Corporate Social Responsibility Name of the student: 5 Freidman: 5 Jensen's theory: 9 Boatright's theory: 9
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CORPORATE SOCIAL RESPONSIBILITY 4 CORPORATE SOCIAL RESPONSIBILITY Corporate Social Responsibility Name of the student: Name of the university: Author note Introduction 2 Literature review: 2 Discussion 4 Benefit of the society: 4 Theories: 5 Freidman: 5 Freeman’s theory: 6 Jensen’s theory: 9 Boatright’s theory: 9 Conclusion: 10 Reference: 11 Executive summary The main aim of this report is to point out the main theme of the corporate social responsibility. Corporate social responsibility can be
Corporate Social Responsibility Name of the student: 5 Freidman: 5 Jensen's theory: 9 Boatright's theory: 9
Added on 2020-04-29
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Running head: CORPORATE SOCIAL RESPONSIBILITY Corporate Social Responsibility Name of the student: Name of the university: Author note
1CORPORATE SOCIAL RESPONSIBILITY Table of Contents Introduction...........................................................................................................................................2 Literature review:..................................................................................................................................2 Discussion.............................................................................................................................................4 Benefit of the society:........................................................................................................................4 Theories:............................................................................................................................................5 Freidman:..........................................................................................................................................5 Freeman’s theory:..............................................................................................................................6 Jensen’s theory:.................................................................................................................................9 Boatright’s theory:.............................................................................................................................9 Conclusion:..........................................................................................................................................10 Reference:............................................................................................................................................11
2CORPORATE SOCIAL RESPONSIBILITY Executive summary The main aim of this report is to point out the main theme of the corporate social responsibility. It has been stated by many researchers that the companies have certain duties towards the society and they should act for the benefit of the society. However, in this report, the four theories regarding the same havebeendiscussedandanalysedcritically.Theleaningmentalityofthecompaniestothe shareholders have been mentioned in this report and also discussed about the reasons regarding the same. The actual purpose of the policy of social responsibility has been narrated.
3CORPORATE SOCIAL RESPONSIBILITY Introduction The report is based on certain theories of corporate social responsibilities. Corporate social responsibility can be termed as responsible business and the main object of this policy is to monitor the business mechanism and maintained the standard of business within the sphere of law (Brown, 2013). The process includes certain standard of statutory requirements and engaged the companies to act for the benefit of the society. It has been stated by the policy that every company should have to do certain works from that the society can be benefitted and the main theme of the policy is based on this fact. However, the acts of the companies should be performed within the purview of law. The policy has given certain options to the labour organisation so that they can take part to this noble action and understand the socio-political issues of the company (Cheng, Ioannou, & Serafeim, 2014). In recent times, it has been observed that the companies are suffered gender discrimination and recruitment of disabled workers. Sexual abuse in the workplace or irregularity in the payment of wages are also burning topic in the companies and these affected the social and personal life of the workers. Corporate social responsibilities are restricting the power of the corporation and act as a guide to the companies (Crane, Matten & Spence, 2013). It regulates certain business ethics and for the betterment of the company. According to the view of the political economists, this policy can secure the interest of the stakeholders and will help to manage the enterprises by strategic and ethical point of view. Milton Friedman had stated that the ultimate goal of the corporation is to ensure profit for the interest of the shareholders. Reverend Freeman concentrated on the ethical promises of a business. This report has been discussed the theories and critically analyse all the necessary concepts to come into a conclusion regarding the motto and objective of the corporate social responsibilities (Hombert et al., 2014). Literature review: Therefore, it has been notified that the main theme of this report is to discuss the importance of the corporate social responsibilities. This matter can well be understood by point out the purposes
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