Areas of Social Responsibility Term Paper by scribbler

Areas of Social Responsibility
An explanation of corporate social responsibility and stakeholder management.
# 152047 | 1,934 words | 2 sources | MLA | 2012 | US

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This paper addresses the question of corporate social responsibility and looks at the legal, economic, ethical and philanthropic issues involved. It then goes on to describe stakeholder management and their responsibilities for ethical issues, explaining possible decisions the corporation could make for each ethical issue or concern.

Corporate Social Responsibility
Stakeholder Management

From the Paper:

''The four areas that make up Corporate Social Responsibility are legal, economic, ethical and philanthropic. Businesses have a responsibility to be profitable members of society. It relies on businesses to contribute to the common welfare and economy. Individuals expect that organizations will abide by the laws. Corporations are by definition legal entities created through statute to abide by certain ethical codes of conduct. Under these ethical codes, organizations are responsible for identifying stakeholders those who have an interest in the business's decisions and will be affected by the outcomes and responding to their needs and interests. The philanthropic CSR requirement does not state that a business should give all profits to charity. It does recognize, however sponsorship, direct community involvement, donations to existing nonprofits, establishing nonprofit foundations, and a host of other philanthropic endeavors (The Kaplan eGuide to Ethics and the Legal Environment, n.d.)
''In the case of The Clean Power Company they have a corporate responsibility to both the stakeholders in Cincinnati and the stakeholders in the Dominican Republic. In evaluating the decision to move the company or not it would be important to look at the following issues. In regards to their legal responsibilities they have a duty to abide by all laws in both places, Cincinnati and the Dominican Republic.''

Sample of Sources Used:

  • Effects of Dumping Sewage Water Directly Into the Sea. (2002). Retrieved March 21, 2010, from Planetary Notions Web site:
  • The Kaplan eGuide to Ethics and the Legal Environment. (n.d.).

Cite this Term Paper:

APA Format

Areas of Social Responsibility (2012, November 18) Retrieved August 13, 2022, from

MLA Format

"Areas of Social Responsibility" 18 November 2012. Web. 13 August. 2022. <>