Corporate Social Responsibility
Social responsibility is the ideal theory that an organization has a responsibility to society. The voluntary act of social responsibility goes beyond legal responsibility. It is based on what society perceives as unethical or irresponsible that could potentially harm society. These perceptions include what is considered harmful to the community and the people, animals, and environment within. The role of the organization is to prevent these behaviors before they occur (Social Responsibility).
Corporations are involved in being social responsible because of the impact their behavior could have on not only the community but on their customers, employees, and shareholders (Corporate Social Responsibility). While doing good acts for the community is admirable, corporations may not benefit from behaving responsibly or correcting their irresponsible acts. The company may get press and acknowledgement from customers when they voluntarily take part in charitable giving or raising money for people in need. Also they will get noticed if they correct something that can harm the environment and people will tend to respect and be more likely to buy the product or service the company is offering. While these acknowledgements may occur that does not mean that it will help the company’s economic performance.
Almost all corporations must take part in being socially responsible today. Two industries that have obvious reasons to attempt being socially responsible include the alcohol and tobacco industries. The alcohol industry issues warnings in their advertisements to “Drink Responsibly”; the tobacco industry has made its own attempt by no longer advertising towards ch ...