Corporate Social Responsibility
Critically reflect on ethical theories and Social Responsibility Ideologies Create Organisational Sustainability.
Cooperate Social Responsibility: Many business gurus have varying definitions of what really Corporate Social Responsibility is and its major obligations in terms of growth and development in society. The most recommended concept would be that CSR is the relationship that business and society achieve as a result of mutually benefitting each other positively. In the modern world, CSR plays the role of creating a sustainable environment where both the business and society benefit in equal measure. Ideally, CSR also aims to enhance international cohesion through ensuring that there is prevalence of equality and sustainability across all fields of life.
This school of life has proved beyond any ounce of a doubt that the impact it has had in society since its foundation is not a blow of wind that can simply be ignored. Concerned stakeholders of the welfare of society and its environment raised concerns claiming that for the good that it has done to the current world, its essence has to be addressed. In this essay, the reason why CSR has the obligation of fostering sustainability between business and society will be discussed ideally to the satisfaction of the reader. The relevance of this particular study will also be revealed in the study that is about to unfold.
There is no doubt that CSR has proved to be more beneficial than implicational owing to the very evident growth and developments it has had to impact in society right from the beginning of its foundation.
Over the years, the role that business used to play in the growth of a sustainable society gradually evolved from being a one-sided deal that placed society at the receiving end of a bad deal were scraped off and soon reasonable rules and regulations that sought to address the rights and freedoms of all stakeholders came to be implemented to meet the expectations of the contemporary matters of society.
The objective of this study is to enlighten the reader about the different types of management theories that are used to define the relation that there is between society and business. For example, integrative theories state that it is the demands of society that feed suppliers and all types of producers. This theory coupled with several others such as technological and political will be discussed in the essay below. Additionally, the relevance of this study to the real world will also contained in the details below.
Integrative theories: these theories explain that for CSR to attain their sustainability in the current society, societies’ social demand should be among their major focus. These demands relate on how people respond to business activities implemented and the diverse effects the activities have to the society. The functions of integrated theories in relation to the demands, is to detect any business prosperity, the advantages that accompany it and how the neighboring individuals have benefited from it. Not only do they just detect the prosperity, but they ensure that the positive impacts portrayed outweigh the negatives (Rahbek, 2017).
Political theories: They highlight the relationship between business and society and their diverse modules of interaction. Comparing the society to business activities, political powers are majorly focused on the business sector. Political theories create a connection between an individual and society. Through the formation of various guidelines to the business organization by the political powers, the CSR is able to attain their sustainability, as the guidelines will be focused on ensuring a positive aftermath to the society.
Instrumental theories: They are focused in the at most growth of business organizations in the society. Also referred to as strategic tools for corporates, they play a role in the provision of various ideas for the growth of the business (Landly, 2014). CSR is related to these theories as they major in provision of ideas on way a business can create income for the smooth running of their activities. A successful business organization is reflected through the impacts it has on the society. Sustainability of CSR is achieved as the business is able to implement on the ideas and if the ideas have made them achieve the set goals.
Ethical theories: These type of theory is focused in the highlighting of the requirements that are necessary to improve and maintain the good relationship present between business and the society. However, these requirements follow some listed principles that are important in the analyzing if the business is either legal or illegal and the necessity it can follow in ensuring a great response in the society. Through these ethicals, the CSR is able to acquire its sustainability in the society as the inter relation between the two groups i.e. business and the society, will be at a balanced state.
Morals theories: These theories are based on the fact that common sense against violation of individual’s human rights is a factor believed to be common to all business companies (Crane, 2016). These common senses are protected by principles that are obliged to provide effective duties both in the society and in business organizations. Duties created, are meant to consider that everyone is equal despite their indifferences. CSR is responsible in ensuring that the rights of every individual in the society are equal to all, as a way of fulfilling their sustainability. Positive remarks from the members in the society on the advantages of the specified business strategy is a great improvement to the CSR.
Stakeholder theories: They emphasize on the fact that for a good relation to prevail between business and the society, the business implemented should be able to satisfy wants of the members of the society. However, the satisfying of these wants are facilitated by the management strategies of the business by its officials. Proper management of the business, is a benefit both to the stakeholders and to the society, as the positive impacts evident through the success of the business, will be experienced by both parties. CSR in indirectly involved to this as it provides with necessary assistants needed on the management.
Deontological Moral theories: These theories state that there is no company or rather organization that is under the obligation of positively impacting the lives of people in society. Instead, they have the responsibility of ensuring that the nature of the commodities or rather services being offered are of less harm. Additionally, morality is questioned on whether or not it is all about safeguarding the rights and freedoms of all stakeholders within the jurisdictional boundaries of the business. This is how CSR promotes sustainable living in the whole society.
Grounded Theory: This theory states that for a business to be deemed as potentially lucrative, it has the duty of submitting all statistical data (Schwartz, 2014). The aim of this submission is to help the government to gather information about the level of productivity of the business, its major economies of scale as well as its diseconomies f scale. In other words, unlike the other theories that simply rely on prediction and quantity collection of data, this theory states that reliable data has to be presented. Once this is done, it can be safe to claim that sustainable is just around the corner.
Enhances the role of business in society: As mentioned in the earlier bits of this study, prior to the arrival of ideologies of CSR, the whole world was surviving by the mercy of malicious and less qualified business personalities who were out to benefit from society without any plans of giving back. When CSR came into the picture, rules and regulations began being implemented and that is when changed came with it. It was agreed that businesses and society itself were at liberty of benefiting positively from each other.
Builds the gap between the growth and development of society and the business itself: The relationship that exists between business and society is best defined with political theories. They seek to find out the level to which environmental factors such as civil wars in a nation have to the progressive growth of a business and society at large (Visser, 2016). Already, the role that CSR plays in such a situation has been preempted by the fact that its political theories seek to identify the relationship that exist between the productivity of the business and society as well. This is how CSR ensures sustainability has been adhered to the latter.
Ever since the introduction of CSR to the modern society, the corporate world changed its direction. The steering wheel was now being directed towards the direction of sustainability and now every stakeholder was happy with the progressive development. To this point in the study, it has successfully established that the role that CSR plays in the growth and development of both society and business is far too impressive to be shoved under the carpet. In other words, CSR is the intermediate that will never cease to exist between business transactions and social demands.
Crane, A. (2017). The Oxford Handbook of Corporate Social Responsibility: An EthicalApproach. Boston, John Wiley and Sons.
Vallabhaneni, S. (2015). Corporate management, governance, and ethics best practices.Hoboken, N.J.: Wiley.
Landly, D. (2012). Corporate Management: Corporate Social Responsibility. Virginia, B.LKislev
Rahbek, E. (2017). Corporate Social Responsibility. Boston: Cengage Learning Press.
Swatchz, M. (2014). Corporate Social Responsibility. New York: AMACOMVisser, W. (2016). The A to Z of Corporate Social Responsibility. United Kingdom: Universityof Harvard
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