The Theory Of Social Responsibility - 1673 Words

The pattern of social responsibility will be demonstrated in this paper by noting a couple inquiries encompassing the thought and routine of social responsibility. The paper will start with characterizing the idea of social responsibility and noting the accompanying inquiries: What does Cohen feel is the social responsibility of a business to its workers, stakeholders, and society as a whole? How does this perspective align with that of Drucker? How does Cohen’s opinion compare with that of Friedman? Which aligns best with the current business climate promoting a ‘green environment’? Why? Social Responsibility Druker inferred that each organization must accept full responsibility regarding its effect on workers, the earth, clients, and whomever and whatever it touches is social responsibility (Cohen, 2009 p. 31). Generally, social responsibility is a leadership commitment to society and that organizational must act as needs be to accommodate the well-being and interest of the general public that it influences. Social responsibility can t be satisfied through governments alone which is the place where hierarchical social responsibility becomes possibly the most important factor. Moreover, there are numerous aspects in social responsibility, it simply depends of which venue of social responsibility is followed up on to encourage financial assistance. For instance, Cohen (2009) indicated a number of elusive contrasts by means of two distinctive rich business visionariesShow MoreRelatedTheories Of The Social Responsibility Theory863 Words   |  4 PagesMany theories that are postmodern theories are related to reality in mediated communication than most of the modern global theories. According to Kamalipour (2006), â€Å"One of the earliest attempts to think about media internationally was a book published in the 1950s entitled Four Theories of the Press (Siebert, Peterson, Schramm, 1956). Its authors set out to create what is sometimes called a taxonomy, which means dividing up all the various versions and aspects of a topic into systemic categoriesRead MoreSocial Responsibility Theory1420 Words   |  6 PagesSocial Responsibility Theory To combat the pressures that threatened freedom of the press, this theory was first introduced in 1947 and was recommended by the Hutchins Commission on Freedom of the Press. It stated that the media should serve the public, and in order to do so, should remain free of government interference. It defined guidelines that the media should follow in order to fulfill its obligation of serving the public. Ethics and the Media The Social Responsibility Theory claimedRead MoreSocial Responsibility in Stakeholder Theory1509 Words   |  7 Pages 2. Social responsibility in stakeholder theory 3 2.1 Why social responsibility? 3 3. Limitations 4 4. Case study examples: Starbucks amp; Nike 4 5. Conclusion 5 6. References 6 7. Appendixes 9 Appendix A 9 Appendix B 10 1. Introduction This report focuses on social responsibility issue focusing on stakeholder theory. Social responsibility will be introduced and defined based on stakeholder theory. Next, analysis on the importance and limitations of social responsibility willRead MoreSocial Responsibility And Shareholder Theory808 Words   |  4 Pagescorporation is extracted from society a certain income, they therefore obliged him to pay. What is a social responsibility of business today? What should do executives only satisfy shareholders or they have also obligations to society? One of the most famous studies about social responsibility and shareholder theory presents in the article of economist Milton Friedman named â€Å"The Social Responsibility of Business Is to Increase Its Profits†, which has been published in 1970n. In this article authorRead MoreObjectivity And The Social Responsibility Theory936 Words   |  4 PagesPart I: Objectivity in journalism is claimed by many media sources yet is one of the hardest things to find when searching the news. An objective view in journalism associates itself with the social responsibility theory, in which a person must provide a variety of views for a piece of information given to the public (Grossber 383). While many journalists may claim they are objective, this type of communication to the public is difficult to achieve, as a natural bias develops within a person fromRead MoreThe Theory Of Corporate Social Responsibility7407 Words   |  30 Pagesaccountability beyond the standard agency theory (li mited liability of shareholders for the company’s violations or breach and the company’s main accountability being towards its shareholders and investors only) to the stakeholder theory (company’s accountability towards a broad range of stakeholders, including employees, environment and local communities). The abovementioned stakeholder theory became central to the theory of corporate social responsibility in many areas, but above all, in the areaRead MoreMedia Ethics, The Authoritarian Theory And Social Responsibility Theory Essay1076 Words   |  5 Pagesand its responsibilities, in this paper I am going to have a debate about the responsibilities of the media to the public and how we should be watchful of the information we taking part in. There is two main theories in media ethics, the authoritarian theory and Social responsibility theory. The authoritarian theory press was seen as a very controlling tool, and those in authority used it to convey only that information that they wanted the public to know. Social responsibility theory of mediaRead MoreEthical Theories And Corporate Social Responsibility1853 Words   |  8 Pages 4.0 Ethical Analysis In this section, I will explain traditional and contemporary ethical theories, corporate social responsibility, governance and leadership, sustainability, globalisation, managing business ethics and the impact of changing business environment on corporate social responsibility. 4.1 Traditional Contemporary Ethical Theories and Corporate Social Responsibility Corporate Citizenship Traditional ethic starts from ancient Greeks to the ethics of Christianity. It supposes thatRead MoreShareholder Wealth Maximization And Corporate Social Responsibility Theories1955 Words   |  8 PagesViewpoints Of Shareholder Wealth maximization And Corporate Social Responsibility Theories â€Å"Sell a stock rather than try to change the company’s policy.† Introduction Are the goals of globalization, the primary driving force for international economic and financial development, best supported by the paradigms of shareholder wealth maximization or do they match the ideas of corporate social welfare as exemplified by Catholic social teaching? Globalization in the modern day is impacting each andRead MoreTheories And Frameworks Of Csr1315 Words   |  6 PagesFrameworks There are various theories and frameworks of CSR that helps organisations to attain a positive position in society. These are as follow: 1.2(a) - Pyramid of Corporate Social Responsibility The modern definition of CSR is rooted in Carroll’s Pyramid of Corporate Social Responsibility. This model outlined the four different elements of CSR which include economic responsibility, legal responsibility, ethical responsibility and philanthropic responsibility. (Carroll, 1979). The pyramid