Question

Business Ethics: 2-3 paragraph response. What is an example of a company doing good by doing well, making profits,—and for that reason improving the general welfare? How can the example be converted into an argument against the theory of the corporation as having social responsibilities.

Answer 1

In this case note down some of the globally advanced and performing companies. For example Safaricom would be one of the best companies to be used. In this case Safaricom is noted to be making a lot of advancement, transforming lives through its programs, satisfying the customers through the services like M-pesa money transaction and communication among others. Despite this, the company has a Corporate Social Responsibility (CSR) which tackles a lot of matters to see to it that the needs of communities have been met, hence a company that is doing good by doing well.

This example can now be converted into an argument, arguing against these milestones the company has made in terms meeting the needs of the communities and touching lives of many in the society, this can be argued according to the theory of corporations that it is the responsibility of the company to ensure that the lives of people have been touched and communities transformed, hence an example to be noted for this case.

In this regard, Safaricom has been used as one of the most advanced and doing good by doing well company in the world, having ventured into tele-communication among other services and programs like the Corporate Social Responsibility which the company has used to venture and break boundaries and boarders hence advancing so much, the reason why it has been used in this case.