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Corporate-Social-Responsibility
As the corporate bottom line continues to be the measure of
management success, corporate social responsibility expenditures are
relegated to "only if we have to" status.
Corporate social responsibility has been one of the most problematic and
troubling factors of business management since almost the very beginning
of the corporation. Social responsibility corporate used to be a very
simple thing, but it is no longer so. In the beginning, corporate
charters were extremely simple. You would charter a corporation for one
task – say, to build a bridge. That corporation would have the right to
perform that one task and no further tasks. Back then, socially
responsible corporations were the rule rather than the exception.
Because they had such limited power, they would be forced to stay within
the law.
Nowadays, corporate strategy is the main concern. Corporations social
responsibility always takes a back seat. You see, it comes down to this:
competition is the bottom line. A socially responsible corporation will,
in general, be at a disadvantage when compared to one that is more
ruthless. This is why, as citizens and as business people, we have to do
everything that we can to keep corporations socially responsible.
Otherwise, the disturbing trend of corporate corruption will continue
and even get worse. As corporations get bigger and globalization takes
off, corporate responsibility is vastly becoming one of the greatest
concerns of the 21st century.
Environmental corporate social responsibility is one of the areas that
have been most problematic. Since the beginning of the industrial age,
and perhaps even before, corporate social responsibility with regard to
the environment has been abysmal. Nowadays, fortunately, there are signs
of hope. New government laws to protect the environment, as well as
consumer watchdog groups help enforce corporate social responsibility
with regard to health and environmental concerns. The popularity of
green products, as well as organic foodstuffs, has made corporate social
responsibility much more profitable in some areas. Hopefully, this trend
will continue.
Unfortunately, some social issues are not improving. Corporate social
responsibility with regards to workers rights has never been good, and
it is only getting worse with globalization. Although the fair trade
movement, the anti-sweatshop movement, and other similar workers rights
initiatives have done some good, we generally continue to lose ground
rather than to gain it. As companies are moving overseas to cheaper
labor markets with less workers rights protections, this trend will only
get worse. Until workers are able to unite on a truly global basis,
corporate social responsibility will remain abysmal. After all, it is in
their interests to pay less, and no one is stopping them. |
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