Responsibility Essays

Responsibility Essays-27
The subfield of corporate ecology focuses on sustainable development, triple-bottom-line accountability, biodiversity, and intergenerational justice as necessary components of modern corporate strategy.The business case for CSR includes the following arguments: (1) corporations that pursue CSR defensively avoid the pressures that create costs for them from litigation and/or increased government regulation; (2) corporations that pursue CSR internalize the full costs of doing business, instead of externalizing them onto society, and thereby have a more accurate accounting of their business processes and the data to improve future performance; (3) corporations that pursue CSR form stakeholder partnerships that enhance their social capital so that economic growth opportunities/issues that impact stakeholders can more likely be cooperatively resolved; and (4) corporations that pursue CSR enhance their global citizenship reputation and find it easier to attract and retain high-quality human capital and to gain access to lucrative financial capital opportunities that serve the long term strategic interest of the firm.The distinction between ethical and discretionary responsibilities is that the latter are typically “desired” by society and not expected in a moral or ethical sense.

The subfield of corporate ecology focuses on sustainable development, triple-bottom-line accountability, biodiversity, and intergenerational justice as necessary components of modern corporate strategy.The business case for CSR includes the following arguments: (1) corporations that pursue CSR defensively avoid the pressures that create costs for them from litigation and/or increased government regulation; (2) corporations that pursue CSR internalize the full costs of doing business, instead of externalizing them onto society, and thereby have a more accurate accounting of their business processes and the data to improve future performance; (3) corporations that pursue CSR form stakeholder partnerships that enhance their social capital so that economic growth opportunities/issues that impact stakeholders can more likely be cooperatively resolved; and (4) corporations that pursue CSR enhance their global citizenship reputation and find it easier to attract and retain high-quality human capital and to gain access to lucrative financial capital opportunities that serve the long term strategic interest of the firm.

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There are many good ideas that you can use to start writing your responsibility essay, and you should view this concept from different perspectives.These codified rules are the formal framework within which business is expected to generate prosperity; they represent the public boundaries of acceptable business practice. Ethical responsibilities refer to those activities and practices that are expected, or prohibited, by societal members even though they may not be codified into law.They embody the range of norms, standards, or expectations about business activity that reflect a concern for what major stakeholders such as consumers, employees, owners, the community, and others regard as fair or just.Though the social responsibility concept is normative in that it proposes what business ought to do, it is also descriptive because it captures the essence of what socially responsible business organizations are doing today.In more recent times, CSR has expanded to explicitly include ecological responsibility, not as a discretionary but an expected performance standard.First, according to Carroll, business has an economic obligation to society.Business has an economic responsibility to supply goods and services that society demands and to sell them at a profit.Unless a business is financially viable, its other responsibilities cannot be fulfilled.To achieve its capitalistic economic responsibilities, business must be effective, efficient, innovative, and strategically adaptive to changing global conditions.The history and nature of CSR and the business case for it as a new global expectation requiring a strategic corporate response are dimensions of this concept to consider.CSR has been discussed throughout the 20th century, but it was Howard R.

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