Lecture 2 – Social Responsibility of Business and Corporate Citizenship

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Lecture 2 – Social Responsibility of Business and Corporate Citizenship

Decision whether to invest in a company that is considered moral or amoral lies with understanding of the impact that corporations have on the world. This is a hard decision that transcends ethical and profit issues. For most people, pursuit of profit is more important than ethicality of the means used to pursue the profit. This is what has given rise to the concept of corporate social responsibility (CSR) which defines how responsible a company is in pursuit of profits. CSR has emerged as a yardstick assessing how good a business is in the face of the stakeholders; though striking a balance between the interests of all the stakeholders is difficult. On the one hand, investors or the shareholders want an increase in their investment. They want more returns and would rather see the business use all means to make more profit. On the other hand, the social community living around where the business operates wants a clean environment, jobs, and others. This means at some extent, the business may have to sacrifice some of the profit pursuits if they are detrimental to the environment. This presents the challenge of CSR. A business that is able to balance the different interest of the stakeholders is considered amoral while a business that may sacrifice the environment to pursue higher profits may be seen as immoral. Given a choice between the two, I would choose a business that is amoral because it balances the interest of all stakeholders.

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Lecture 2 – Social Responsibility of Business and Corporate Citizenship
order number: MG239-3000-2526
word:3000
major:MEDIA
reference: Harvard style
requirement:
These are three questions, and you need to write three 1000-word essays
The courseware provided is only for reference, without reference or complicated vocabulary and grammar. The structure should be clear, and the requirements are all in the folder
Write 3 essay of 1000 words for 3 question203
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Lecture 2 – Social Responsibility of Business and Corporate Citizenship

Decision whether to invest in a company that is considered moral or amoral lies with understanding of the impact that corporations have on the world. This is a hard decision that transcends ethical and profit issues. For most people, pursuit of profit is more important than ethicality of the means used to pursue the profit. This is what has given rise to the concept of corporate social responsibility (CSR) which defines how responsible a company is in pursuit of profits. CSR has emerged as a yardstick assessing how good a business is in the face of the stakeholders; though striking a balance between the interests of all the stakeholders is difficult. On the one hand, investors or the shareholders want an increase in their investment. They want more returns and would rather see the business use all means to make more profit. On the other hand, the social community living around where the business operates wants a clean environment, jobs, and others. This means at some extent, the business may have to sacrifice some of the profit pursuits if they are detrimental to the environment. This presents the challenge of CSR. A business that is able to balance the different interest of the stakeholders is considered amoral while a business that may sacrifice the environment to pursue higher profits may be seen as immoral. Given a choice between the two, I would choose a business that is amoral because it balances the interest of all stakeholders.……

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