Supporters of narrow view agree that the only role of business is the increase of profits they believe that caring about the environmental, social and other problems should be the responsibility of government and non-profit making organizations sponsored by governments. Historically, a narrow view of corporate responsibility has been enforced whereby a corporation's responsibility extends only to maximising profits in dodge v ford motor co 14 the michigan supreme. Best answer: i argue broad view that corporate social responsibility extends beyond just maximizing profit and that it needs to act as a responsible member of society. Proceeding to the broader view there are a number of contentions that proves that the broader view of corporate social responsibility should be adopted rather than the narrow view firstly, the duties of any corporation involve the duties towards the stakeholders, the employees, the customers, the suppliers and the environment [5.
The narrow view is not only that they have none but that we are responsible for them, ie corporate bailouts with public monies this is not only pertinent in the way of government regulation (or deregulation) and corporate accountability for the. Generally, views on csr are divided into two categories: narrow and broad (crane and matten, 2007) narrow view considers the only objective for business entities to consist of profit maximisation on the contrary, according to the supporters of the broad view to csr apart from their primary. Narrow view sometimes called the stockholder view was advocated by milton friedman the sole purpose of companies is to make a profit for the shareholders, while staying within the limits of the law. This view may be more aligned with the dominant concept of csr and promote a broader, multiple stakeholder approach to corporate governance if sympathy suggests only philanthropy, we add that csr demands empathy, an outside-in way of thinking and planning to help management reflect on its role in and impact on the society where it operates.
The complete statement is rather broader and brings in a few elements of what is today considered to be integral parts of corporate responsibility -- ethics and integrity. Although the concept of corporate social responsibility (csr) has been advocated for decades and is commonly employed by corporations globally, agreement on how csr should be defined and implemented remains a contentious debate amongst academia, businesses and society. The purpose of this study is to evaluate the arguments concerning corporate social responsibility (csr) the two sides of the debate are stakeholder theory and shareholder. The term corporate social responsibility is still widely used even though related concepts, such as sustainability, corporate citizenship, business ethics, stakeholder management, corporate responsibility, and corporate social performance, are vying to replace it.
1 broad and narrow view rules related to corporate social responsibility for companies differs and it depends upon various factors the process for using the profit earned by the company has to be decided in an exclusive manner. A discussion on archie carroll's view of corporate social responsibility archie carroll's view of corporate social responsibility 1 by rodolfo arango archie carroll's hierarchical chart depicting the four components of his view on corporate social responsibility is sketched out as a pyramid for ease of use and understanding. A corporations today should adopt a broader view of their social responsibilities than they have in the past b corporate officials have a social responsibility that goes beyond serving the interests.
Answer selected answer: correct answer: the idea that incorporation is a by-product of the people's right to associate, not a gift from the state question 23 5 out of 5 points which of the following do advocates of the broader view of corporate social responsibility believe. We argue however that the two concepts are inextricably linked and that it is necessary to take a broader view of corporate governance which encompasses relationships with the whole stakeholder community and necessarily therefore incorporates the principles of corporate social responsibility. 13 adherents of the broader view of corporate responsibility claim that modern business is intimately integrated with the rest of society and that, as a result, although society expects business. Csr arguments of broad view and narrow view in my view the statement 'the social responsibility of business is to increase profit' is true to a point, however, i believe a corporation's responsibilities spread beyond just maximising profits.
The term is based on the following narrow definition narrow view: corporate of corporate governance in emerging economies to use the broader view above, they. (t/f) advocates of the broader view of corporate responsiblity do not believe there is anything wrong with corporate profit true but they also think they have other responsibility to consumers, employers, suppliers, all involved and affected. The narrow view is that corporations are accountable to shareholders the broader view includes other stakeholders, some we referred to earlier and the broadest view includes society as a whole including the natural world.
Request pdf on researchgate | corporate social responsibility: a broader view of corporate governance | it is clearly accepted that good corporate governance is fundamental to the successfully. Debating corporate responsibility debating corporate responsibility there are 3 arguments that support the narrow view which is the invisible-hand argument, the let-the-government-do-it argument, and the business-can't-handle-it argument.
Corporate responsibility while the concept of an individual having responsibility is commonly recognized, modern views have lead to the emerging issue of corporate responsibility business directorycom defines corporate social responsibility as, a company's sense of responsibility towards the community and environment (both ecological and. The narrow view of corporate responsibility states that business has no social responsibilities other than to maximize profits when it comes to corporate behavior, such as described in the wal-mart® e-activity, consider the role that government regulation and / or legislation should play, if any. Narrow view profit maximization broader view corporate social responsibility from rel mgt 228 at depaul university broader view: corporate social responsibility. For aristotle and subsequent proponents of the broader view of csr such as davis (1983), the widely held narrow view of csr that business is primarily concerned with proﬁt making.