Question

Respond to the following statement: " Social responsibility is an ethical framework and suggests that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large. Social responsibility is a duty every individual has to perform so as to maintain a balance between the economy and the ecosystems ."  Do you agree or disagree?  To what extent is a corporation responsible to be socially conscious?

Answer 1

I completely agree with the given statement. We all know that every one of u operates and exists in the society and without society we cannot operate as it provides a framework through which different individuals and organizations cooperate and help each other in order to achieve their objectives. Being the members of the society, it is the responsibility of each of us including the business organizations to promote and protect the interests of the overall society. No act must be done directly or indirectly that has the potential to harm the interest of others or society.

Social responsibility is an ethical framework that explains to us that each one of us has some sort of responsibility towards the other constitutes of society. Any attempt to harm it or compromise the interest of the overall goods of the members of the society will be against the ethical norms.

The corporation must be highly concerned about society as they are in a position that can harm or benefit society in a great deal. They offer their services and products to the society that is being consumed by the members of the society It provides employment to different people and thus it has a greater chance of impacting the life of a common individual. This is the reason why the corporations have greater responsibility than an individual