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Corporate Social Responsibility: Pressures - Essay Example

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Corporate Social Responsibility: Pressures

From this study it is clear that 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 perceptions of the public and the social effects of proposed courses of action.This paper outlines that in order to understand the pressures that are driving Corporate Social Responsibility, it is first important to state what the term means.  The truth is that, in practice, the Corporate Social Responsibility concept is in a state of seemingly permanent evolution.  The pressures on corporations to behave in a socially responsible manner are proliferating rather than contracting.  As corporations accept certain socially responsible mandates, they simultaneously seem to be inviting other pressure groups to press their own demands.  In short, the traditional notions of Corporate Social Responsibility have been expanded and continue to expand. A corporation followed the law and thus constituted a socially responsible citizen.  All corporations, however, operate in society.  Many communities have particular problems and concerns.  Gradually, the notion of corporate philanthropy was added to the concept of corporate responsibility. ...
In order to understand the pressures that are driving Corporate Social Responsibility, it is first important to state what the term means. The truth is that, in practice, the Corporate Social Responsibility concept is in a state of seemingly permanent evolution. The pressures on corporations to behave in a socially responsible manner are proliferating rather than contracting. As corporations accept certain socially responsible mandates, they simultaneously seem to be inviting other pressure groups to press their own demands. In short, the traditional notions of Corporate Social Responsibility have been expanded and continue to expand.
As profit-maximising entities, corporations were traditionally considered to be socially responsible to the extant that they followed the minimum requirements set forth in applicable laws and regulations (Moon, et. al., nd). These pressures were therefore explicit and codified. A corporation followed the law and thus constituted a socially responsible citizen. All corporations, however, operate in society. Many communities have particular problems and concerns. Gradually, the notion of corporate philanthropy was added to the concept of corporate responsibility. A corporation, as a citizen of the community in which it operated, was expected to contribute to the community's problems and welfare. These basic features, compliance with the law and philanthropy, constituted the traditional notions of corporate social responsibility.

The benchmarks of a socially responsible corporation have increased exponentially in recent decades. Corporations are judged not simply by their balance sheets, but by how well they meet or exceed certain standards of social responsibility. There are socially-responsible ...Show more
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This essay, Corporate Social Responsibility: Pressures, is concerned with the nature of the pressures that drive corporations to be socially responsible. Over the course of the past thirty years, the strict private property notion of the corporation has come under attack. …
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