What do you think of corporate social responsibilities?
599303
Corporate Socail Responsibility (CSR) is a topic that has been widely debated among various business circles. However, one has to really understand as to why must a corporation spend its hard earned money in something where it doesn't see a return in directly. Lets analyze.\n\nSince corporations earn their profits directly or indirectly from the society, it is felt, in general, that a part of their earnings should be ploughed back into the society. This necessarily doesn't mean that it contributes only in the form of money but rather in the form of service. For example, companies like Microsoft contribute heavily to their chairman's foundation (sometimes as high as $ 1 billion).\n\nHowever, CSR is mainly objected on the grounds that the profits that a corporation earns, is strictly for the welfare and benefits of the shareholders. \n\nHowever, recent studies indicate that when a corporation contributes to their CSR fund, it only improves their image in the society and also with the government. In such a case a corporation may get eligible for various tax breaks from the government for their CSR activities. Some pro CSR economists also argue that CSR activities by itself are a good substitute to advertisements as CSR is widely reported in the general media as corporate news. It is generally seen that if a company contributes $1 in the form of CSR, it generally gets direct and indirect benefits of more than $1. It is precisely for this sound economic logic that the shareholders of big corporations have no objection in principle for a company's CSR activities.
646213
Oh, god, yes.  I work for an oil exploration and production company.  They made $660 million dollars last quarter.  The mission statement isn't full of buzzwords; it's just loaded with ENORMOUS amounts of BS.\n\nFrom the mission statement:\nOur mission is to build a dynamic, global exploration and production company to provide oil and natural gas for the purpose of advancing the quality of human lives. \n\nWe will conduct our business from a foundation of integrity and respect for people, their cultures and traditions. \n\nWe derive benefit from the Earth and take our environmental responsibility seriously. \n\nProfit from our growing business is the glue that unites XXXXX employees, partners, suppliers and shareholders in the fulfillment of our long-term mission.\n\nValues\nConduct business with honesty and integrity. \nRespect and invest in our greatest asset: our people. \nConduct business with respect for people, cultures and traditions. \nFoster an entrepreneurial spirit; expect and reward innovation and creativity. \nDrive to succeed with a sense of urgency.
450742
Yes, they can play a gigantic role.  The big conflict for Boards of Directors (as opposed to shareholders) when they are asked to take actions in which a corporation is supposed to do things to further the social good at the expense of profit (use a more expensive but cleaner technology, keep open a plant in the US rather than relocate to another jursdiction) is that the Board of Directors have an obligation to maximize shareholder value -- its their fiduciary duty.  The board is put in a tough position when asked to sacrifice economics for other social goods -- because what they are sacrificing is not what they own (the shareholders own the corporation) but what they are stewards of.\n\nHowever, the shareholders are the owners of the corporation -- if they choose to sacrifice some economic value for soemthing else they value -- the environment, local employment -- they can do so without any breach of duty (ignoring for the moment, majority shareholder obligations to minority shareholders).  Its their company, after all.
734277
Well ... though most of us have an illusion that morality and ethics have strted to die out in the field of business ( Imyself used to think that earlier ! ) , yet there is evidence that those companies who have a well defined ethical code for their employees as well as fir the customers are successful to form a good "public image", which proves to be instrumental in boosting up a company's profit. There is also statistical data available on that. I know all this now cuz recently i had a chance to give presentation on business ethics in college and for that i had to do extensive " research" . So the verdict my friend is ... there still is room for ethics and morality in business world ..( though the intention behind the same may not be genuine ) ...
957405
The corporate mentality is that anything is ok that reaps a profit. There is no morality at the upper levels of corporate existance. Those in the upper levels expect their subordinates to conform to the corporate ethic to the exclusion of all else. So, yes. The corporate mind in MOST corporations is contributing to the downfall of morality worldwide.
63759
Ethics has to do with obeying the rules. Morality has to do with reasoning and behaving according to values that go beyond narrow self-interest. A change of incentives combined with regulation can improve long-term results and corporate ethics. But it won’t create moral organizations.
655699
Corporate Governance is a term used to try and grab together a whole range of different measures our corporate citizens attempt to convince us they do.\n\nEnron would have told us all that their corporate governance was first rate, that they had a good internal culture of ethical conduct and ...... OK, back to your question.\n\nCorporate governance should review all decisions to ensure the decision meets the strategic goals of the organisation and the legal, moral and ethical obligations of the organisation to the community and the organisations stakeholders.\n\nSo, in a broad sense the corporate governance division acts as kind of like the conscience of the organisation. Specifically, they will ensure that the internal control structures are in place, operating and effective. They may deal with issues of due diligence and may maintain registers of external interests of the directors. \n\nIt will provide advice to the board regarding whether a proposed course of action meets the current standards in place for the organisation.
480754
Companies want employees who are more than just present. I believe this refers to full participation in company events and initiatives, including social stuff after hours. It also means being willing to help out with things, even if it's not technically your responsibility. Basically, do you treat your company as if you have a stake in its success?
996083
nope, social issues are the province of individuals and governments not buisness.  Letting buisness use moral teasers lessens the value of the issue.  Instead make a better product and reap the rewards then donate to charities that you favor.
1166633
corporations are people too.
29240
"Think globally, act locally"  Do your part in your daily life by recycling, buying products with less packaging where possible, support local companies that have proactive recycling campaigns, use organic cleaning products and spread the word to your friends about the importance of everyone doing their part to reduce environmental pollution.
318142
I think that it can.  Corporations that can be seen as "out of touch" or corporations can benefit by having a staffer write about the business, showing an angle that the consumer does not often see.  By have an employee write about what drives them, and how they do care about their product/service, you can create an emotional connection with the company.\n\nPodcasting, on the other hand really depends on what type of business you are currently in
677740
Which responsibilies and ethics you should take in account while marketing your products or business. Its a long time since i read Philip Kotlers book but found this presentation for you\n\nhttp://cas.uah.edu/berkowd/webpage/MKT600/KOTCHA20.PPT#256,1,Chapter 20
550388
no, although ethics is taught in every business curriculum, there are people that will still (when the opportunity presents itself) ensure corporate scandals. \n\nI think a better way would be to have an outside company audit companies more frequently.
69473
My job is being the best mom, wife and friend I can possibly be FIRST and foremost. My career as a CSR comes next in line. \n\n:oD
1091927
For-profit companies are for 'just for profit' althought many support social issues via CSR or 'corporate social responsibility' programs.\n\nNonprofit companies are not for profit.
532280
Yes, I think they did get their just due, so to speak.  More significantly, this is one big wake up call to Corporate America.  It says, People aren't going to tolerate being deceived.  Wake up Execs!  Run your company with the best interest of your people at heart.  You are accountable.  And the 'System' will not protect you.