Corporate Responsibility

What is Corporate Social Responsibility?

-Also known as Corporate Responsibility, corporate conscience, corporate citizenship, responsible business, or corporate social performance, is a form of corporate self-regulation integrated into a business model.

Maintaining support for the law, ethical standards, and the ability to handle situations in a professional and ethical manner is key.

Many critics argue that corporate responsibility distracts from the pure role of businesses, others argue it’s more of a cover up, and others might say it’s a way the government watches over multinational corporations. Either way, it is a system, a system that is to uphold what we may call standards, or even what businesses may call their code of ethics.

Without this so-called corporate responsibility I feel as if there would be no system in place in order to make sure these things are carried out, things such as ethics, honesty, and systems, things American businesses claim.

In order to maintain a system there must be a higher system. People have things in place because they are required, and because it is what enlightens a company’s image, rather it being honesty that they publicize on their wen-site, or whatever else is listed in their code of ethics. I personally believe these things are in place for one of two reasons, one being that it is what brings them business, revenue, or whatever you want to call it, it does well for them to have this in place, or two because it is a system enforced by the Government or other officials of higher power. Either way the system is held and carried out for a purpose, and that would be my definition of corporate responsibility.

I just can’t see the possibilities being limited if their was no form of corporate responsibility, but that’s where systems come into play, in order to prevent chaos and things of that nature.