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Moral and Ethical Issues- Corporate Social Responsibility


Affiliations
1 Durgapur Institute of Management and Science (Affiliated to West Bengal University of Technology), India
 

Corporate social responsibility is a business's concern for society's welfare. This concern is demonstrated by managers who consider both the long-range best interests of the company and the company's relationship to the society within which it operates. The newest theory in social responsibility is called sustainability. This refers to the idea that socially responsible companies will outperform their peers by focusing on the world's social problems and viewing them as opportunities to build profits and help the world at the same time. It is also the notion that companies cannot thrive for long (i.e., lack sustainability) in a world where billions of people are suffering and are desperately poor. Thus, it is in business's interest to find ways to attack society's ills. Only business organizations have the talent, creativity, and executive ability to do the job.
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Abstract Views: 221

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  • Moral and Ethical Issues- Corporate Social Responsibility

Abstract Views: 221  |  PDF Views: 79

Authors

P. K. Dutta
Durgapur Institute of Management and Science (Affiliated to West Bengal University of Technology), India
Amit Kr. Banerjee
Durgapur Institute of Management and Science (Affiliated to West Bengal University of Technology), India

Abstract


Corporate social responsibility is a business's concern for society's welfare. This concern is demonstrated by managers who consider both the long-range best interests of the company and the company's relationship to the society within which it operates. The newest theory in social responsibility is called sustainability. This refers to the idea that socially responsible companies will outperform their peers by focusing on the world's social problems and viewing them as opportunities to build profits and help the world at the same time. It is also the notion that companies cannot thrive for long (i.e., lack sustainability) in a world where billions of people are suffering and are desperately poor. Thus, it is in business's interest to find ways to attack society's ills. Only business organizations have the talent, creativity, and executive ability to do the job.