Corporate Social Responsibility
Unfortunately, corporations are given considerable leeway by the government and are allowed to sidestep rules, misinform or withhold information from the public; and otherwise avoid accountability. As Estes writes in his article "Punitive Damages Remind Companies Not to Sin," "We'll continue to have exploding automobiles, unsafe workplaces, sweatshops, toxic pollution and waste until corporations are made to put the public interest over private profit." Exploding cars are only one of many symptoms of corporate irresponsibility. Putting private profit over public interest, integrity, and even common sense is immoral and unethical because it leads directly to physical harm and even death. Other symptoms of corporate irresponsibility include environmental degradation and poverty. The government and the justice system need to encourage
Awarding large punitive damages to victims of corporate irresponsibility is one way of creating public awareness and can in some cases create change in corporate behavior. However, in many cases, large corporations feel only a slight sting from large damage settlements. Forced to pay a fraction of their annual profits does nothing to encourage change. Therefore, the government needs to step in by creating and enforcing laws. Outside the courtroom and beyond legislation, watchdog groups should take solid action, but in order for watchdog groups to be effective they should receive considerable amounts of public funding. Furthermore, the media plays a key role in promoting corporate responsibility and alerting an otherwise ignorant public about some of the alarming instances of corporate irresponsibility.
Corporations will not change their behavior out of kindness, compassion, or ethical awareness. The bottom line takes precedence over all these things because the CEOs and upper level managers of major corporations are not the victims of their crimes. When a factory dumps toxic waste into a low-income neighborhood, no CEO's children are affected.…
Corporate Social Responsibility There are various definitions aiming to explain what Corporate Social Responsibility (CSR) signifies. Because of the many ways in which this concept is interpreted by the millions of companies around this country, and the world, there is no consensus as to what CSR could truly mean. In other words, definitions vary depending upon the field examined, and the impact of a business' actions. Yet CSR is of vital
591-2). The failure to integrate CSR initiatives into a larger development plan is another problem contributing to the lack of implementation of CSR projects. Projects are often driven by short-term expediency meaning that the decisions taken are at too low a level as to which projects to execute. There may be little coordination in determining the areas that will benefit and how the projects can be put together to contribute
Corporate Social Responsibility Trends of 2011 With so many businesses running the world today, and especially in light of those who do not necessarily have the consumer's best interest at heart, there must be something holding it all to a certain standard, namely, something assuring that the customer and the employees are served well by the company. Corporate Social Responsibility (CSR) is that thing. CSR is defined by Mallen Baker (2011) as
Corporate Responsibility During the past couple of decades companies that had been previously concerned only with their bottom line and profitability have changed course and taken new directions that include corporate social responsibilities such as health, safety, environment, and even community relations. As these new responsibilities have taken shape many of the for -- profit organizations have established footholds in what used to be the non-profit arena's domain of expertise. This
Corporate Social Responsibility Literature Review a topic-Corporate Social Responsibility The term 'corporate social responsibility' is a social word that has often taken the world by a storm at its mention. Noya and Clarence (2007) in their book "The social economy: building inclusive economies" offers a succinct description and understanding of what normally takes place and get exemplified at the mention of this term in the business world. Many writers of business journals
Corporate Social Responsibility and Transnational Companies In this essay, I have discussed how essential Corporate Social Responsibility (CSR) is for the success of Transnational Corporations. UN Global Compact is also being discussed. I have also included case studies to support of Nike, Primark and Microsoft. Moreover, I have included positives and negatives about CSR and the factors that exist in CSR which may lead to the success of transnational corporations. Finally,
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