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Corporate social responsibility

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Brittany and Robbie, 12- and 13-year old siblings, noticed that U.S. troops stationed abroad had difficulty communicating with their loved ones and asked, "What can we do to help?" They decided to form a nonprofit organization and raise funds to send free cell phones to the military. Their efforts demonstrate that acting ethically begins with the individual. They established the basis for socially responsible behavior through their nonprofit organization, and their ethical standards shaped the company. Neither Brittany nor Robbie accepted any compensation and derived satisfaction from knowing that they helped soldiers keep in touch with their families back home. They believe that acting ethically and responsibly provides a far greater payoff than any financial achievement ever could.

  • Why is it important for all employees to act ethically and responsibly in an organization?
  • It has been suggested that the only responsibility of business is to make money, and corporate social responsibility is a form of socialism (i.e., a distribution of wealth). Do you agree or disagree? Why?

Reference no: EM132192517

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