Do Firms Have Social Obligations?

Do firms have social responsibility based on social obligations? In my opinion firms are bound by the employees and society that support a firm. Social responsibility should be a natural obligation for the management team of a firm to be integrated both in their business plan as well as their operations. “Corporate Social Responsibility” can impact profits to the benefit of the corporation and has a positive influence on the society in which they operate. Providing both employment opportunities for the labor force and operating in a responsible manner following the environmental regulations of the country are ways to operate socially responsible. Another point to consider is whether or not firms preach social responsibility to the public and do another under cover? …show more content…
In the article, “Long-term health effects of particulate and other ambient air pollution”, the authors bring to light some simple facts about air pollution that has various negative health effects. The authors state that “There is no specific air pollution disease; air pollution has to be considered a component cause for a variety of multifactorial health outcomes” (Künzli & Tager, 2000, para 4). Based on their research the authors reveal that many long term studies are underfunded and lack substantial results that identify concrete answers that correlate directly to specific disease. In spite, of theses blunders in government funding and regulation, the long term effects of corporate air pollution continues to slowly poison the society’s that reside around industrial air pollution ((Künzli & Tager,