Business Editorial Presenting Your Position On A Timely Business Issue
Businesses operate in a highly dynamic environment with several factors that affect their daily operations. Political, sociocultural, technical, and economic issues are a few factors. Due to these factors, businesses frequently satisfy demands from the government, shareholders, investors, and customers, which impacts the business’s nature and profitability. Some include air pollution from manufacturing and processing industries, environmental protection, sustainability, and undesirable products. As a result, the study highlights corporate social responsibility as one of the current business issues. Even if the controversy may date back to the early 1990s, it continues to be a contentious issue in the modern business environment since different people have opposing opinions about the function of business administrations in the workplace. The information that follows may also have an impact on businesses that produce and process tobacco.
A company’s effort to assess and take responsibility for the effects of its operations on the environment and the well-being of society is known as corporate social responsibility. Since it requires actions from businesses that go above and beyond what environmental protection organizations or authorities may mandate, it is a form of self-regulation of firms built into a business model (Epstein, 1987). An organization monitors and ensures its active conformance with the spirit of the law, national or international standards, and moral philosophies or norms through the self-governing structure that the policy serves. It is a crucial self-regulatory mechanism in the current business environment because some major firms have decided not to accept social responsibility. The topic covers environmental protection, moral work practices, shifting societal norms, and the shrinking role of government.
Nowadays, public awareness is crucial for businesses engaging in environmentally friendly operations. By implementing a sustainable business strategy, commercial firms must combine their efforts to increase profits (Windsor, 2006). These include chemical, water, air, and atomic discharge pollution. It is well known that the operation of businesses produces many undesired goods, oil, and extra chemical waste and pollutants. One of its goals is to counteract such effects, which is part of its mission. The fact that businesses should look into alternative energy sources do environmental cost-benefit analyses, and have social responsibilities to their partners and the general public is a concern (Sen, 2006).
Additionally, businesses produce and process tobacco. We must avoid some waste products regardless of size; businesses have a huge carbon effect. Therefore, any effort to reduce footprints is advantageous for both society and industry.
Fair and moral treatment of employees is a component of ethical work practices. Additional labor laws cover employment discrimination, minimum wages or pay, worker protection, and workplace safety. Compliance with these laws and regulations may also hold businesses accountable (Windsor, 2006). This is especially important for multinational corporations that operate internationally with labor laws that differ from local regulations. Volunteering is another tenet of corporate social responsibility. Companies can demonstrate their concern for specific issues and public support by running useful programs without expecting anything in return. Giving to local and national groups is another way businesses practice social responsibility (Wheeler, 2003). For instance, businesses must provide staff, funds, and other resources to help the community in times of need, such as after an accident.
Throughout history, societal expectations have evolved. Today’s customers and the general public have higher expectations of the businesses that produce and manufacture the goods and facilities they purchase. It was anticipated that corporate crises decreased public faith in businesses and the ability of regulators to control lawless behavior. The government typically has limited resources. Thus, the business can protect the environment (Snider, 2003). While most of the public, including investors and stockholders, support a company’s social responsibility, some people feel that it is not the responsibility of businesses to do measures that do not increase their capital. They base their argument on businesses’ fundamental goals: maximizing profits and investor wealth while minimizing losses through other endeavors like charitable programs (Sen, 2006). Businesses must be socially responsible to the environment because they are the ones that supply them, countering this claim. Businesses exist because there are resources—including labor—to support the production process. Additionally, individuals are responsible for promoting the company’s products and services.
Environmental deterioration raises concerns about sustainability. In the future, the company will be unable to operate due to a lack of funding and clients.
In conclusion, business social responsibility encompasses a wide spectrum of innovations and technological advancements, especially in today’s society. Social responsibility extends beyond the topics covered in this article, such as volunteer work and environmental protection. There are several locations depending on the company’s operations, procedures, and the goods or services it offers. Because of this, the management must include a variety of strategies in their tactical plan to guarantee ecological sustainability and benefit the community in ways other than the services or facilities they are given.
Epsteins, E. M. (1987). The corporate social policy process: Beyond business ethics, corporate social responsibility, and corporate social responsiveness. California management review, 29(3), 99-114.
Sen, S. (2006). The role of corporate social responsibility in strengthening multiple stakeholder relationships: A field experiment. Journal of the Academy of Marketing Science, 34(2), 158-166.
Snider, J., Hill, R. P., & Martin, D. (2003). Corporate social responsibility in the 21st century: A view from the world’s most successful firms. Journal of Business Ethics, 48(2), 175- 187.
Windsor, D. (2006). Corporate social responsibility: Three key approaches. Journal of management studies, 43(1), 93-114.
Wheeler, D., Colbert, B., & Freeman, R. E. (2003). Focusing on value: Reconciling corporate social responsibility, sustainability and a stakeholder approach in a networked world.
Journal of general management, 28(3), 1-28.
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Develop a business editorial that presents your position on a timely business issue. Support your position with credible references on your topic of interest.
Your paper should be written using APA style and include, at minimum, the following:
- A clear statement of the issue
- A thorough discussion of each of the premises
- Credible, supporting evidence for each of the premises
- Response to each of the counterarguments, including evidence
- A strong, logical connection between the premises and the conclusion
- Thorough research and documentation
- Writing that presents a compelling argument
- At least 4 different citations, 3 of which are from the APUS Library
- Approximately 3 to 5 pages
Be certain to carefully research your position using credible sources properly cited in the body of the work. Follow APA format.
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