluation standard on how well a company manages their economic, social, and environmental influences. Hence, companies are facing rising demands to exercise their social responsibility toward their stakeholders such as employees, consumers, suppliers, policymakers, natural

Social Responsibility In Business Essay

736 words - 3 pages SOCIAL RESPONSIBILITY IN BUSINESS SOCIAL RESPONSIBILITY IN BUSINESS Introduction Corporate social responsibility is a form of self regulation mechanism in a business entity to adhere to the law, standards of ethics, and social norms surrounding the business. Also to be included in the business social responsibility is the environment, suppliers, consumers, employees, communities, stake holders and all other public members. The

Corporate Social Responsibility In Business Essay

1948 words - 8 pages are two kinds of responsibility in a company - commercial and social (Frost, personal communication, 2003). Commercial responsibilities involve running a business successfully, generating profit and satisfying shareholder expectations. Social responsibility on the other hand is being aware of the issues being presented in the community and the working environment. CSR is not a new concept. Some companies have always acknowledged a "wider

Corporate Social Responsibility In International Business

2478 words - 10 pages , how it effects on international business, different opinions about CSR of shareholders and stakeholders, and finally, difficulties international organization face when implement a CSR program in Vietnam. Description of corporate social responsibility (CSR) There are different definitions or names are used to analyze the meaning of CSR in different context, for example, corporate responsibility, corporate ethics (McIntosh 2003)3; corporate social