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The Role Of Corporations Essay

1057 words - 5 pages

The Role of Corporations
SOC 120: Introduction to Ethics and Social Responsibility
December 1, 2008

The Role of Corporations

The recent financial crises on Wall Street command a need for higher ethical standard in business. The behavior displayed by corporate heads has caused society, as well as other business to doubt the ability of these corporations to do the right thing. Because of the day-to-day demand of organizational performance not much attention is made to address unethical corporate behavior. Although current events in the business world have drawn our attention to the wrong doings, it there was more focus the process by which corporations meet the challenges of ...view middle of the document...

However, it has been determined that there is no appropriate definition of corporate social responsibility. Focus was place on issues that were considered to be social responsibility commitment but it was later determined that social responsibility was based on continuous function of the business (Adam & Shavit, 2008).
It has been argued that although businesses are responsible for producing goods and services for a profit, as a contribution to society, they should also participate in the community and larger environments.
During the 1970’s social responsibility in the United States progressed to a concept based on strategic and managerial orientation. This concept was introduced as corporate social responsiveness. Corporate social responsiveness is the ability to use the mechanisms, procedures, arrangements, and behavioral patterns within the organizational structure to strategically manage values in the corporate decision making process (Adam & Shavit, 2008). This process mandates identifying, negotiating, and handling potential claims upon business organization.
In the corporate world there is a process known as the corporate social policy process. This process utilizes key elements of business ethics, corporate social responsibility, and corporate social responsiveness to stimulate how managerial staff ethically investigate and take action in socially ethical cases (Adam & Shavit, 2008).

When determining the appropriateness of corporate actions, eight interrelated, analytical elements which outline the corporate social policy are used. These elements are a relationship by corporate officials with person’s affected by the policies and practices;
issues that require long-term rather than immediate solutions; problems (issues) requiring immediate attention; criteria used consciously or unconsciously to evaluate individual or organizational actions; goals which the organization wishes to achieve in dealing with issues and the likely affect of its actions; decisional process by which information is gathered, goals established, criteria for evaluating practices and policies, and choices made to solve issues; implementation of the means in which decisions are carried out; and evaluation of what was achieved (Adam & Shavit, 2008).
The failure to perform ethically poses problems for corporations which may affect their ability to progress economically as well as strategically. Appropriate action needs to be taken in...

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