Some have leveled criticisms against corporate responsibility, for instance claiming that the aims of corporate social responsibility are in direct conflict with the aims of social responsibility. This criticism also asserts that a corporation's responsibilities, therefore, should only be directed towards the interests of its stakeholders and investors.Continue Reading
These critics believe that if companies aim to maximize their profits, then they can't justify spending their money on philanthropic purposes. Some critics also claim that the money corporations do spend, whether it be on bettering their communities, funding humanitarian causes as well as other socially responsible endeavors, have a negligible effect in bettering these social causes.
Other critics assert that companies which practice corporate social responsibility are oftentimes much more concerned with promoting their brand or public image than actually providing tangible assistance to the causes. For some businesses that do genuinely help out with social causes, they still have to worry about winning over their customers. Companies that are heavily involved with philanthropic causes may be perceived as boasting of their social commitments. These businesses could suffer reduced contributions from investors as well, because they would be turning down higher profits in exchange for social investments that wouldn't provide any revenue.Learn more about Corporations
Nike is one of the largest manufacturers of athletic apparel and sporting equipment in the world, therefore it has numerous, distinct missions and aims. As with all publicly traded companies, Nike’s first objective is to make a profit for the shareholders.Full Answer >
Some aspects of the corporate social responsibility model are the economic obligation to turn a profit and the ethical obligation to abide by laws. In addition, ethical aspects of the corporate responsibility model require a company to pay fair wages, act in an way that preserves the environment and support philanthropic causes.Full Answer >
There is a wealth of information available regarding the meaning and role of ethics and corporate social responsibility in the 21st century. Corporate social responsibility is the introduction of ethical elements and considerations into business practices so that businesses can benefit society. This movement is a response to the growing awareness that businesses can make decisions to maximize profits and efficiencies that ultimately bring harm to humans, animals and other aspects of the environment.Full Answer >
The main mission values for Dell are integrity and responsibility coupled in a business environment, according to Dell's Purpose and Values section on their website. Dell considers winning in a business environment important, but nothing is more important than winning the right way.Full Answer >