The Ford Motor company gained greater benefits as an organization than the

The ford motor company gained greater benefits as an

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plan to forego the payment of dividends by the company. The Ford Motor company gained greater benefits as an organization than the society and other stakeholders. Indeed, Ford Motor Company and its employees have made it a better world since the company won awards for its commitment to sustainability. From this incidence of the Ford Motor company support can be given to the statement of the debate that corporate social responsibility provides greater benefits to the organization than the society and other stakeholders (Bejou, P.3, 2011). On the other hand, corporate social responsibility gets concerned with the way in which an organization exceeds the minimum obligations to the stakeholders specified through regulation
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CORPORATE SOCIAL RESPONSIBILITY 7 and corporate governance. It can also be viewed as the commitment of the business to contribute to sustainable economic development and in the process working with employees, the local community and society at large in order to improve their quality of life. Corporate social responsibility gets involved in the process of integrating social and environmental concern into their operations and their interaction with the stakeholders which are over and above the legal responsibility of an organization. This has always encouraged a culture of compliance to, all entities, and corporate social responsibility activities exceed a corporation’s legal responsibilities. This provides a reason to oppose the statement in the debate that corporate social responsibility provides greater benefits to the organization than the society and other stakeholders (Bennerjee, P.64, 2008). Corporate social responsibility identifies the main obligation of corporations in their current form is to their shareholders. The shareholders are among the stakeholders in any organization and greatly benefit. It can also be said that at the organizational level the role of public responsibility gets based on a firm taking responsibility for its business. Individually, the principle of managerial discretion focuses on the morality and ethics of individual managers. This will show a great benefit to the society and other stakeholders. For example, the Friedman camp show corporate social responsibility outside the shareholder value framework and still the fact remains that corporate social responsibility gets publicly espoused by most corporations in the world. This gives a great benefit to the society, and hence I do gain confidence to oppose the statement in this debate that corporate social responsibility provides greater benefits to the organization than the society and other stakeholders (Cosans, P.394, 2009). Corporate social responsibility can be seen to establish a stronger link concerning the shareholders in an organization. The stakeholders in an organization can influence the financial
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CORPORATE SOCIAL RESPONSIBILITY 8 or competitive position of the firm. With this consideration, corporate social responsibility gets concerned with a product or service strategy designed to sustain a competitive advantage.
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  • Spring '16
  • Business Ethics, Corporate social responsibility, Vice President, Corporate Affairs and Social

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