The paper "Various Perspectives on Corporate Social Responsibility" is an outstanding example of business coursework. Since the 1950s, issues revolving around Corporate Social Responsibility (CSR) have raised serious debates. In effect, the definition associated with CSR has been changing in practice as well as meaning. According to Lee (2008) and Secchi (2007), the classical perspective of corporate social responsibility was narrowly limited to philanthropy. However, Lee (2008) posits that later in the 1970s, the classical view started defining CSR based on business-society relations. Accordingly, the classical view indicated how social corporate responsibility brought benefits to both businesses as well as the society as social problems were solved thus organizations earned a good reputation. However, opponents of CSR argue that community developments are supposed to be supported by the governments as businesses and citizens pay tax expecting services as well as development.
But this paper argues that businesses interact with the community as well as use the environment to achieve their profit-making objective. Consequently, they have the sole responsibility of making sure that the environment is well preserved. Moreover, without the community, the corporation has no business thus it must involve itself in developmental initiatives that can benefit the community.
In effect, this paper aims to analyze critically different perspectives related to CSR. The paper will also give findings of the social or ethical obligations of organizations with regard to corporate social responsibilities. To achieve, the paper will look at various concepts related to CSR as well as business-case arguments of CSR. Ethical theories related to CRS CSR is widely defined as the beneficial, ethical as well as society friendly undertakings that businesses engage in, besides their normal operations, in order to uplift the lives of the community in terms of development.
The utilitarian theories view corporate social responsibility as a means to benefit the business economically (Secchi, 2007). According to these theories, firms realized that there was a need for an economics of responsibility as businesses were typically known for profit maximization. As such, firms had to look for ways that could generate more profits constantly in the burgeoning competitive environment (Friedman, 2007). Firms had to come up with strategies that would sell the company as a caring and socially conscious entity thus establishing the CRS initiatives (Secchi, 2007).
Accordingly, business came up with business ethics that aimed at making sure that the corporation was ethical to the surrounding communities. The classical perspective associated with the concept of laissez-faire business gives way to public control, determinism, personal responsibility to CSR and individualism. According to Mele and Garriga (2004), corporations or firms are often considered as instruments for creating wealth. Thus, much of the so-called corporate social responsibility is aimed at building a reputation for the company to continue ‘ ripping’ from the community and public at large.
This view is strongly buttressed by Secchi (2007), who posits that CSR initiatives are aimed at achieving economic results. On the other hand, Friedman (1970) in his early researches posited that the resources, as well as amenities, which corporations put in place as an undertaking in CSR, elevate the community from serious challenges. What he failed to point out, however, is whether the initiatives are aimed at bringing economic results in the end or if they are conducted for the best interest of the community.
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