Discusses how businesses that demonstrate social responsibility will ultimately increase their value.
Written in 2002; 1,300 words; 5 sources; MLA; $ 43.95
Paper Summary:
This paper explains why it is in the best interests of businesses, management, owners and employees to develop an overall business strategy leading their organization to socially responsible and sustainable behavior and operations. The writer claims that social responsibility greatly increases a company's chances of long-term success.
From the Paper:
"On one extreme, there are organizations that are largely reactive and operating on the basis of short-term planning which waste a lot of time and resources launching well-funded lobbying operations to reduce or limit legal requirements for clean air, clean water, employee rights, community responsibility and so on. These organizations practice a variety of avoidance strategies while trying to meet the minimum requirements of enforcement regulations. On the other side are organizations that operate on the basis of foresight and long-term planning and aggressively search for ways to improve their financial and organizational performance by using the mandated practices as part of a positive effort. Such organizations have accepted socially and ethical responsibility as a condition for doing business and for remaining competitive. They are not doing this as response or reaction against regulatory constraints and abiding by the law; they are doing it because they feel it is the "right thing to do". The fundamental difference between the reactive organizations and the proactive ones is that the latter have taken a position of being socially responsible and taken leadership in rising to the challenge. It is the Quaker idea of doing well by doing good."
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