Corporate Social Responsibility

Paper Summary:

The paper explores whether successful corporations have a moral and ethical duty to make charitable contributions. The paper offers three reasons why honoring such obligations is both necessary and even beneficial for the company. The paper brings the argument that corporate social responsibility detracts from the wealth of companies and so shareholders are disadvantaged as a result. The paper explores the ongoing debate and is of the opinion that it is in the long-term interest of both companies, shareholders and stakeholders to honor corporate social responsibility.

From the Paper:

"In determining the moral duties and obligations of a successful business establishment, it is important to first define the concept of morality, both as it is understood in society and how it is understood in dictionary terms. Morals for example refer to standards of conduct in terms of society as a whole. These standards relate very much to the social concept of the good/bad dichotomy at any given moment in history. Hence, the concept of good, moral conduct today is the product of centuries of moral human evolution. In addition to social standards, good, moral conduct may also be driven by the demands of the individual's conscience and the individual sense of right or wrong. In short, moral principles are based upon the inner, psychological sense of obligation, right or wrong, and standard of conduct in terms of best benefiting both the individual and the social circle within which the individual lives."

Sample of Sources Used:

• Fraser, Bruce W. (2005, Feb). Corporate social responsibility Internal Auditor. Database: FindArticles.com
• Stavins, Robert N. (2006, April). The Market for Virtue: The Potential and Limits of Corporate Social Responsibility (book review). Environment. Database: FindArticles.com.
• Teach, Edward. (2005, Dec). Two views of virtue: the corporate social responsibility movement is picking up steam. Should you worry about it? CFO: Magazine for Senior Financial Executives. Database: FindArticels.com

More papers on Corporate Social Responsibility:

• Term Paper # 93112 : "Corporate Social Responsibility"
• Research Paper # 60009 : "Public Relations and Corporate Social Responsibility"
• Analytical Essay # 143882 : "Corporate Social Responsibility"
• Research Paper # 73953 : "Corporate Social Responsibility"

APA Citation:

MLA Citation: