Corporate social responsibility (CSR) is the concern businesses have for the wel
ID: 387701 • Letter: C
Question
Corporate social responsibility (CSR) is the concern businesses have for the welfare of society, not just for their owners. CSR goes well beyond being ethical. It is based on a commitment to integrity, fairness, and respect. There are opposing viewpoints concerning corporate social responsibility and as a scholar, it is important to be aware and knowledgeable of these perspectives.
Address the questions below:
1. Research Milton Friedman’s and Archie Carroll’s perspective on corporate social responsibility.
Which viewpoint to do you align with the most and why?
2. How does Warby Parker engage in corporate social responsibility?
Is Warby Parker a good example of corporate social responsibility? Why or why not?
What dimensions stand out in measuring the company’s social performance?
Explanation / Answer
According to friedman, who acts responsibility by cutting the price of a firm's overall production to prevention inflation or making extensive expenditures for reduction of pollution or hiring hard working employees as well as a spending all the shareholders money for social interest is considered as social responsibility for an organisation.
What are the activities of the organisation should streamline with the standards of society for better implementation of such specific strategies where availability of engagement through financial activities of the organisation directly aligns with the standard of its operational capabilities without any deception or fraud.
What are the most important parts of this explanation of theory is that each and every shareholder in the specific organisation is encouraged to be more than economic as well as to create as less harm to the environment as possible. Burden of the social cost as well as decreasing efficiency of the system should be determined on the total expenditures over its social availability rather than focusing on creating betterment of the organisation by diminished impact of social responsibility.
Archie carroll proposed that each and every manager of business organisations are totally related to 4 responsibilities : Economic, legal, ethical and discretionary.
The most important part of his theory is about being responsible for the society through the responsibility of business organisation management for production of goods and services that create value to the society in a form of repay from its creditors and shareholders.
Above view points are what is type of information that is required to proper implementation of Corporate Social Responsibility as they directly increase the quality of the social understanding of an organisation and provides positive support to their overall operational structure. This type of approach helps them to maintain high quality standard in Operation as well as to provide better support and availability of opportunities in the specific operating environment.
Warby Parker implemented the idea of creating high quality products at a very low price. This is specific type of implementation increased adaptability of culture where Prophet generation directly aligns with the standard social responsibility of the company. Company has successfully increase their business in Africa by providing extensive support to the Eye Care industry and help people to grow prominently in the specific marketing segment. Their availability of social opportunities has increased their overall implementation of processes for providing unethical support to the society with the help of delivering very low cost products made with very high quality specially helping the societies in need as well as improving the brand identity by a huge margin.