Ethical Perspective on Social Responsibility Essay

1441 Words Aug 3rd, 2013 6 Pages
Ethical Perspective on Social Responsibility

Social responsibility defined (3 views)

* Responsibility of an organization for the impacts of its decisions and activities on society and the environment, through transparent is consistent with sustainable development and the welfare of society * takes into account the expectations of stakeholders * is in compliance with applicable law and consistent with international norms and behavior * is integrated throughout the organization (Puneet, S., & Ashish, N. 2012).

* The commitment of the company to contribute the the sustained economic development by working with employees, their families, the local community, and the entire society in order to
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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 leadership

* One of Friedman’s key point is that in a free enterprise, private property system a corporate executive is an employee of the owner of the company. In his capacity as a corporate executive, the manager is the agent of the individuals who own the corporation or establish the eleemosynary institution, and his primary responsibility is to them (Friedman, 1970). * .

* Friedman states two political mechanism in Unanimity and Conformity : * Unanimity mechanism in an ideal free market resting on private property, no individual can coerce any other, all cooperation is voluntary, all parties to such cooperation benefit or they need not participate. There are no values, no "social" responsibilities in any sense

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