Within “A Three-Dimensional Conceptual Model of Corporate Performance” Archie B Carroll discusses the social responsibility of corporations. Our society is largely marketing based;thus, corporate owners have a lot more power over the processes that occur in the world than they may realize. As a result, Archie B. Carroll has effectively defined social responsibility as the ‘ethical and discretionary responsibilities” of corporate owners. This includes: Economic responsibilities, legal responsibilities, ethical responsibilities, and discretionary responsibilities.
To begin with, economic responsibilities, which is defined as a corporation's responsibility to produce goods and sell them for a profit (Carroll 1979). For example, the economic responsibility of a corporation like Apple is to produce electronic products; such as iPads, and sell them in the international market. As a business, this is the most important responsibility. In the United States, our economy is based on the production and profit made by products and service. Without this economic cycle, there …show more content…
Our society is based on supply and demand, production and profit. There is a lot of responsibility that comes with being a corporation, you become the center of our world in a sense. Due to Carroll’s theory, corporations may be assessed and improved based on the model of social responsibility. Therefore, one may conclude that Carroll effectively developed the theory of corporate social responsibility in order to regulate large corporations, and ensure they are working for the benefit of society as a whole. Carroll’s theories of social responsibility are especially beneficial for managers because it allows for an effective method for assessing any social issues that may occur and improving the way in which business is conducted by exposing areas that can be
To begin with, economic responsibilities, which is defined as a corporation's responsibility to produce goods and sell them for a profit (Carroll 1979). For example, the economic responsibility of a corporation like Apple is to produce electronic products; such as iPads, and sell them in the international market. As a business, this is the most important responsibility. In the United States, our economy is based on the production and profit made by products and service. Without this economic cycle, there …show more content…
Our society is based on supply and demand, production and profit. There is a lot of responsibility that comes with being a corporation, you become the center of our world in a sense. Due to Carroll’s theory, corporations may be assessed and improved based on the model of social responsibility. Therefore, one may conclude that Carroll effectively developed the theory of corporate social responsibility in order to regulate large corporations, and ensure they are working for the benefit of society as a whole. Carroll’s theories of social responsibility are especially beneficial for managers because it allows for an effective method for assessing any social issues that may occur and improving the way in which business is conducted by exposing areas that can be