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

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 Essay

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 Social responsibility is the business’s concerned for the welfare of the whole society (Nickels et al. 95). Sometimes the news reports a lot of information that pertains to the social issues or lack of social issues companies are facing. People’s view on companies may start to change and they may see those companies as having a negative impact on society. What a lot of people don’t know is that their view on the situation is at most times wrong....

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 Introduction There has been a seismic shift in how companies market themselves and their respective goods and services. The primary reason for the shift seems to be a changing consumer base; one that incorporates social, environmental and ethical issues into their buying decisions. Pressure from these more socially conscious consumers has driven companies to adopt more robust corporate social responsibility (CSR) strategies in order not only...

Corporate Social Responsibility in Organizations

894 words - 4 pages Is Corporate Social Responsibility being used as a mechanism to draft, keep and engage employees? As the days have gone by, employees are craving something extra. Paychecks are not the only incentives that are now drawing the talent. Ethical behavior and social responsibility are two appropriate ways that corporations should manage and conduct business (Phillips & Gully, 2012, p. 19). There are many favorable reasons for an employer to thoroughly...

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 As the use of teams within organizations is increasing, there are some potential problems that arise from a group setting. One of the inherent problems, particularly more pronounced as teams get larger, is the phenomenon of social loafing (Feldman, 1985, pg. 234). Social loafing describes the phenomenon that individuals are more likely to exert less effort when working as a group than working as an individual. Such dysfunction in group dynamics...

Responsibility and Blame in Business

1027 words - 4 pages Responsibility and Blame in Business This paper will examine the concepts of responsibility and blame through analysis of two scenarios involving explosions at plants in small communities. Both explosions result in the death of 100 people, injury to one thousand community members and property damage and medical expenses of over five hundred million dollars. The explosion in the first scenario was caused by a lightning strike that set off...

Social Responsibility in managing todays organisations

3014 words - 12 pages Social responsibility is more relevant to managing today's organisations than ever before.Today's organisations are entrenched in a conflict over the two opposing views of social responsibility. The classical view holds that management's only social responsibility is to maximise profits. (Robbins, Stagg, Coulter, 2003, p136) The most famous advocate of this approach is economist Milton Friedman who believed the only obligation a company had was...

Corporate Social Responsibility in Asia Pacific Region

600 words - 2 pages Image is everything to a business; businesses without a face cannot survive in the dynamic environment leave alone sustain a loyal customer base. Thus, the essence of introducing the public relations department within an organization to handle matters relating to its image to the society in general, and also to guide on the services the organization may offer to the community. This department is engaged in the implementation of a Corporate...

Similar Essays

Corporate Social Responsibility (Csr) In An Organization

2051 words - 8 pages As the industrialization and globalization have become more intense for decades, the concept of corporate social responsibility (CSR) becomes more advocated and is employed by corporation globally (Smith, 2011). However, despite an urge for performing “good” social roles, there still be numerous of organizations showing their unwillingness to fulfill their expected responsibility due to the controversy of how the concept should be defined...

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 The formal definition of social responsibility, according to Paul Reynolds, is "management's obligation to make choices and take actions that will contribute to the welfare and interests of society as well as the organisation." (1995:23). However, it is not as straightforward as it may seem. Having social citizenship means putting managerial ethics to practice and work. So how can we measure social responsibility if one company's ethical decision...

Business And Social Responsibility Essay

1495 words - 6 pages The problem that was investigated consisted of a question that Milton Friedman posed in one of his articles, which was featured in The New York Times Magazine in 1970. The question was, “What does it mean to say that “business” has responsibilities” (Friedman, 2007, p. 173)? Friedman (1970) elaborated on how businesses cannot have assigned responsibilities. Furthermore, he described how groups or individuals should be the only ones that can...