Practical Issues

Business corporations operate in a pluralistic nine . there is a high level of interaction and mutuality between the line of merchandise , the government and the fond club . As worry organizations draw their resources from the society and as their actions have a extensive impact on the environment there is a emergence feeling that they should be more ethically responsible towards society and the environment . Business has come a long focus from Milton Friedman s phrase the trading of business is business . Corporate social responsibility is a critical issue in the break down of business ethics . It is the ability of the corporation to relate its operations and policies to the social environment in ways that are mutually beneficial to the company and the societyThe debate of whether business should be socially responsible or it should get on with what it does best : devising profits continues .

There are a number of precaution thinkers who feel that business organizations should just concentrate on their business and leave the role of betterment of the society to the government . There are a number of arguments put forth by them in defense of their view . The first argument is that business organizations are already very powerful entities . The annual dollar volume of some of the leading American corporations is much higher than the GDPs of a number of third world countries , and if they are involved in social responsibilities they will become much more powerful leading to more coercive behaviorThe second argument is that managing a commercial business...If you want to get a full essay, arrange it on our website: Orderessay

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