Concepts of Social Responsibility

Running head: THE CONCEPT OF SOCIAL RESPONSIBILITY

BUSINESS ETHICS

Julie Word

Western Governors University

The Concept of Social Responsibility

The topic of corporate social responsibility has always been under dispute; theoretically speaking the duty of an organization is innovation and production. An organization provides the society with products; intellectual and artistic products. The major responsibility for any organization is to do well in the production process, create market interests and make efforts to pay more tax to the society. An organization has obligations to the society; hence it has to bring benefits to the society where it operates. (Schwartz, 2011)

The concept of social responsibility is a form of corporate self-regulation which is implemented within the business model. The social responsibility function is integrated within the organization as a self-regulating mechanism that tends to monitor the business functions as it also makes sure that it works actively with the law, ethical standards and internal norms. Social responsibility of an organization is considered to be a process that embraces the responsibility of the organization’s actions and it tends to encourage a positive impact with the help of its activities on the consumer, employees, environment, stakeholders and communities.

Issues that Fall under Social Responsibility

It is a known fact that CSR tends to promote a vision of the company’s accountability to a wide range of stakeholders. There are some issues concerned with social responsibility. The issues that tend to fall under the category of social responsibility are as follows;

· Greater Disclosure: there is a great demand of disclosure that is stakeholders have been asking for disclosure from the company regarding its social responsibility.

· Customer Interest: the customer interest has increased in regards to corporate social responsibility. It can be said that customers purchase those...