Is the adoption by an organisation of a policy of corporate social responsibility no more than a form of enlightened self-interest?
Member rating:
(1 vote)
| Words:
| Submitted: Mon Jun 19 2006
On the left is an image preview of every page of this document, and below are the first 150 words with formatting removed:
Is the adoption by an organisation of a policy of corporate social responsibility no more than a form of enlightened self-interest? Business is increasingly becoming a target for ethical concern. This is evident from the way that consumers act in response to some companies' actions. For example, when it became apparent that Nike was employing cheap labour in 'sweatshop' style factories to produce goods. One way for organisations to tackle this concern is through adopting an ethical approach to the way they treat both their workforce and external body's. There are two opposing theories on the issue of social corporate responsibility and role of business in society. Firstly, there is the economist or classical view, which believes that management's only social responsibility is to maximize profit. One supporter of this opinion is Friedman, who argues that managers or directors who are in charge of the business have no right to give away shareholders money...


