The Concept of Corporate Social Responsibility free essay sample

What are the arguments for and against the concept of corporate social responsibility? Where do you stand, and why? An argument for corporate social responsibility is that many think they should assume the role because it states they they are thinking of the people and how they are creating a win/win situation. Those that are against are purely looking at the bottom margin and look no further or care. For me I am all for it. It states that they do care about were they do business, how they effect others, and how it may effect the environment if it does at all. Do your opinions match those of your organization? No! This company I work for can do better in regards to thinking of the environment in my opinion. They are more concerned about profit margin or sustaining it. I do think they do some charity stuff butt I never hear about it or for wich charity. We will write a custom essay sample on The Concept of Corporate Social Responsibility or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Give your opinions, specifically, with respect to discussions of American tobacco companies, the current bail out of Wall Street and your organization. My opinion on the subject of American tobacco is first that I do not smoke nor do I agree with the companies. Research has shown the pros ( almost none) in my opinion and the cons to it. But, It is the peoples decision / choice that keeps the companies in business. As long as they have consumers they will continue to tax and have a business. Do they show their concerns to what is being effected and the trickle down effect to kids. I do not see any. As far as the bail out of Wall Street†¦wish I had the money to try it. But these are very well educated people that guesed wrong or their equation was smuged. If I new I could be bailed out from a money situation I would do it again. So what’s not to say that this will occur again. A Call to All Enlightened CapitalistsThe free market ideology is dead. Those that have espoused that the market is efficient enough to be left alone without any conscience, regulation or transparency (they say all the important information is available) cringe at the thought of the government bailing out business. A ten-page Tobacco Institute document from 1982 titled The Development of Tobacco Industry Strategy indicates that the tobacco industrys early corporate social responsibility programs were developed as part of an overall strategy to address eroding tobacco industry power and credibility. The industry was facing multiple challenges in areas of health, taxes, ingredients, product labeling, advertising, product specifications and import-export. For the first time, industry adversaries were becoming more organized and unified. The industry found formerly firmly committed supporters diminishing in federal and state legislative bodies the playing field was being defined and drawn too often by our adversaries. To address these challenges, the Institute proposed that the industry become more involved in public service and social affairs as a way To receive broad recognition for responsible public service, i. . to offset the notion that we place profitability above public welfare. The potential positive outcomes of adopting programs of this nature, wrote the Institute, may be increased goodwill andi reputation of the tobacco industry; strengthening of social and economic systems in which the industry operates; the ability to affect the problem areas that most concern the to bacco industry and simultaneously obtain tax benefits; a more sophisticatedunderstanding by government regulators of the needs/behaviors of industry. For example, a program to discourage teens from smoking (an adult decision) might prevent or delay further regulation of the tobacco industry. The paper further states the expectation of a return on their investment in such programs.