The paper "Social Responsibility Concept" is a great example of management coursework. Social responsibility is a concept that has been there for almost 50 years and it has also gained prominence again the recent time. As Utting (2005) states, the ever-increasing number of large domestic companies and transnational corporations have for a considerable period of time adopted a number of social responsibility that entails concepts such as code of conduct and occupational health and safety. The revival of the concept is also clearly depicted in recent public debates and it has also generated a very general literature over time.
Social responsibilities do not only present successful companies, but it also entails thinking on environmental and social aspects. Corporations need to include both the environmental and social aspects of their activities which lead to the making of profits. Social responsibility addresses the requirements of persons and customers cooperating with them in their business activities. Social responsibility absolutely affects society and it also regulates the impact on the environment. This essay sets out to define social responsibility. It will also offer a list of the advantages and disadvantages of social responsibility and examples will also be offered to give greater strength to the content.
Lastly, there will be a conclusion, to sum up, what has been discussed. Definition Social responsibility is viewed as a difficult concept to define. This is solely based on the fact that it tends to overlap with other concepts such as sustainable business, corporate citizenship, the triple bottom line and environmental responsibility. Based on the fact that social responsibility is a contested concept and definition that may be offered may be challenged by others for them to be able to apply any version of social responsibility (Blowfield, 2005).
In social responsibility literature, there are three visible schools of thought and they are characterized as neo-Keynesian, neoliberal and the radical political economy approaches. The neo-liberals tend to view social responsibility as the adoption of a number of codes as well as guidelines, policies that are initiated and driven by organizations. For example, when the Australian treasury made a submission to the joint parliamentary inquest, they termed social responsibility as an organization’ s management of the environmental, social and economic impacts of its core activities. Neo-Keynesian school of thought is more inclined to the utilization of a wider definition.
Its definition recognizes the role that is played by stakeholders in an organization and to some extent the state. Nevertheless, social responsibility is termed as an approach that is adopted voluntarily by organizations without the regulation by the state or any other stakeholder (Sarre, Doig & Fiedler, 2001). For example, the green paper by the European Union on the promotion of a European framework for social responsibility viewed social responsibility as a notion where companies integrate both the environmental and social concerns in their business operations and the interactions of other stakeholders is usually on a voluntary basis. The other definition is according to the radical political economy.
This approach takes a more decisive position around the concept of social responsibility on a number of issues. A great number of authors in this area tend to possess normative views in relation to the role played by corporations and businesses in society (Welford, 2004). Conversely, the radical political economy articulates different assumptions in relation to the existence and exploitation of organizational power in local, national and global economies.
From the radical political analysts views social responsibility as being an effective method, but cautions that the self-regulatory and the voluntary aspect of social responsibility policies are usually designed to deliberately avert the concentration away from control and external regulation of their corporate behavior as well as power and at the same time to mask and legitimate other business activities that seem to be environmentally and socially destructive (Christian Aid, 2003).