Fallacies of Corporate Social Responsibility - 1773 Words

FALLACIES OF CORPORATE SOCIAL RESPONSIBILITY INTRODUCTION In a contemporary world, a business-society relationship has evolved well beyond a simple business model to a much broader - socially responsible - corporate stewardship. As of this result, Corporate Social Responsibility (CSR) emerged as a concept that encourages companies to be ethical and responsible with the environment it operates in so as to wider impact on society. Though, CSR is now argued so widely as to have become a subject matter for serious arguments. Whereas business‘s human side stressed the importance of social responsibility, it also opened the room for criticism for its opponents, some of who have expressed legit business concerns; others endorse the belief that†¦show more content†¦5) and â€Å"one could almost argue that Friedman is saying that those with the desire to work with a social conscience have no place in the free market†. Besides, a lack of CSR initiatives may affect profits like it happened with Nike in developing countries. The f ootwear company received a lot of negative comments due to someone’s decision to employ child labour. General public, reveled by Russell-Walling, is CSR’s best strength that Friedman may have neglected (as cited in Hampson-Jones, n.d. p. 2). Peter Drucker, a well-known management expert, continues this theme by saying: Economic performance is the first responsibility of a business. A business that does not show a profit at least equal to its cost of capital is socially irresponsible. It wastes society’s resources†¦But economic performance is not the sole responsibility of a business†¦Power must always be balanced by responsibility; otherwise it becomes tyranny (Drucker 1992, p.101 cited in Jones, n.d., p. 2). CORPORATE SOCIAL RESPONSIBILITY IS A PR EXERCISE There is, however, another key argument against CSR that is concerned with its ‘true intentions’ disguised by marketing and PR practices. For example, Peter Frankenta (2001), to name a few of his concerns, believes that CSR is an invention of PR because it lacks â€Å"commonly understood definitionShow MoreRelatedBusiness and Its Publics: Cycle 1 Essay1697 Words   |  7 Pagesadministering important social services such as education and environmental protection. Supporters of market regulation believe externalities should not be left to the free market; instead, they contend these behaviors should be regulated by the government or be shouldered by the corporations that cause them. Edward Freeman, a famous economist, champions efficient markets in his essay Managing for Stakeholders. According to Freeman, companies should integrate corporate social responsibility (CSR) into allRead MoreAnalysis of Charles Handys Article749 Words   |  3 Pagesand these statistics are a matter of opinions and personal views. It would be wrong to balkanize the executives yet some of the biggest corporate social responsibilities are initiated by the same people, who are happy to share what they have with the community, not because it is in the law but because of the sense of belonging to the community. This is also a fallacy since these executives ensure that they follow the stipulated remuneration laws to their employees as a means of ensuring fair returnRead MoreThe Success Of New Ventures1354 Words   |  6 PagesI have come across ads, and have seen tag lines such as â€Å"own your own business now† attached to advertisements pushing the sale of franchises or becomin g an entrepreneur. It is a fallacy. A franchise owner is not necessarily an entrepreneur. Entrepreneurs are good business people. They are visionaries who take the time to plan, and the time to participate in the day to day activities needed to achieve long term objectives, and who are passionate about an idea; all of these lead to a successful entrepreneurRead MoreFactors of Poverty1288 Words   |  6 PagesThere are social structural elements and psychological factors that both contribute to, and have a tendency of perpetuating poverty. While both of these contribute to poverty they are very different from one another. Social psychological factors are attitudes and values held by all citizens regardless of economics and are the sum total experiences, which have molded the individual s mind-set. These experiences may bias an individual in a negative manner in regard to poverty. Social structuralRead MoreThe Role Of Media And Its Effect On Society1440 Words   |  6 Pagesfeelings of others. †¢ Incapacity to maintain enduring relations. †¢ Reckless disregard for the safety of others. †¢ Deceitfulness: repeated lying and conning others for profit. †¢ Incapacity to experience guilt. †¢ Failure to comply with social norms on lawful behaviours. (approx. 18–40 min) The validity of the argument emerge when the corporation display â€Å"self-interested, deceit, willingness to break the law to get its way, lack of feel guilt, and yet able to mimic caring and altruism†Read MoreInnovation in an Entrepreneurial Organization1859 Words   |  7 Pagesand exploiting opportunities through creating and developing new ventures as well as exploring and creating opportunities while in the process of emerging organizations. Entrepreneurial behavior is also increasingly recognized as a proponent to social change and facilitating innovation within established organizations. A recent Special Issue on Entrepreneurial Behavior emphasizes the importance of refocusing research attention towards concrete and observable human action in venture and organizationalRead MoreAmerican Framework of Political Ideology1293 Words   |  5 Pagesthe lines is anathema to the creative spirit, forcing issue beliefs into the square holes of rigid political ideology is unhealthy and damaging for the democratic process. Therefore, I will only say that I have sympathy for the ideologies that are social liberalism, libertarianism, and socialism. Libertarian socialism might seem like a strange and even contradictory ideology. It is sometimes misunderstood. DeHavilland (2003) claims that it is fundamentally impossible to provide socialist infrastructureRead MoreJust Following Orders Essay1390 Words   |  6 PagesVinson make the ethical decisions that she made? In my opinion, from the two articles read I do not believe that the sentence of 5 months in prison that Ms Vinson received coincided with her level of involvement. Ms Vinson was the Senior of Corporate Reporting Department; for two years she chooses to continue to misrepresent and inflate figures that were to be used on WorldCom Financial Reports. Perhaps in the beginning it was strongly encouraged to her inflate the figures by Mr. Ebbers so thatRead MoreIntroduction to Taxation1687 Words   |  7 Pages(individuals provide just money) Tariffs are taxes imposed on imported goods. Tariffs protect domestic producers. Taxes can be divided to: †¢ direct †¢ indirect Direct taxes are individual income tax, payroll tax (used to finance social) security, corporation income tax (tax on net profit of corporations), tax on property. Indirect taxes are custom duties on imported goods from abroad, exice taxes (telephone services, air travel, luxury commodities). VAT (Value-added tax) areRead MoreComputer Ethics and Information Systems3732 Words   |  15 Pagesunauthorized access, use, disclosure, disruption, modification, perusal, inspection, recording or destruction Computer Ethics- is a branch of practical philosophy which deals with how computing professionals should make decisions regarding professional and social conduct. b. Discussion Computer Ethics Ethics deals with placing a â€Å"value† on acts according to whether they are â€Å"good† or â€Å"bad†. Every society has its rules about whether certain acts are ethical or not. These rules have been established as a result

The United States Military Security And Foreign Affairs...

Mary Ellen O’Connell, a research professor at the Kroc, Institute, University of Notre Dame, and the Robert and Marion Short Professor of Law, University of Notre Dame, tells the congressional Subcommittee on National Security and Foreign Affairs â€Å"Lawful Use of Combat Drones† that the United States is failing more often than not to follow the most important single rule governing drones: restricting their use to the battlefield. O’Connell begins her argument with by describing combat drones as battlefield weapons capable of inflicting very serious damage and being unlawful for use outside combat zones. She states that police are the proper law enforcement agents, outside these zones, and are generally required to warn before using lethal force. By failing to restrict these remote weapons systems to the battlefield the U.S. is failing to respect a basic rule that contradicts the goal of winning hearts and minds to respect the rule of law. She breaks her speech into three sections: drones as a lawful battlefield weapon, the battlefield defined, and battlefield restraints. She begins with drones as a lawful battlefield weapon. The U.S. first used weaponized drones during the combat in Afghanistan that began on October 7, 2001. The U.S. requested permission from Uzbekistan, who was then housing the U.S. air base where drones were kept. The U.S. also used combat drones in the battles with Iraq’s armed forces in the effort to topple Saddam Hussein’s government that began in MarchShow MoreRelatedRussia QA Essay1604 Words   |  7 Pagespower. The country has permanent membership in the United Nations Security Council; it is also a member of the Group of 20(G20), Group of 8(G8) and the Asia-Pacific Economic Cooperation. This paper will critically examine the Russian national purpose and ideology, national power and international relationships as well as foreign policy. 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Economics and Large Office Parks Free Essays

Dalman and Lei need to recognize what their weaknesses, strengths, opportunities, and threats are if they are going to commit to a large-scale expansion of their business. By doing this it will allow them to focus on the things that need work on, and what can make things that are working better. This will ensure that their business will be successful. We will write a custom essay sample on Economics and Large Office Parks or any similar topic only for you Order Now The weaknesses are, issues and problems managers might not fully understand. With the economic downfall they are unable to have businesses set up at locations that have been known to be good profitable sites, such as large office parks. The strength of the business would be that they know and understand how to run a business effectively. They have a well-known establishment with high quality brands that their customers like. With the businesses they already have, there is a constant cash flow to help start new ones. If they make a few ingredients privately owned by Sandwich Blitz it will insure that no one else can duplicate it. Dalman and Lei finding a perfect location to expand their business would be a great opportunity for them. If they could upgrade their current businesses this would be a good opportunity also. If/ when they build the new business they can make sure that the equipment is up to date. This will allow for more productive and faster service. With more updated equipment it will allow the opportunity to serve more customers. There are many threats that their business will face especially if they expand the business. They could have problems with hiring enough qualified personal. They could choose the wrong location. Having businesses that are offering similar products to Sandwich Blitz that are opening or may be opening if the future. How to cite Economics and Large Office Parks, Papers