The Core Responsibility Of A Corporation - 1752 Words

For many years, researchers held that the core responsibility of a corporation was to provide shareholders with financial returns. Carroll (1979) proposed that organizations have other types of responsibilities towards the society. In Carroll’s view, at some stage society has economic, legal, ethical, and other expectations. The essential part of Carroll’s definition of CSR is that a company has four primary responsibilities: to be profitable, observe the law, be ethical, and conduct discretionary activities. Drawing on those four responsibilities Carroll (1991) created a four-level pyramid of CSR and stated that the CSR policy of a company must include all of them. Carroll placed the economic responsibilities at the base of the pyramid, since for a company to operate successfully, it must have a financial return. On the second level were the legal responsibilities which in order to be fulfilled corporations must pursue their economic objectives (Carroll, 1991). Placing the economic and legal responsibilities at the bottom of the pyramid was reasonable because those two are fundamental for a company to be successful. The ethical responsibilities were placed on the third level of the pyramid suggesting that organizations ought to conduct their businesses operations in a fair and appropriate way and ought to protect the stakeholders’ moral rights (Carroll, 1991). The distinction between the legal and the ethical responsibilities is that in the former the norms areShow MoreRelatedTyco Organization1214 Words   |  5 PagesTyco Corporation Management 330 March 20, 2009 Introduction During the course of this paper one will see addressed several issues of responsibilities that the Tyco Corporation must deal with. Some of these issues are ones that they have had to deal with quite recently. The responsibilities that one will see discussed are the legal, social and ethical issues that arise in a company that is nationally known. Legal Tyco provides products and services across the world. Read MoreArgument For Promotion Of Core Csr1635 Words   |  7 Pagespromotion of core CSR. WE MUST PROMOTE CORE CSR vs WE MUST NOT PROMOTE CORE CSR Milton Friedman, in his work titled, â€Å" The Social Responsibility of Business is to Increase its Profits†, emphasizes the role of business in society is to maximize shareholder wealth, and likens any activity misaligned with regard to that mission as â€Å"stealing†. In my argument against Milton Friedman’s â€Å"must-not† engage in core CSR stance, I would like to introduce the argument of expanding the responsibility of businessRead MoreNew Belgium Brewing Company s Social Responsibility Practices Essay1215 Words   |  5 PagesBelgium Brewing Company’s social responsibility practices. Firstly, the environmental issues they work to address will be addressed, how New Belgium Brewing has taken a strategic approach to addressing these issues, and why the company has taken such a strong stance toward sustainability. Secondly, the company focuses on social responsibility and how it provides a key competitive advantage. Finally, the New Belgium Br ewing Company is a socially responsible corporation. Research The New Belgium BrewingRead MoreCorporate Social Responsibility : A Strategic Concept1393 Words   |  6 PagesSection 1: Introduction Corporate social responsibility is a notable strategic concept whose presence in today’s business world cannot be overlooked. This paper consists of an intricate analysis of corporate social responsibility, as well as an investigation on how Target Corporation is handling this increasingly popular business concept. The background and foundation of this business approach is thoroughly depicted, shedding light on its rising acclaim among firms and the positive effects it hasRead MoreCorporate Social Responsibility : Ethical Responsibility1529 Words   |  7 PagesCorporate Social Responsibility: Should we, or should we not. Corporate Social Responsibility (C.S.R.) is a theory practiced in the business sphere since fifty years. It refers to the duty of business organizations to adopt certain activities that will benefit the society in some way. Charity, health-awareness campaigns are few examples that a business undertakes to fulfil its objectives of C.S.R. According to this ideal, it is important for various corporations today to undertake such social activitiesRead MoreRethinking the Social Responsibility of Business Essay773 Words   |  4 PagesJohn Ferguson BMGT 2216 Rethinking the Social Responsibility of Business The ethical issues presented in this case are the different views that each individual has on how the idea of corporate social responsibility (CSR). This dispute is between Mr. Milton Friedman, John Mackey, and T.J. Rodgers; all of which has a different outlook on CSR. The definition of CSR refers to the responsibilities that business has to the society in which it operates and to those actions that a business can be heldRead MoreCorporations Should Pursue Goals Creating Profit For Shareholders1541 Words   |  7 Pages Whether or not corporations should pursue goals besides creating profit for shareholders has long been a matter of debate. For my part, the statement that â€Å"The actions undertaken by a corporation in the pursuit of shareholder wealth are justified, as long as they are not illegal† is valid. The reasons are presented below. To begin with, a corporation is created for the purpose of creating wealth for shareholders. In terms of property rights, shareholders that invested the principal are the jointRead MoreEvaluation: Ethical Perspectives on Social Responsibility Essay1143 Words   |  5 PagesEvaluation: Ethical Perspectives on Social Responsibility This paper evaluates Cohen’s article on social responsibility and considers how his perspective and ideas align in comparison with other management experts including Drucker and Friedman. Some key components that are included in the evaluation are: †¢ A definition of the concept of social responsibility. †¢ What Cohen identifies as the social responsibility of a business to the workers, stakeholders, and society as a whole. †¢ How Cohen’sRead MoreNew Belgium Brewing Essay763 Words   |  4 Pagesbelief. They love nature that’s why they go to Rocky Mountain national park to think about their business. So they decide their core values and beliefs to try to protect environment. 2. Do you agree that new Belgium’s focus on social responsibility provides a key competitive advantage for the company? Why or why not? Yes, I think NBB’s focus on social responsibility is a key competitive advantage. Because only one small detail things make big difference in image. In USA, there is a lot of BeerRead MoreThe Importance Of Corporate Social Responsibility Development1196 Words   |  5 PagesSocial Responsibility development in business landscapeï ¼Å'which is defined as be responsibility to all corporation activities with environment sustainable. Whether a small enterprise or a multinational company, CSR is an integral part of company to promote brand imageï ¼Å'enhance social harmony. And it also become a standard of company working measurement. Internallyï ¼Å'the CSR activities give staff respect and welfare, and for external which can maintain public order. However, in short term, corporation can

The Wage Gap Between Men And Women - 1337 Words

Men and women. Even the name of the female gender is derived from the male species. For years, women have been discriminated against in an array of areas such as politics, at home, and in the workplace. The most debated area of gender discrimination is the wage gap between men and women. After reviewing the following facts, it is obvious women are essentially just as valuable as men, and therefore should be treated equally in the workplace. The pay gap between males and females has been a topic that has been heavily debated for years. To every story, there are two sides, but to this one, in particular it’s obvious as to which one is morally correct. When examining each individual fact it is clear to see that gender discrimination against women in the workplace is wrong. There are numerous examples of how the wage gap is still apparent in today’s society. Women only make 77% of what men earn in the same occupation (Carnevale, 1). Meaning women make only 77 cents to every dollar men earn. This gap in wages is backed up with no probable cause for the wage gap between genders. After seeing these statistics it easy to see women are discriminated down to the cent based on their gender. Whatever gender, race, or religion an individual is one would assume that the higher up their position is at work, the more they would make. According to â€Å"10 Surprising Statistics on Women in the Workplace† the wage gap increases even more as women become more powerful in their job. The pay gapShow MoreRelatedThe Wage Gap Between Men And Women1552 Words   |  7 Pagesearned by men, which means a wage gap of twenty-two percent. Women are nearly half of the labor pool and are equal if not main, jobholder s in four out of ten households. Not to mention, women receive more college and graduate degrees than men. Women still coninue to bring in less than men. On average, women earn less than men in basically every profession that there is adequate income data for both women and men to estimate an earnings percentage (IWPR, 2014). The Institution for Women s PolicyRead MoreThe Wage Gap Between Men And Women Essay1507 Words   |  7 Pages It is a known fact that women faced inequality in the past, however, it is arguable whether they still face inequality today. When bringing statistics to the table, there is a wage gap between men and women. This is caused by many things. For one, women have tended to exceed men when it comes to education. However, men still tend to receive better jobs with higher pay. This is because gender inequality. There is also inequality inside of the work place. Men tend to receive more promotional opportunitiesRead MoreThe Wage Gap Between Men And Women1689 Words   |  7 Pagesthat bothered us, interested us, or something we wanted to learn more about. The first thing I thought of was equal pay between men and women. With the ratification of the 19th amendment, women became legally equal to men. Then in 1963, the Equal Pay Act was passed yet. Yet today, the wage gap between me n and women still exists. According to the White House’s official website, women working full time are only earning around 77% of what their male coworkers are earning. This problem is even worse withRead MoreThe Wage Gap Between Men And Women2628 Words   |  11 Pagesissue of the wage gap between men and women in the labor market is currently dealt with in the course of a number of scientific debates, is the subject of public discussion in the broad political and social bodies of the world and different countries have their proposed solutions. There are also historical conditions of social and emotional ground that appointment and further determine the role models for women and men - now called traditional. The difference in pay between men and women is a trendRead MoreWage Gap Between Men And Women1270 Words   |  6 PagesNow seeing me as a women today being only looked at as the equivalent of a slave is ludicrous (Spiegel, pg. 16). According to Spiegel there are three different explanations of why there was a wage gap between men and women. The three explanations are the women are concentrated in jobs that require less education or skills than men, women might receive lower pay than me for identical work, or women might be doing different work than men, but work that is comparable in term of the training requiredRead MoreThe Wage Gap Between Women And Men2336 Words   |  10 Pagesa look at the wage gap between women and men. It has always been known that men make more money than women. Many acts of legislation have been passed to address the disparities. But as time has progressed this topic is not one that grasps the attention of society. Society feels that there are other more important topics to focus on. The inequities amongst men and women pay has been in effect from the early 1800s and continues on in the new millennium despite, the gains women have made. AndRead MoreThe Wage Gap Between Men And Women1979 Words   |  8 Pagespr event/discourage discrimination in the workplace. Section 2 The Congress hereby finds and declares the wage gap in America between men and women is a problem that needs to be addressed and remedied. Should people be paid the same amount and treated the same way as others like them with the same experience and skills? The obvious answer is yes, but a wage gap and an unequal treatment of women in the workplace persist in the United States. As John F. Kennedy believed, the Equal Pay Act he passed inRead MoreReducing The Wage Gap Between Men And Women1213 Words   |  5 Pagesthe gender wage gap. Firstly, this organization firmly believes that raising the minimum wage will positively affect the wage gap between men and women. Averages illustrate that differentiation s among men and women s job selections could be considered for virtually half of the gender pay gap. Increasing the minimum wage will benefit those dedicated women laborers by helping support their families. Two third of mothers are sole providers within their households and these sa me women are the onesRead MoreThe Gender Wage Gap Between Men And Women986 Words   |  4 PagesThe gender wage gap. This is an issue that has been kept largely quiet and does not get even half the attention it deserves. The wage gap is simply the deviation in salaries between men and women. This gap in pay is an issue that spans the globe, and effects many people, from struggling single mothers to hard working corporate women. In W.E. Jacob and Laura Finley’s article â€Å"Differences in Pay Rates Between Men and Women do not Prove the Existence of Gender Inequality† attempts to debunk the discriminatoryRead MoreThe Pay Gap Between The Wages Of Men And Women Essay978 Words   |  4 Pagespopular belief, the pay gap between the wages of men and women still exists. According to the Cambridge Business English Dictionary, the wage gap is â€Å"the difference between the ​amounts of ​money ​paid to women and men, often for doing the same ​wor k† (â€Å"gender pay gap†). The fact that we are still discussing it, especially during the current presidential campaign, proves that fact. The gap has decreased as time passes due to the relentless advocacy of feminists, but the wage gap does still exist. Considering

William Isaac Thomas Free Essays

The Thomas Theorem William Isaac Thomas (13 August 1863 – 5 December 1947) was an American sociologist. I decided to write about the W. I Thomas after reading about the other theorist I decided that W. We will write a custom essay sample on William Isaac Thomas or any similar topic only for you Order Now I Thomas theory was much more intriguing and very controversial. W. I Thomas is well known for his quote: â€Å"If men define situations as real, they are real in their consequences. † In 1928, the sociologist W. I. Thomas formulated this statement which later became known as the Thomas Theorem. In other words, the interpretation of a situation causes the action. This interpretation is not objective. Actions are affected by subjective perceptions of situations. Whether there even is an objectively correct interpretation is not important for the purposes of helping guide individuals’ behavior (http://en. wikipedia. org, 2011). The Thomas Theorem in my interpretation means that whatever you think or believe in it will become true. I agree with this theory to a certain extent that this only applies to some things in life and not all. For example if I think that I am going to be a millionaire it will not just come true I would have to do something in order to make my thoughts come true. How we view the world creates real and tangible outcomes in how we feel and what we do. W. I. Thomas (1863–1947) (1966) stated that whatever we believe to be real will become real in its consequences. So if we believe one religious or political group is right, we will act in a way that supports that view, and we may disagree with those who view things differently. We may try to convince them that our view is right (Vessling,2010). Although many people do not agree with the Thomas theory there are many who do. Law enforcement agencies use it to train officers in the handling of the mentally ill, and it’s been used effectively to explain everything from beauty contest outcomes to panic runs on bank deposits(soulshelter. com, Tim, 2008). The Secret, written by Ronda Byrne and As a Man Thinketh, written by James Allen are both self help books and based on this theory. Some say the formulation of the Thomas Theorem is ambiguous. It could mean, â€Å"The consequences of a situation follow from how it is perceived, not the way it really is,† or â€Å"The power to define a situation includes power over its consequences. † It also could simply mean, â€Å"Beliefs have consequences, regardless of whether they are true. † Whether Thomas was referring to self-fulfilling prophecies, or expressing skepticism about the existence of an objective world; depends on how the statement is interpreted (www. ehow. com, 2011). Frank Van Dun criticized the theorem, he goes on to say: â€Å"The consequences of a situation being believed to be true are the same as if it is actually true,† it is false, because one can’t create or negate a reality by wishing for or denying it. If it means, â€Å"The consequences of a situation are real no matter how well it is defined,† it is trivial because that reduces to the aphorism, â€Å"Get real. † Besides the negative feedback from many, W I Thomas was also a pioneer of a psychological approach to social phenomena, and thus can be regarded, together with William Graham Sumner and Wilhelm Wundt, as a forerunner of cultural psychology. His The Polish Peasant was an important landmark in American sociological research. He used biographic data personal letters, autobiographies, diaries, and other personal documents developing the life-history method for which he became famous along with the ideas of George Herbert Mead, Thomas’ concept of the â€Å"definition of the situation† later proved to be an important starting point for the revolution of symbolic interactionism against structural functionalism(http://www. ewworldencyclopedia. org, 2011) In conclusion I am a Christian so I believe in God, I also believe that if I ask God to do something that it will be done. The bible reads in Matthew 7:7 Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you (King James Bible). W. I Thomas theory maybe a little farfetched to some but this is truth to many. Based on my research I can relate more to the Thomas Theorem. References Alden, WH. 2007) William Isaac Thomas Retriev ed from http://www. newworldencyclopedia. org/entry/W. _I. _Thomas Phillips, Colby. (2011). What is the Thomas Theorem of Sociology Retrieved from http://www. ehow. com/info_10068714_thomas-theorem-sociology. html Tim (2010) Understanding the life Through the Thomas Theorem Retrieved fromhttp://www. soulshelter. com/fortune/understanding-the-world-through-the-thomas-theorem-2/ Vissing, Yvonne (2011) An Introduction to Sociology How to cite William Isaac Thomas, Papers