Corporate Social Responsibility (Business Ethics) - Essay Example

Only on StudentShare

Extract of sample
Corporate Social Responsibility (Business Ethics)

Barnard (1938) had similar argument in mind when he said: "It seems to me inevitable that the struggle to maintain co-operation among men should as surely destroy some men morally as battle destroys them physically." (p.278) Such moral beliefs and values gave birth to the organized concept of CSR.
Interestingly not everyone feels the same way. While many support the concept of CSR, there are some thinkers including the well-known economist, Milton Friedman who did not agree with the idea of investing in community work. We shall discuss Friedman later in the paper with greater detail.
Ethics has always been an integral part of the way human beings are expected to think and behave. For this reason, it has entered the field of business and commerce as well. Many philosophers have posed the question: "why does a person behave ethically". In the same vein, we can ask, why must a firm behave ethically The answer can come from religious, moral as well as purely capitalist sources. It is believed that man is expected to behave ethically because it is the "divine command", one's duty, or in the words of Kant, an action is considered right only when it is based on a sense of duty. ...
Download paper


Corporate social responsibility is an important but "evolving" concept and thus while it may be easier to define it; it is certainly difficult to explain the motives of a company behind adoption of this strategy. It is believed that firms are not always interested in long term image enhancement that results from CSR but some are simply looking for immediate financial gains accruing from spending on community projects…
Author : jackelinelynch

Related Essays

Corporate Ethics & Corporate Social Responsibility
The researcher also gives some concluding remarks on the topic. It is stated that global capitalism has no impact on the education sector in the UK. Corporate social responsibility will remain the same because a privatized sector will tend to behave in the same way across different sectors. It is profitability and free market enterprise that ultimately determines CSR. Primary and secondary education is necessary and compulsory to every citizen and hence it is better that it remain in the public sector. The researcher presents the view given by Friedman that education, especially primary...
14 pages (3514 words) Essay
Ethics and Corporate Social Responsibility
The case of Levi Strauss shows that corporate social responsibility and ethics help the company to create positive social image and maintain moral and ethical environment which appeals to customers, porters and the society in general.
6 pages (1506 words) Essay
Corporate Social Responsibility - A code of ethics
Over the past 3 years Bibbyoffshore have seen a exponential growth in their business, the company now operates 2 dive support vessels (DSV's) with a third due to come online in late 2007. The company is now of such a size that it is able to compete with the larger existing oil and gas service companies who have dominated the market over the past 15 years.
14 pages (3514 words) Essay
Corporate Social Responsibility: Pressures
The challenges presented are a daily concern for those in charge of corporations. Indeed, corporate directors and officers can no longer concern themselves with simply maximising wealth for shareholders. Reacting to a variety of pressures, they must now account for broader social demands and sharpened public expectations. The field of Corporate Social Responsibility is now a fundamental one in the study of management and business. It has even intruded into the fields of finance and economics. In short, the formulation of policies, and the making of decisions, must take into consideration the...
6 pages (1506 words) Essay
Business Ethics & Corporate Social Responsibility
One moral standard is core ethical values. The first component of core ethical values is trustworthiness. The recall and transparency in dealing with the crisis was effective in restoring the trust and confidence of consumers. The second component of core ethical values is responsibility. McCain took an important step in affirming that Maple Leaf was assuming full responsibility for the Listeria situation. The third component of core ethical values is caring. After realizing that Listeria had caused 21 deaths, Maple Leaf recalled its products. This is because the company did not want to be the...
5 pages (1255 words) Case Study
Corporate Social Responsibility Policies, Including Business Ethics and Impact on Business Practice and Key Stakeholders
In this part of the paper, a stakeholder mapping analysis is performed to assess the key influences in Nestlé in the area of corporate social responsibility.
4 pages (1004 words) Essay
Business Ethics and Corporate Social Responsibility
The aspect of good and wellness encompasses a comprehensive range of aspects that includes development of the society, and other aspects that promote the general well being of the entire society at large. The main aspect of business organization in this regard comes from their actions and behaviour that is reflected from their actions and strategies. Business organizations do not operate in a vacuum but in a set up that includes multiple stakeholders and hence ethics in business also implies the aspect of relationship that a business organizations hares with its stakeholders. In this regard...
5 pages (1255 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!