Corporate social responsibility

Assignment Help Business Management
Reference no: EM131210212

Learning Activity: Corporate Social Responsibility: What's the Big Deal?

One of the most contentious debates among scholars has centered on the proper role for a corporation in the pursuit of its business. In large measure the debate has crystallized around two points of view. On the one hand, some believe that a corporation's chief responsibility role is to make and maximize profit. This belief has often been referred to as the Friedman Approach in homage to the economist, Milton Friedman.  Friedman espoused the view that as long as a corporation stayed within the rules, its only responsibility was to return the maximum profit to its shareholders. On the other hand, other scholars have asserted that the social responsibility for a corporation extends beyond just making a profit and includes a responsibility to act in a manner that promotes and supports the welfare of society at large.

What do you think about this so called "Shareholder vs. Stakeholder" debate? Do you have any personal experiences where you have observed the effects of this debate in terms of corporate actions? On which side of the argument do you come down on and why?

Reference no: EM131210212

Questions Cloud

Supply chain process-how does ikea manage its inventory : 1. How has IKEA differentiated itself from its competitors and created a niche market? Explain. 2. How has IKEA been able to lower the costs of its products? Discuss your views
Develop personal awareness of complex organizational systems : Develop a personal awareness of complex organizational systems and integrate values and beliefs withorganizational mission. Apply leadership concepts in the development and initiation of effective plans for the microsystems and/or system-wide pract..
Discuss how the outbreak could affect your community : Discuss how the outbreak could affect your community at a systems level (i.e., how it will affect the functioning of schools, local government, businesses, hospitals)
How are sdlc processes supported in cmmi : Do CMMI standards support iterative software development? How are SDLC processes supported in CMMI? How are ISO standards different compared to other standards like CMM or IEEE? Do IEEE standards support iterative software development?
Corporate social responsibility : One of the most contentious debates among scholars has centered on the proper role for a corporation in the pursuit of its business. In large measure the debate has crystallized around two points of view. On the one hand, some believe that a corpo..
What is a private enterprise system : What is a private enterprise system? What four rights are critical to the operation of capitalism? Why would capitalism function poorly in a society that does not ensure these rights for its citizens?
What would happen to the exchange rate : What would happen to the exchange rate if foreigners decided to sell U.S. securities, perhaps because of an increase in the perceived risk of investing in the United States?
What are the major areas of deming''s pdca process : Describe the STEP process. What are the main components of this process? 16.6 What are the major areas of Deming's PDCA process? Describe the TMM process.
What will happen to the trade balance : If the demand for U.S. exports falls because of a change in foreign tastes, what will happen to the exchange rate?

Reviews

Write a Review

Business Management Questions & Answers

  Project charter templates as well define what you did like

From the e-Activity assess at least two project charter templates as well as define what you did or didn't like about each. Comprise the website URL where each template was found.

  Step-wise answer to organizational behavior

"What is meant by group cohesiveness and identify threats that cannot be escaped without group collaboration?" Also explain the guidelines for managing team meetings.

  Fluctuations in insurance coverage

Because of fluctuations in insurance coverage, the average price paid out of pocket (P) by patients of an urgent care center varied, as the table shows. The number of visits per month (Q) also varied

  Give a company analysis

Management practices has evolved for a long time. - Give a company analysis and explain the veracity of the statement.

  What is the difference in the maturity risk premiums

Assume that the real risk-free rate, r*, is 3% and that inflation is expected to be 7% in Year 1, 6% in Year 2, and 3% thereafter. Assume also that all Treasury securities are highly liquid and free of default risk. If 2-year and 5-year Treasury note..

  Prepare a safety policy that could be used by an employer

Prepare a general safety policy that could be used by an employer in your preferred profession.

  Describe and explain the purpose of a rocket pitch

Describe and explain the purpose of a rocket pitch and Imagine a potential investor has heard his rocket pitch

  Change management strategies- development and

change management strategies- development and implementationi need help framing where to go with this assignment.what

  Engaging employees in change

Change leaders need to build relationships in order for change to be a possibility and should also have the ability to get others involved in the change.

  Stages of moral reasoning

Two four-year-olds are playing in a sandbox. The little boy says to the little girl, "I'll give you a pear if you take off your panties."

  Review the definition of culture

Review the definition of culture. Is there a difference between cultural, operational, and strategic issues that an international manager/operation must address? Why? Are the issues that you have noted in your listing cultural, operational, or..

  Simple structure organizational configuration

What kinds of companies should employ the simple structure organizational configuration? What kind of companies should use the machine bureaucracy form of structure?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd