Social Responsibility - 2193 Words

â€Å"The social responsibility can be defined as the obligation of the organization to act in ways that serve both its own interests (making a profit) and the interests of its stakeholder.† (Sandy Millar, Christopher Theunissen, 2008, P69) Socially responsible organization takes action to ensure that their activities do not affect any of the stakeholders in a negative way. The McDonald’s is the leading global foodservice retailer with more than 30,000 local restaurants serving 52 million people in more than 100 countries each day. It is one of the world s most well-known and valuable brands and holds a leading share in the globally branded quick service restaurant segment of the informal eating-out market in virtually. McDonald’s with a high†¦show more content†¦Sport is acknowledged by the junk food manufacturers as an effective means of reaching the crucial youth market. Thus, the organizations go out of their way to learn the needs of the different s takeholder groups. â€Å"Another strategic communication response involves defensive response strategic such as denial, excuse or justification, all of which involve the organization reacting less aggressively to criticism† (Ronald D. Smith, 2004, P104) When an organization has defensive responses, it only does what is legally required. When an issue is raised by the public, the organization usually admits the problem but denies it responsibility. It responses of the organization is often legal but not ethical. Few years ago, people blame McDonald’s food is not that health because they reuse the cooking oil many time for chips fried, fried chicken etc. However, McDonald’s didn’t break any rule and legal required on the cooking oil reused. Thus, management s admission of some errors and taking of only legally required steps to solve social and environmental problems caused by a firm s activities. â€Å"When media attention is high, and organization must take some kind of public announcement, such as finding of internal and external investigations. It must, however, decide on one of two media strategies: whether to be accommodative or defensive. An accommodative approach is one in which apologies are made and intentions of instituting reforms and changes are announced.† (OttoShow MoreRelatedSocial Responsibilities And Social Responsibility1490 Words   |  6 PagesThe ever-growing social demands and the intense competitions between individuals continuously change education institutions’ behavior. This perspective comes from the socio-economic environment. Under this circumstance, more attention has been paid to Social Responsibility (SR) that all organizations need to take for the interests and welfare of the society (Vasilescu et al., 2010). When it comes to Higher Education Institutions (HEI), SR becomes the obligation of universities via responsible actionsRe ad MoreSocial Responsibility And Corporate Responsibility872 Words   |  4 PagesI. INTRODUCTION The concept of social responsibility likely has its roots in the Puritans and Quakers teachings of the 16th and 17th centuries. Puritans characterized humanity negatively, believing humankind to be hopelessly sinful. Quakers held a positive view, believing that of there is God (good) inside everyone. According to Heald [1970], corporate managements began to demonstrate social responsibility by considering community welfare as a whole in their goals to maximize profits and shareholdersRead MoreThe Importance Of Social Responsibility903 Words   |  4 PagesThe Importance of Social Responsibility in Business Social responsibility can be described as the positive influence a business has on the surrounding community. When a company is socially responsible, it means that instead of the main concern being solely on current or future profits; it should focus on creating a positive impact in the society in which it operates. A company’s attitude towards social responsibility can also have a great impact on whether they will thrive as a business or be unsuccessfulRead MoreThe Social Responsibility Of Corporations Essay806 Words   |  4 Pagesimportance of social responsibility within corporations. This paper also explores â€Å"The Social Responsibility of Business is to Increase its Profits† by Milton Friedman and his stance on social responsibility. Friedman believed that corporations should not waste money on new initiatives if it was just to appease the public, especially if it went above what laws required. Examples are shown how corporations must listen to the customer or it could hurt the profitability of the corporation, with social mediaRead MoreThe Social Responsibility Of Business1463 Words   |  6 PagesIn his paper titled The Social Responsibility of Business is to Increase Its Profits†, Milton Friedman addresses the key issue of weighing social responsibility against profit maximization for shareholders. This conflict is the basis for Friedman’s whole paper, as he explores the two sides of the situation. In order to set up his argument, Friedman lays down a framework by explicitly stating a certain premise. This is that businessman view â€Å"social responsibility† and profit as not being mutuallyRead MoreCorporate Social And Social Responsibility1383 Words   |  6 PagesAs the interest in corporate social responsibility has had the ability to keep increasing and developing and the force that is gain by movement, scholars and practitioners have put effort to follow the progress, development and information of compan ies’ performance to accomplish their corporate social responsibilities, characteristically to use a particular name corporate social performance (CSP) to describe it. Such corporate social performance shows people and stakeholders things that importantRead MoreCorporate Social Responsibility : Corporate Responsibility773 Words   |  4 PagesCorporate social responsibility may also be referred to as corporate citizenship and can involve spending finances that do not directly benefit the company but rather advocate positive social and environmental change. The soul in the next economy forum presentation made it evident that achieving corporate social responsibly in a company can reap major benefits in terms of finances, more inspiring workplace and customer satisfaction. In the past, companies mistakenly thought that corporate social responsibilityRead MoreCorporate Social Responsibility : Ethical Responsibility1529 Words   |  7 PagesCorporate Social Responsibility: Should we, or should we not. Corporate Social Responsibility (C.S.R.) is a theory practiced in the business sphere since fifty years. It refers to the duty of business organizations to adopt certain activities that will benefit the society in some way. Charity, health-awareness campaigns are few examples that a business undertakes to fulfil its objectives of C.S.R. According to this ideal, it is important for various corporations today to undertake such social activitiesRead MoreWhat is Social Responsibility?931 Words   |  4 Pages Social responsibility is an ethical ideology or theory by an organization or individual, has an obligation to act to benefit society at large. Social responsibility is a duty every individual or organization has to perform so as to maintain a balance between the economy and the ecosystem. A trade-off always exists between economic development, in the material sense, and the welfare of the society and environment. Social responsibility means sustaining the equilibrium between the two. It pertainsRead MoreIntels Social Responsibility1652 Words   |  7 PagesSocial Responsibility in Intel International Business 1. Problem Definition Intel is a worldwide famous company, which was founded in 1968 by Gordon Moore and Bob Noyce. From the earliest period constant leader and driving force of the company was Andrew Grove with demanding confrontational management style. This strict management has led Intel to the global corporation with branches in more than 40 countries and staff of 83  500 employees in 2008. Annual Total Revenue has reached $35 127 billion