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Discuss the four components of social responsibility.
The four components of social responsibilities include (3) moral obligations and (4) discretionary responsibilities.
1. Economic Social Responsibility: Economic social responsibility begins with the productivity. It has to be sustainable before a firm can give back. Sustainability involves making a profit for shareholders, paying fair salaries to its employees, paying corporate taxes and fulfilling other financial obligations. Corporations may demonstrate corporate social responsibility by being clear about the financial status of their company with all the stakeholders.
2. Legal Social Responsibility: Consumers are more likely to buy products and utilize services from companies they trust. A part of building that trust is in keeping with the laws that govern your business. All examples of legal social responsibility include paying the necessary taxes, adhering to labor laws and requiring inspections. It may sound simplistic, but not being attentive to your legal obligations may lead to a complaint against your company and damage the credibility of the business— and your reputation is crucial to your success.
3. Ethical Social Responsibility: Corporate economic and legal accountability lays the foundation for companies to move into ethical social responsibility, which means doing the right thing at all levels of your business. It ranges from paying a living wage and ensuring that all labor laws are adhered to by the businesses you work with and buy materials from. Of addition to maintaining fair working practices, attention should also be given to the environmental impact the company is having. Make the use of recycled materials and clean energy where possible. Go beyond meeting the minimum environmental criteria and see how you can surpass those standards, thus giving consumers a good impression of your brand.
4. Discretionary Social Responsibility: Discretionary social responsibility involves using the time and resources of your business to contribute in whatever way is important to you and your brand to the world at large. This may include providing opportunities for your employees to volunteer; donating money, resources or goods to charitable organizations; or creating your own charitable organization which is connected to the mission and objectives of your business. You might want to support multiple organizations, or just concentrate on one or two important ones.
Why would you expect a trustworthy firm to have higher profits over the long term?
I believe that reputable companies would have higher profits due to the lack of issues with agencies and an improved code of ethics – which is an ideal and excellent way to grow the business.
What is an ethical dilemma?
An ethical dilemma occurs when the values of different stakeholders of the organization are in conflict over a particular issue. They can also be related to the gray areas surrounding legal behavior; the definitions of what society views as right and wrong.
1.Discuss the four components of social responsibility. Why would you expect a trustworthy firm to have...
Social responsibility is an obligation whereby organizations should have to behave in ways that do not harm their customers, employees, other people or the environment. In a purely economic sense, this is counter-intuitive. Absent a real threat of financial harm, an organization has no incentive to behave in a socially responsible manner. To state it another way, if it increases the Company's cost but does not increase profits, why should a company behave in a socially responsible manner? Laws and...
Corporate Social Responsibility The CEO of your firm, a distributor for a domestic beer manufacturer, has asked you to take on a special project. She has been hearing about a growing trend toward corporate social responsibility, but wonders if this is a reasonable investment for the firm. Outline the costs and benefits in general terms and draw your own conclusion for her consideration. What suggestions can you offer to her in terms of what the company can do to demonstrate...
Briefly state which areas of social responsibility is most important to you. Why do you believe that this should also be important to business organizations? Briefly outline how you would assess if the action of a team member is ethical or unethical.
which of the following would you expect to have a higher melting point? explain why 3. Which of the following would you expect to have the higher melting point? Explain why. (3 marks - 1 for the answer, 2 for the explanation) CI OH
Describe and discuss why nurses have a responsibility to uphold a standard of conduct consistent with the standards governing the nursing profession at work and in their personal lives. Include discussion of how personal conduct can violate HIPAA or be considered not ethical or unprofessional. Provide an example of each to support your answer.
Discuss data access vulnerability: the ethical and legal issues associated with the firm having access to the customer’s personal data. What do you see as the ethical dilemma? As a consultant to executives, what recommendations would you make regarding data privacy?
Discuss how you would harden a system and whose responsibility it would be to do this task. Is there an issue if this task is not assigned? What is important about a baseline? Why do you need one? How do you capture a proper baseline? Discuss any issues that have come up when a proper baseline wasn't captured. Explain the importance of inventory management when it comes to computer hardware and how this may help with administration of servers. What...
1. Discuss an ethical situation you have been faced with in the past. What did you do? What could have done to adhere to higher ethical standards? Please make sure you provide a detailed example. 2. Do you think its ethical for a company to close a manufacturing facility in Canada and re-open it in a developing country where children as young as 12 work for dollars a day. Why or why not? Please make sure to backup your answer.
What would you do to effectively communicate a corporate social responsibility strategy?
Part 1: Description (No more than 500 words) Discuss an ethical or moral dilemma that you have experienced in the workplace. Give as much details as possible within the word limit. Please include relevant information. The following list is a guide only: (You can replace the real names and places with fictional ones) • Describe the situation • Who was involved • Where did the situation take place? • When did it happen and what was going on? • What...