Social And Social Responsibility A Business Made Up Of A...

economist Milton Friedman noted that the social responsibili ­ties of business are notable for their analytical looseness and lack of rigor. Friedman believed that only people could have social responsibilities. Businesses, by their very nature, cannot. http://www.investopedia.com/terms/s/socialresponsibility.asp .But is not a business made up of a group people? If we require the individual to be socially responsible, then it follows that we should require the group to be socially responsible as well. Social responsibility is an ethical framework which suggests that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large. http://en.wikipedia.org/wiki/Social_responsibility When defined in such a way, one wonders how there can even be an argument against the social resposibility of business; yet, time and time again persons who would put profits ahead of people do need to be reminded of this sentiment. Businesses do not operate i n a vacuum; they have an impact on their environment. . Any entity that affects a communal environment has a responsibility not to harm that environment, at the very least, and ideally to improve that environment. Although Shareholders may or may not physically live in their customers’ and employees’ communities, they have a moral obligation to their fellow man. Social responsibility moves beyond philanthropy into how a business chooses to approach the community and its people. When aShow MoreRelatedThe Ethical And Sustainable Business Practices Of Patagonia1661 Words   |  7 Pagesin sustainable business and environmental practices. This book goes over the ethical and sustainable business practices that Patagonia has been using for the past 40 years. They started off as a small company called Chouinard Equipment, they sold rugby shirts, ice axes, and much more basic mountain climbing equipment. Throughout the course of this paper I will be discussing, Patagonia’s values, ethical framework, and the different elements that made them a highly sustainable business. Patagonia realizesRead MoreCorporate Social Responsibility: A case study of The body shop1223 Words   |  5 PagesCorporate Social Responsibility and discuss why it is important to modern business In today’s world, Corporate Social Responsibility (CSR) has been one of the topics that every company must be concerned with. It is usually viewed as a legal obligation for every company to create social benefits alongside with the profit gains (Peng and Meyer 2011, p.297). CSR is a crucial factor for our society and environment. If there is no campaign to encourage us to save our planet, how can people be awareRead MoreVolvo : Corporate Social Responsibility1155 Words   |  5 PagesCorporate Social Responsibility. Avinash Adapa(1678167) Prof Eleni P.Mylonas EPS 8R Fairleigh Dickinson University DATE: 09-27-2014 Abstract Corporate Social Responsibility means their responsibility towards the community and the environment (both in ecological and social). CorporateRead MoreBusiness Ethics And Social Responsibility1167 Words   |  5 PagesCOMPARITIVE BUSINESS ETHICS AND SOCIAL RESPONSIBILITY Essay on Ethics and corporate Social Responsibilities SUBMITTED BY: Karuna Shrestha SID# TIA2346 SUBMITTED TO: Understanding Ethics and CSR (Corporate Social Responsibilities) Corporate social responsibility is no more characterized by the amount of cash an organization adds to charities, yet by its general inclusion in exercises that enhance the nature of individuals lives. 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A corporation must create wealth in ways that avoid under minding society, and instead enrich the society it operates in. The term â€Å"corporate social responsibility† has been deï ¬ ned in numerous ways; from the constricted economic perception of increasing stockholder wealth (FriedmanRead MoreBusiness Ethics and Social Responsibility Essay1471 Words   |  6 Pagesindividual’s values and morals, plus a behavior social context. Ethical behavior conforms to individual beliefs and social norms about what’s right and good. Unethical behavior conforms to individual beliefs and social norms about what’s wrong or bad. Business ethics refers to ethical or unethical behavior by employees in the context of their jobs. Ethics are talked about frequently and addressed in the news when unethical decisions are found. Sadly, people do not hear about ethics when others are engaging