William Cohen's Theory: The Father Of Modern Management
* Cohen states that Drucker is the “The Father of Modern Management” and that he was a genius whose interest and contributions extended into many areas of economics and social endeavors as well as business and nonprofit management (Cohen, 2009).
Cohen opinions versus Friedman * Cohen and Drucker approach to social responsibility of organizations differed from Friedmen but were not distinct. Drucker approach to social responsibility included four key themes: 1. The inability of government to solve many social problems 2. The need for social responsibility to be subordinate to the organization’s mission 3. The opportunities for competitive advantage in social responsibility 4. The critical importance of …show more content…
Current business climate promoting a green environment * Businesses, corporations, stakeholders around the world have become aware of the needs and benefits of social responsibilities in order to contribute to a green and sustainable environment. Sustainable business is not only providing products and services that the customer wants but by not harming the environment at the same time.
* From the teachings of “Casuistry”, “Confucian ethics of interdependence” and the current business and economic teaching from Milton Friedmam, Peter Drucker and William Cohen awareness has been raised and emerging international standards for social responsibility have been created.
* ISO 26000 have been established to address seven core subjects of social responsibility: (Puneet, S., & Ashish, N. …show more content…
Concepts terms and definitions related to social responsibility 2. Background trends and characteristics of social responsibility 3. Principles and practices relating to social responsibilities 4. Core subjects and issues of social responsibilities 5. Integrating, implementing and promoting socially responsible behavior through the organization and through its policies and practice within its sphere of influence. 6. Identifying and engaging with stateolders 7. Communicating commitments, performance and other information related to social responsibility.
Conclusion * Ethics, compliance training is now part of social responsibility and is integrated into “code of conduct and ethics training” for all new employees of most corporations. This type of education to all staff members is now on-going. Topics include the following: * Equal opportunity * Drugs/alcohol in the workforce * Safety and security, * Conflicts of interest * Speaking up * No retaliation policy * Manager and supervisor policies * Sexual