Corporate social responsibility is the obligation toward society assumed by business. Economic responsibilities involve producing goods and services that society wants at a price that perpetuates the business and satisfies its obligations to investors. Legal responsibilities obey local, state, federal, and relevant international laws. Ethical responsibilities meet other social expectations, not written as law. Voluntary responsibilities are additional behaviors and activities that society finds desirable and that the values of the business support.
Based on the above, how do you think corporate responsibility be improved? Any ideas?
2006-11-07 04:09:07 · 5 answers · asked by Cbauer 2 in Politics & Government ➔ Law & Ethics
When big business does not have so much say in our governmental and social issues. No one has the will to stop the control Big Corp. has on this country. Until that time, CEO's will continue to be paid $$$millions for cutting pensions and healthcare while there are no ethics or responsibility to the rest of America.
What happened to a 9 - 5 day? Now, we work 24/7 and get less than we did 1 decade ago. Corporations have no responsibility - they take as much asthey can to improve their bottom line.
2006-11-07 04:22:34 · answer #1 · answered by KeltWitch 2 · 0⤊ 0⤋
Unfortunately since corporations don't a have a soul they are only bound by economic and legal responsibilities. If they were bound by the others like social, the world would be a better place.
2006-11-07 04:12:33 · answer #2 · answered by Fire_God_69 5 · 0⤊ 0⤋
Most of the companies are keen to comply only with Economic and Legal responsibilities - because they are inevitable. If the compliance of other responsibilities can be integrated with these, companies may incline to look at them. Ex: Compliance of social responsibilities may be a criteria for Economic benefits - say tax / incentive etc.,
2006-11-07 04:36:29 · answer #3 · answered by Alrahcam 4 · 0⤊ 0⤋
As the market place becomes more global there is more competition and this has had the effect of causing companies to strive to be more responsible to attract and hold customers. Consumer awareness of pricing and comparisons among products has enforced this. Tougher legal enforcement has led to more careful business ethics.
2006-11-07 04:15:20 · answer #4 · answered by roamin70 4 · 1⤊ 0⤋
by using fact company duty pertains to a much better thought. that thought is Social Justice. Republicans have conveniently forgotten a number of Christ's maximum obligatory teachings. i think of they are pronounced as the Beatitudes? i think of that has alot to do with social justice and company duty. yet what did Christ comprehend, besides.
2016-12-28 15:17:59 · answer #5 · answered by ? 3 · 0⤊ 0⤋