Corporate Roles and Responsibilities in Society
Corporate Roles and Responsibilities in Society
In this era, it may appear unreasonable for anyone to question the role of Corporate Social Responsibility (CSR) in the society. In an organization, CSR refers to a policy mechanism where a business monitors its operations ensuring that it remains complaints with set laws, ethical standards and international norms. CSR ensures that organizations embrace responsibility in terms of their actions and encourage positive impact in the surrounding community, the consumers and employees.
Caroll, A. (2000). Ethical challenges for business in the new millennium. Business ethics quarterly. Vol. 10(1): 1052-150X
The author reviews the ethical challenges that organizations face of the new millennium. He begins by reviewing the anxiety that organizations had with entrance to the 21st century. Specifically, the author looks at the fear of the Y2K, and how it could have affected organizations had systems failed to work. The author also looks at the trends in the definition of corporate social responsibility over the years. The author also looks at the ethical challenges that relate to the impact of technology in the business environment. The author indicates that the 21st century creates a business environment with a complex global trade that expands to capital, enterprise, information and the technology markets.
Jacques, A. (2010). Socially conscious: companies share CSR best practices. Public relations tactics. Vol. 17(7):12-13
Jacques demonstrates the importance of corporate social responsibility by analyzing an interview done on public relations expert from discovery communication, Eastman Kodak and Microsoft Corp. the interview reveals that corporate social responsibility is vital as it helps organizations improve their brand marketing, the reputation of the company as well as encourage employee retention. The author also reveals that commitment on giving in-kind donations to communities also helped organizations to attract the best employees.
Berad, N. (2011). Corporate social responsibility-Issues and challenges in India. MET institute of management
The author looks at the practice of CSR by companies such as TATA in India and how though the practice has been there for decades, the practice is still hardly felt. The author looks at the issue of inadequate personnel, lack of proper coverage and the presence of hindering policies. The author points out that, large companies undertake CSR activities and emphasize on mentioning them in Medias. However, the core principles of CSR are lost as the companies emphasize on promoting the activities. Technology in this instance appears to hinder effective CSR practices.
Dahlsrud, A. (2006). How corporate social responsibility is defined. Corporate social responsibility and environmental management.
Dahlsrud reviews the numerous definitions of corporate social responsibility and why CSR is practiced in most organizations. The author gives numerous definitions and illustrates how it is an indicator of the biased nature of organizations. Each definition represents a bias interest that an organization takes in terms of development and implementation of CSR. Unfortunately, efforts to get biased definitions interfere with productive engagement in the practice of CSR.
Warhust, A. (2005). Future roles of business in society: the expanding boundaries of CSR and compelling case for partnership. Vol.37:2-3; 151-168
Warhust (2005) presents an analysis of the expanding roles and responsibilities of businesses in the society. The author looks at the global business, and who it is now defined more by the ever expanding range of stakeholders. Organizations are acquiring more corporate responsibilities towards direct and indirect internal stakeholders. Organizations show this through increased innovations in business practice, which enhance social justice within and beyond the workplace.
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