Essay on social responsibility

Essay on social responsibility

The audits essay on social responsibility be very important in ensuring that the workers are in a reasonably protected and healthy environment. Haanaes, Knut, et al. htm Applebaum, B. Corporations are forced to developing standards, essay on social responsibility, policies and behaviors as a demonstration of their sensitivity to concerns of stakeholder. It is the world's largest corporation in the automotive industry with respect to unit sales. Therefore, the theories and models discussed and used include those related to organizational learning and change. The determining factors of what allows one corporate entity to achieve specific aims within its philanthropic organization are what the study seeks to identify.

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I suppose their method is fascinating however I feel that a big firm like Apple can do far more for the local communities and country as a whole. Apples stance on empowering their staff is an excellent factor. I think extra firms need to acknowledge that a cheerful workforce makes for an total higher employee and customer experience. Apple Inc. employs staff all round the world and is dedicated to treating staff with respect and dignity. The firm supplies educational resources for all of their workers giving them the chance to earn an undergraduate degree. Apple has very high standards and expectations essay on social responsibility the industry. They present their workers essay on social responsibility the appropriate tools necessary to meet the high bar set forth; communicate and preserve a protected and respectable office.

Training on the Apples Code of Conduct is necessary for all new and existing employees. Apple only does enterprise with corporations that uphold the highest dedication to Human Rights. Improving well being and security is important and all employees obtain the appropriate schooling on the subject. All apple suppliers must work essay on social responsibility of apple to reduce their environmental influence and use numerous strategies to establish dangers. Apple believes in accountability for themselves and suppliers and has strengthened their code of conduct to fulfill the responsibility standards.

In my opinion Apple has not quite met their Social Responsibility requirements, and can do extra. Essay on social responsibility the NY Post reported that Apple was trying to get rid of the status as stingiest company. But giving back has never been an instantaneous priority of Apple as Steve Jobs said, essay on social responsibility. Not to say all of the adverse publicity Apple has obtained in reference to the working conditions of their overseas warehouses. In Julyan worker on the Foxconn warehouse that makes iPad dedicated suicide essay on social responsibility his home was raided; he was badly overwhelmed and humiliated over a missing iPhone.

In a report released in early by the Guardian there have been numerous suicides from Foxconn-Apple facilities in China. It is claimed that the tragic suicides were a results of the staff being overworked and deplorable working circumstances. Inworkers were poisoned by n-hexane use at one of the Apple- Wintek LCD vegetation in East China. N-Hexane is a narcotic that attacks the nervous system when exposed to it. This poison was used for drying touchscreens in order to speed up manufacturing to fill bigger orders obtained by the factory. Most of the employees impacted have been forced to resign and absolve Wintek of all future duty.

It is rumored that Apple and Wintek have been very gradual to react to the incidents. Apples reputation has positively taken a success from the negative publicity surrounding their abroad suppliers. In an effort to clean all of this up Apple has vowed to get rid of youngster labor and excessive work hours throughout the entire provide chain. They want to make positive that the supplier code of conduct is being enforced and practiced at all times. Foxconn has taken steps to prevent future suicide attempts by installing preventative suicide nets around their buildings, offering counselling and requiring employees to signal a no-suicide settlement previous to employment. Apple has also prohibited the utilization of n-hexane and states that the product is not in use at any facility associated with the company.

In China Watch reported- after investigating the working circumstances of 10 of Apple-Foxconn essay on social responsibility. According to epi. In early the Fair Labor Association FLA conducted a month lengthy investigation and uncovered vital issues at three Foxconn services in China. Among the issues found were -excessive extra time, issues being compensated for extra time, essay on social responsibility, extreme communication gaps which led to unsafe working circumstances amongst the workers and an overall unhealthy deplorable surroundings.

Communication is an absolute necessity in large warehouses, and every incident must be documented. The audits can be very important in ensuring that the workers are in a reasonably protected and healthy environment. wants substantial enchancment in the realm of transparency and secrecy so as to remove labor rights abuses by its suppliers. The company must be more forthcoming and discontinue the secretive practices that forestall the basic public from observing working conditions and business practices within its suppliers. Apple has a really loyal customer base despite the despicable acts the corporate has been associated with throughout the years. In my opinion, most of their customers are working class and know how essay on social responsibility it is to be reasonably compensated for their work.

That is how much Apple made from 1 household in a matter of a year, essay on social responsibility. This is a company that has prospects waiting in line for days to purchase new revolutionary products whatever the worth. Apple is understood for making a better profit by paying overseas corporations subsequent to nothing for manufacturing. As I previously acknowledged Apple customers are very loyal. I imagine the shoppers would pay more for products if the prices increased. They definitely stay as much as the popularity of providing new know-how and progressive top of the road products, essay on social responsibility. Anytime a new IPhone is released prospects wait in line for days leading up to just to get the latest and biggest. Online orders undergo the roof and the waiting lists get fairly lengthy.

So clearly Apple is doing something right to market their products to customers. According to Forbes magazine Apple is such a great marketer that they gained the CMO Survey Award for Marketing Excellence and has been the co-winner for 5 consecutive years. The original three factors are Empathy, Focus and Impute and are considered when implementing present market methods. Apple is thought to have high of the line merchandise and technicians to match, essay on social responsibility. Their employees are very knowledgeable and keen to assist in giving their clients the best experience possible. That will take any firm a very good distance as customer satisfaction and expertise is important to the success of any enterprise.

On paper Apple looks nice, but in order to improve its aggressive advantage in the world marketplace a couple of recommendations must be made. The Apple logo is among the most acknowledged, respected and trusted names in the world today. Apple has already established aggressive benefit in the world marketplace around setting up a prime of the line, small and revolutionary product line, essay on social responsibility. I really feel like they want to continue to place time and resources into capitalizing on the benefit and enhancing the popularity of the Apple model. Things appear to be going nice for Apple, however achieving an ongoing aggressive advantage requires fixed monitoring of the organizations competitive landscape.

Supplier Responsibility Standards. China Labor Watch, essay on social responsibility. Christine Moorman, Forbes. Why is Apple a Great Marketer. Connie Guglielmo, Forbes. Dunstan Pria, Fox. Fair Labor Association. Scott Nova, Isaac Shapiro, essay on social responsibility, EPI. Polishing Apple Fair Labor Association offers Foxconn and Apple undue credit for labor rights progress. apples ethics responsibility social. Free Essays Essay Topics Search Search for: Search. You are here: Home Free essay Apples Ethics and Social Responsibility. More Free Essay: Adidas: Ethics and Social Responsibility Business Ethics and Corporate Social Responsibility Apple Corporation: Ethical and Social Responsibility Apple Corporation: Ethical and Social Responsibility Critical analysis of marketing ethics- corporate social responsibility Corporate Responsibility and Marketing Strategies Ethics and Corporate Responsibility in the Workplace and the World Corporate Responsibility and Marketing Strategies Ethics and Corporate Responsibility in the Workplace and the World The Ethics of Accounting and Finance: Trust, Responsibility, and Control Social responsibility Corporate Responsibility and Marketing Strategies The Responsibility Project: Ethics Game Dilemmas Corporate social responsibility.

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Social responsibility is a modern philosophy that states that all individuals and organizations are obligated to help the community at large. This is typically an active effort involving acting against a social issue or prevention of committing harmful acts to the environment. Many companies and individuals engage in social responsibility because of its benefits on their immediate community as well as their business and profitability. It is an ongoing topic in society with many questions available for discussion. Social responsibility is an ideal topic for debate; there have been mixed results for companies and individuals who have pursued social responsibility. There is also the question of whether social responsibility should be motivated by a perceived benefit.

This type of essay is based on philosophical theories on the necessity of social responsibility backed up with facts about previous social responsibility efforts. For example, an essay could be about how giving support to disaster victims can significantly boost an entity's professional image. Social responsibility is a broad field of study; there are numerous factors to analyze in determining which mix of factors will have the highest chance of a successful social responsibility effort. The paper subject is matched with the writers area of specialization. You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper.

The client can upload extra material and include additional instructions from the lecturer. The paper is uploaded to your personal account and sent to your email. You also get a plagiarism report attached to your paper. Our essay writers are graduates with diplomas, bachelor's, masters, Ph. The minimum requirement to be an essay writer with our essay writing service is to have a college diploma. When assigning your order, we match the paper subject with the area of specialization of the writer. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.

Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. Receive a paper. The paper is sent to your email and uploaded to your personal account. PLACE THIS ORDER OR A SIMILAR ORDER WITH ESSAY BLENDER TODAY AND GET AN AMAZING DISCOUNT. YOUR WRITER IS WORKING ON YOUR CUSTOM PAPERS. Navigation Main menu Home Our Services Our Writers Our Guarantees Samples Reviews Order. Don't use plagiarized sources. Sniderman, S. Washington Post. CSR Corporate Social Responsibility Corporate Social Responsibility CSR has recently reached an unprecedented level of salience with the emergence of global protests that seem to be driven in a large part by concerns over social issues such as equality as wells as environmental issues such as the regulation of greenhouse gas emissions.

Although the protestors are occupying various parts of the world for a plethora of mixed motivations, it is reasonable to speculate that much of these individual motivations are embodied in the concept of CSR. The concept of CSR covers a lot of ground but there are two core principles that account for most of the commentary. The first concept embodied within the notion of CSR is in respect to the manner that people are treated. Under classical models this would only include investors, customers, and internal employees.

However the CSR approach includes all stakeholders locally, regionally, or even…. Works Cited Drucker, P. Friedman, M. Hui, L. Peloza, J. And L. Ethics, Values, Social esponsibility Bailout of Banking Industry in United States Ethical Compliance by Banking Industry It is quite common in American history that government comes for the rescue of companies and organization in the time of financial crisis. General motors' acquisition was one such example where saving GM meant saving the nation. When Government takes measure for the welfare of any segment of the economy, it then becomes responsibility of the organizations that they comply with social responsibility and ethical standards so that it should respond to its social character and use the benefits provided by the government in the honest fashion.

The recent bailout of banking sector by U. government, and the misappropriation and misuse of these funds, have raised a big question mark on the compliance to ethical standards by the bank. United States government has a long history of bailing out its financial institutions. Some of…. References Amadeo, K. What Exactly Was the Bank Bailout Bill? htm Applebaum, B. Financial Rescue I. Says Banks Funneled TARP Aid to Various Expenses, The Washington Post, Retrieved from. Apple's Current Position On Its Ethical And Social esponsibilities Corporations are increasingly seeking a vision in maintaining social responsibility alongside a vision in business.

There are also demands for greater accountability and transparency in corporate actions of organized consumers, state representatives and grass movements Garsten, Many corporations aim to engage in corporate citizenship and to be socially responsible by adhering to social accountability standards and voluntary codes of conduct. This essay endeavors to examine Apple's current position on the social and ethical responsibilities and to determine whether it has met the responsibilities. The study also determines the impact caused by the violation of ethics and social responsibilities among Apple's suppliers. Current Position on the Company's Ethical and Social esponsibilities Corporate Social esponsibility comprises of actions that are not required by the law, but extend beyond the transactional interest of companies and further social good.

CS is often used to…. References Creel, T. Environmental Reporting Practices of the Largest U. Management Accounting Quarterly 12 10 : Garsten, C. The cosmopolitan organization -- an essay on corporate accountability. Global Networks 3 3 -- Kenney, M. How venture capital became a component of the U. National System of Innovation. Industrial and Corporate Change, 20 6 : -- Northrop, E. The Accuracy, Market Ethic, and Individual Morality Surrounding the Profit Maximization Assumption. American Economist, Vol. Balanced Business Ethics Ethics and Social esponsibility in Strategic Planning Business ethics may be much easier to understand in the hypothetical world of academia than they are to apply on behalf of business organizations in the real world of business.

That is particularly true when doing the proverbial "right thing" comes at substantial financial costs to the organization. On one hand, the needs and agendas of shareholders and other stakeholders in the business of the organization are among the most important considerations in business planning. On the other hand, some of the decisions that are in the best interests of shareholders and other stakeholders in the business of the organization necessarily come at the expense or at great risk in other respects of other entities. Strategic planners have fiduciary and due diligence and other responsibilities to maximize profit and to benefit the organization in other ways. Meanwhile, those responsibilities frequently…. References Foley, V.

Likewise, public policies ranging from immigration to the war on drugs and the de-institutionalization of persons with mental illness also have a substantial impact on local corrections Stinchcomb and McCampbell, The key to running a successful correctional institution is building an organization that is capable of good strategy execution. These types of facilities have a social responsibility not only to the prisoners that they house but also to the community in which they are located. They way in which they can do this is to make sure that the employees within the facility are prepared to deal with they things that are going to go on within the facility walls. The overall goal of a correctional facility is to rehabilitate inmates into socially responsible citizens that can be returned to society in order to be productive members.

The occurrence of doing jail time can be life changing for those…. References Corporate Social Responsibility. Prison Enterprise Financial Management Innovation in the Context of China's Prison System Reform. Retrieved July 28, , from Web site:. Additionally, it has been observed that whenever companies implement strategies of CS, they do this not out of individual choice and desire, but as a result of imposed legislations. Such rules, because they often apply to all businesses, are not susceptible to easy evasion through choice of form. As a result, those charged with governing a corporation find their decision tree considerably trimmed and their discretion decidedly diminished by mandatory legal rules enacted in the name of protecting stakeholders" Winkler, In other words, the modern day evolutions of corporate social responsibility "caution against a rush to declare the ultimate triumph of shareholder primacy" Winkler, As a direct result of this changing legislation, more companies have commenced corporate social responsibility programs.

References: Akerstrom, a. practice in the corporate social responsibility movement, Journal of Corporation Law, Vol. This kind of competition can prove to be more effective than governmental regulations since firms are reluctant to follow government mandates. Methodology: Secondary research has been used as the main tool. Important journal articles, case studies and analyses have been included to understand the concept of CS and its use in gain competitive advantage. According to this belief, firms seek to maximize their profits by investing in a healthy environment and other public good projects. The firms that have successfully attained the prestigious image of being socially responsible follow this ideology.

These firms choose to be more socially conscious not because of any real intention of creating a healthier society but because their actions seem to influence buyer behavior in a positive manner. Companies are thus rapidly developing serious CS policies with exclusive departments dealing with this. References Miller, H. The Good Company. Braungart, M; McDonough, W. Cradle to Cradle. New York: North Point Press, Aaronson, S; Reeves, J. Corporate Responsibility in the Global Village: The Role of Public Policy. Washington, DC: National Policy Association, Corporate Social esponsibility I attaching assignment paper write essay CS. Given the heightened level of international operations and globalization, pressure is mounting for corporations to behave ethically.

Corporations are forced to developing standards, policies and behaviors as a demonstration of their sensitivity to concerns of stakeholder. The policies behaviors and standards are what a European commission called corporate social responsibilities. The Commission defined corporate social responsibility CS as "a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis" Commission, Complementing this definition, McWilliams and Siegel. Composition Corporate Social esponsibility Corporate social responsibility entails coming up with solutions specific to a society.

The corporation is however, not forcefully charged with an…. References Balmer, John M. An International Journal,, 4, Balmer, J. Corporate Identity, Corporate Branding and corporate marketing European Journal of Marketing 34 4 , Buckley, P. Globalisation, Economic Geography and the Strategy of Multinational Enterprises. Journal of International Business Studies, 35 2 , Commission, E. Promoting a European Framework for Corporate Social Responsibility. AES Vision Social esponsibility AES's vision social responsibility Social responsibility is one of the corporate values at AES others being fun, fairness and integrity.

The founders of the company oger Sant and Dennis W. Bakke were intent on providing clean, safe and reliable electricity even if it meant that profits were sacrificed. It was identified that AES contributed towards global warming by emitting CO2 from fossil fueled plants and thus steps were taken to mitigate this impact by investment in control technology and funding projects such as those of planting trees. However in recent times AES has been forced to reconsider its strategy for social responsibility. With the expansion of the business in developing countries in the 's the company found out that although global warming is an important issues there are issues of far greater significance that require immediate attention such as provision of quality education, hunger, poverty,….

References: "A power producer is intent on giving power to its people," Wall Street Journal, July 3, , p. pg 4 AES Social Responsibility, Sharon Belanger, The AES Corporation, October 20, pg 1 Dennis W. Public elations Corporate social responsibility The term 'Corporate Social esponsibility' refers to the social responsibility that a Company must honor towards the public, especially those people who have direct contact with and are therefore directly affected by the policies and actions of the company. The feeling that the social responsibility of multi-national companies are not of such standards that would satisfy the general public has lead to widespread protests and demonstrations against these companies at almost every free-trade meeting at the regional and national as well as the multi-national levels.

The protests are also generally against worldwide globalization. Almost all major multinational companies are found lacking in their responsibilities towards the public. It is not at all sufficient for a company to satisfy its shareholders and investors and employees and the community in which they function from; in fact, these companies are expected to be aware of and take an…. References CEO's Message" HP Standards of Business Conduct. Accessed on 7 September, Corporate Social Responsibility" Accessed on 7 September, Danng, Lyng. Both proposals were consequently amended and eventually accepted by the SEC. The audit committee makes sure that the books aren't being cooked and that shareholders are properly informed of the financial status of the firm.

Characteristically, the audit committee advocates the CPA firm that will audit the company's books, appraises the activities of the company's independent accountants and internal auditors, and reviews the company's internal control systems and its accounting and financial reporting requirements and practices. The compensation committee usually does the following: 1 recommends the selection of the CEO, 2 reviews and approves the appointment of officers who report directly to the CEO, 3 reviews and approves the compensation of the CEO and the managers reporting to the CEO, and 4 administers the stock compensation and other incentive plans. The suggested committee establishes experience for potential directors Lunnie, ; pg.

It also puts collectively a list of candidates…. Roy, In these cases, others working in those fields are the only ones who have the ability to conduct quality check to verify instances of possible fraud. Qualified doctors can analyze the work of other doctors to attest their medical malpractice. An honest lawyer who deals with related issues can understand how a fellow lawyer could have used deceitful methods to cheat a client off his money. Proficient lecturers can set good examples for students to bring out the incompetency of others. In the managerial level, well qualified professionals are the only ones who are smart enough to figure out the plots hatched by higher executives in order to use the shareholder money for personal needs.

Scams in the political sector can only be challenged by opposing political parties or powerful entities like the court. The media is highly potent in this regard as they present malpractices in front…. Bibliography Description of Corporate Governance [online] Available at: [Accessed 11 August ] Corporate Social Responsibility CSR [online] Available at: [Accessed 11 August ] Blundell M. Governmental CS policies do not only assist consumers or organizations, they assist both the consumer and the organization The Impact of Government egulations on Corporate Social esponsibility - How Government Policies Shape CS, It is often said that international environmental laws do not differ from one another.

European environmental regulations are very similar to the U. environmental laws. The United States Environmental Protection Agency has set up a database that contains all of the contaminated lands in the U. This database includes existing and formerly contaminated lands. The European Union, especially France has also put into place databases to track existing and formerly contaminated lands within France. These efforts are there to protect the public from coming into contact with contaminated lands. International governmental environmental policies do not differ from one another in the fact that they all seek to protect the public and the organizations The Impact of….

References Emani, Gazelle. BP Oil Spill: 7 Secrets BP Doesn't Want You to Know. html Freeland, Chrystia. What's BP's social responsibility? Retrieved July 19, , from The. Since this study was published, the contributions have steadily increased making CS an integral part of every major company today. A report by Price Water Cooper House in shows that the CS initiatives and reporting has increased despite the sagging economy and this points to a positive change in the mindset of the management of companies. The reduced role of the Government in business circles is only going to further increase this trend because companies feel they have an obligation to the society at large and they want to make this country a better place for living.

All this is done out of their own interest and initiative rather than any force by any external institution. Also, many companies understand the significance…. References Associated Press. State and Local Budget Cuts are slowing the U. Fox News. Political Conditions. United States Country Review. Kotler, Philip; Lee, Nancy. Corporate Social Responsibility: Doing the most good for your company and your cause. New York: John Wiley and Sons. BSD Global. International Institute for Sustainable Development. aspx [Accessed 27 March ].

Pizza Hut has also managed to open franchise stores across Iraq and they could also pose serious competition. But there also exists the chance that the Iraqi consumer will not make a major difference between the American fast food stores, but will compare them to the local food providers in the street. This would also bring about serious competition. McDonald's Social esponsibility McDonald's corporate website presents the user with a wide variety of reports on their implemented social responsibility practices. These include the employment practices, relationships with the suppliers, animal and environment welfare, corporate giving or educational programs and scholarships as well as the promotion of a healthy life style or the continual support offered to the development of the communities where McDonald's operates.

The primary aim of these programs is to help the company better adapt and function in accordance to the changes affecting the micro and macro…. References Docena, H. ights vs. Social esponsibility social conflict The very nature of business implies that the individual has the right to run a business in order to generate as profit. This aspect is aligned with the democratic ideal of personal and individual freedom. The emphasis in business is therefore on individual motivation and the freedom to achieve success in that particular field of business. However, modern business ethics also require a degree of social responsibility on the part of the individual. This means that the individual in the pursuit of his rights should not infringe or transgress the rights of the society or the community in which he or she functions and runs a business.

Individual rights refer to the liberties of each individual to pursue life and goals without interference from other individuals or the government. Examples of individual rights include the right to life, liberty and the pursuit of happiness…. References Barnea A. And Amir R. Corporate Social Responsibility as a Conflict between Shareholders. pdf Bennet J. Multinational Corporations, Social Responsibility and Conflict. Journal of International Affairs, 55 2. Organization Corporate Social esponsibility CS refers to the relationship between a business and the society and how can both can benefit mutually through a joint partnership. Caroll suggests four different aspects to be a part of CS and they are economic, legal, ethical and philanthropic. The economic aspect is the basis on which the business is built while legal responsibilities are encoded in law.

Ethical responsibilities include doing what is right and just and above everything, philanthropic responsibilities include being a good corporate citizen and doing something good to the society and environment that has nurtured the business. In this discussion, the CS activities of two companies in the same sector are analyzed. A close analysis reveals…. References Brown, D. Dillard and R. Caroll, Archie. The Pyramid of Corporate Social Responsibility: Toward the Moral Management of Organizational Stakeholders. Business Horizons. pdf Shoebridge, Neil. A Quiet Beer. Antonia Magee. Employees as Benefactors of Corporate Philanthropy Corporate Social esponsibility The Case for Employees as Benefactors of Corporate Philanthropy The Case for Employees as Benefactors of Corporate Philanthropy A United Auto Workers unionization vote recently made the news, in part because the vote was taking place in the Southeastern United States where conservative state legislators have historically treated organized labor with hostility, but what seemed to be most newsworthy about this event was that the corporation, Volkswagen, decided to take a neutral position Paresh, The vote took place last week and workers at the Chattanooga, Tennessee plant decided to reject union membership by a narrow margin.

The national news media also took note when several conservative Tennessee politicians remained true to their anti-union ideology by threatening to end subsidies for Volkswagen and to push production of a new vehicle to Mexico. Experts in labor law believed these threats were coercive…. References " Corporate Responsibility Report. Retrieved 22 Feb. Barnett, M. Stakeholder influence capacity and the variability of financial returns to corporate social responsibility. Academy of Management Review, 32 3 , Dennis, W. Wages, health insurance and pension plans: The relationship between employee compensation and small business owner income.

Small Business Economics, 15 4 , Fassin, Y. Small-business owner-managers' perceptions of business ethics and CSR-related concepts. Journal of Business Ethics, 98, The Role of Interactive Social Media in Corporate Social Responsibility Communications 1. Summary One of the most significant new marketing platforms to emerge in recent years has been social media in general and more recently, interactive social media. The overarching focus of the proposed study concerns the role of interactive social media in corporate social responsibility CSR communications. This specific focus has assumed new importance and relevance as growing numbers of…. Islamic economics extends these into the basics of investment for new venture creation, which is another aspect of Islamic accounting that specifically has been focused on from an economic growth perspective Choudhury, , eferences Guido Berens, Cees BM van iel, Johan van ekom.

The CS-Quality Trade-Off: When can Corporate Social esponsibility and Corporate Ability Compensate Each Other? Journal of Business Ethics 74, no. com Accessed January 24, Masudul Alam Choudhury Islamic venture capital - a critical examination. Journal of Economic Studies 28, no. com Accessed January 12, Islamic macroeconomics? International Journal of Social Economics 33, no. com Accessed January 14, Marios Katsioloudes, Tor Brodtkorb. Corporate Social esponsibility: An Exploratory Study in the United Arab Emirates. Advanced Management Journal 72, no. com Accessed…. References Guido Berens, Cees BM van Riel, Johan van Rekom. The CSR-Quality Trade-Off: When can Corporate Social Responsibility and Corporate Ability Compensate Each Other? This strategy was successful for some time but when WorldCom tried to acquire MCI a company with two times more revenues than WorldCom , the binge of acquisitions was ended due to objections from antitrust and other stakeholders.

WorldCom's strategy was to display revenues and profits in extremely positive basket; for which the company had to make false misstatements in their accounting records. I think, it was the social and ethical responsibility of WorldCom to avoid misinterpretations in their financial statements and to show clear picture of the company to its stakeholders. This strategy resulted in expansion of WorldCom through acquisitions and the expansion became so huge that the management of WorldCom was unable to handle the business. These all were the fruits of strategies implemented by Ebber just to display a very sound and positive picture…. References Besser, T.

And Miller, N. Is the good corporation dead? Journal of Socio-Economics, 30 3. Crawford, K. Ex-WorldCom CEO Ebbers guilty: Faces up to 85 years in prison after being convicted on all nine counts in accounting fraud. The failure of good intentions: The WorldCom fraud and the collapse of American telecommunications after deregulation. Yale Journal on Regulation, 20 2 , Corporate Social esponsibility The purpose of this case study is close synopsis of the Enron case and its impact on consumers and corporate business practices alike. Prior to its collapse Enron had been named one of America's top 10 admired corporations, and its boards "was acclaimed one of the U. Enron collapsed however and went bankrupt, a process that "outraged and impacted stakeholders tremendously and resulted in numerous congressional investigations" eed, The "implosion" of the company "wreaked havoc on accounting like no other case in American history; the collapse of the system called into question the adequacy of U.

disclosure practices and the integrity of independent audit processes" Thomas, Overview of the Case In October of Enron executives announced they were taking…. References: Berlau, John; Spun, Brandon. Boom in business ethics courses is likely in the wake of the Enron scandal, but critics say these classes need to focus on moral rather than political corrected ness. htm Hoops, J. Ethics and Social esponsibility General Motors General Motors commonly known as GM is an American multinational automobile manufacturer. It is the world's largest corporation in the automotive industry with respect to unit sales.

GM is headquartered in Michigan, United States and operates with fully-owned subsidiaries as well as joint ventures in countries of the world. The manufacturing units are being operated in 31 countries. It employs more than , people who work in its different operational areas in all six operating regions of the world.