What Are The Pros And Cons Of Corporate Social Responsibility

Decent Essays
THE PROS AND CONS OF CORPORATE SOCIAL RESPONSIBILITY

DEFINE BUSINESS ETHICS (BASED ON YOUR CONCEPTUALIZATION, NOT A “GOOGLE SEARCH:

In my opinion Ethics serves as an organization’s guide to conduct their business with highest integrity and highest ethical standards. While the values of an organization reflect its culture and serve to guide the employees’ daily interaction with client and colleagues, ethics provide important guidance to conduct their daily affairs. Ethics apply to everyone in the organization be it temporary employee or board of director

PROVIDE SPECIFIC EXAMPLES OF BUSINESS ETHICS (GENERAL EXAMPLES AND/OR SPECIFIC EXAMPLES OF ACTUAL COMPANIES):

1. Intellectual Property
2. Political contribution
3. Conflict of Interest
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Here also the company follows self-regulation into their business or operating model for the greater good for everyone involved. The companies decide to do social good that may be beyond the interest of the firm, with the goal to increase their shareholders trust and profit through positive image. Through their CSR strategies, companies focus on creating a positive impact with their key stakeholders like employees, shareholders, clients and the communities they operate in. CSR can be through philanthropic effort, environment friendly effort, have ethical practices and volunteering

GIVE SEVERAL SPECIFIC EXAMPLES OF CSR (GENERAL EXAMPLES AND/OR SPECIFIC EXAMPLES OF ACTUAL COMPANIES):

1. Lego Foundation works on getting the addressing the global - Ethical
2. McDonald has Ronald McDonald foundation - Philanthropy
3. PNC’s program is called Grow up Great - Volunteering
4. Google – Google green program - Environment friendlly
5. Kellogg’s for their Kashi brand worked with farmers all over the world for organize products

GIVE YOUR ARGUMENTS IN SUPPORT OF WHY ORGANIZATIONS SHOULD PRACTICE BUSINESS ETHICS/SOCIAL
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In fact we first met at RMH after a brief introduction at the Children’s hospital. Her family had come from India with a glimmer of hope to help with their son’s cancer treatment. The couple came here with lot of dreams and faced many challenges to help their only son. When they landed in Pittsburgh, they did not know anyone here. They checked-in at a near by hotel and brought their son to Children’s Hospital. After few days in hospital, the little boy was ready to have a home environment and they became aware of RMH. The charity offered the ability to live at a home away from home for this extremely ill boy. Whenever he was in the hospital, he always looked forward to go play in his RMH Home (that is how he called it).
My first interaction with the family was to help them move into The Ronald McDonald House. In the six months of treatment, I remember there were so many little things this family did in this home, which brought a smile to his face. These are little things like books to read, window to watch outside, other kids that he could talk to, and pizza for dinner that would make him feel that he is at

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