Assignment "Social Responsibility of Business"

User Generated

Ylaa83

Business Finance

ETH301 Business Ethics

Description

Social Responsibility of Business

  • Research a Fortune 500 company. Examine the company’s social responsibility policies. How does the company demonstrate its duty? For example, you may choose areas such as labor practices, environmental and human rights issues or special interest (e.g., animal rights, women's rights, technology transfer, philanthropy, etc.) to describe how a company demonstrates its duty.

The requirements below must be met for your paper to be accepted and graded:

  • Write between 750 – 1,250 words (approximately 3 – 5 pages) using Microsoft Word in APA style, see example below.
  • Use font size 12 and 1” margins.
  • Include cover page and reference page.
  • At least 80% of your paper must be original content/writing.
  • No more than 20% of your content/information may come from references.
  • Use at least three references from outside the course material, one reference must be from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the three reference requirement.
  • Cite all reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) in the paper and list on a reference page in APA style.

References must come from sources such as, scholarly journals found in EBSCOhost, CNN, online newspapers such as, The Wall Street Journal, government websites, etc. Sources such as, Wikis, Yahoo Answers, eHow, blogs, etc. are not acceptable for academic writing.

A detailed explanation of how to cite a source using APA can be found here (link).

Download an example here

Grading Criteria Assignments

Maximum Points

Meets or exceeds established assignment criteria

40

Demonstrates an understanding of lesson concepts

20

Clearly presents well-reasoned ideas and concepts

30

Uses proper mechanics, punctuation, sentence structure, and spelling

10

Total

100

Unformatted Attachment Preview

ETH301 Business and Society Week 1: Assignment "Social Responsibility of Business" Social Responsibility of Business • • • • • • • • Research a Fortune 500 company. Examine the company’s social responsibility policies. How does the company demonstrate its duty? For example, you may choose areas such as labor practices, environmental and human rights issues or special interest (e.g., animal rights, women's rights, technology transfer, philanthropy, etc.) to describe how a company demonstrates its duty. The requirements below must be met for your paper to be accepted and graded: Write between 750 – 1,250 words (approximately 3 – 5 pages) using Microsoft Word in APA style, see example below. Use font size 12 and 1” margins. Include cover page and reference page. At least 80% of your paper must be original content/writing. No more than 20% of your content/information may come from references. Use at least three references from outside the course material, one reference must be from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the three reference requirement. Cite all reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) in the paper and list on a reference page in APA style. References must come from sources such as, scholarly journals found in EBSCOhost, CNN, online newspapers such as, The Wall Street Journal, government websites, etc. Sources such as, Wikis, Yahoo Answers, eHow, blogs, etc. are not acceptable for academic writing. A detailed explanation of how to cite a source using APA can be found here (link). Download an example here Grading Criteria Assignments Meets or exceeds established assignment criteria Demonstrates an understanding of lesson concepts Clearly presents well-reasoned ideas and concepts Uses proper mechanics, punctuation, sentence structure, and spelling Total Maximum Points 40 20 30 10 100 ETH301 Business and Society Week 1 "Social Responsibility and Stakeholder Relationships This Week's Activities Learning Objectives • • 1. 2. 3. 4. Describe social responsibility Discuss the benefits of strategic philanthropy Reading & Assignments Read "Weekly Related Articles" Review Lecture 1 "Social Responsibility of Business" Complete Discussion "Importance of Social Responsibility" Complete Assignment "Social Responsibility of Business" W1 Reading "Weekly Related Articles" Weekly Related Articles Concept of Social Responsibility Multinational Corporations, Corporate Social Responsibility and Poverty Eradication http://www.opednews.com/articles/Multinational-Corporations-by-Nattavud-Pimpa-110222-903.html Global Nature of Social Responsibility A new business structure appears to be on the horizon as large corporations are now integrating activist demands into their business plans. http://www.globalenvision.org/library/8/1433 Development of Stakeholder Relationships This article describes relationship-based management, an emerging values-based management philosophy that puts relationships ahead of profit maximization. http://www.cim.sfu.ca/pages/resources_collaborative.htm W1 Lecture 1 "Social Responsibility of Business" Social Responsibility of Business During this lecture, we will be discussing the social responsibility of businesses. Let’s begin our discussion by defining what social responsibility is. Simply stated, social responsibility is an organization’s initiatives to assess and take responsibility for its effects on the environment as well as its impact on social welfare. In today’s business climate, social responsibility in business is becoming an expectation. Organizations are continuously being told by the government, the media as well outspoken consumers about the advantages of acting socially responsible and warned about the risks of a lack thereof. Many organizations are seeing that they can gain a competitive edge by appealing to the increasing numbers of socially and environmentally responsible consumers, investors as well as employees. Many business leaders see business social responsibility initiatives as something that might be nice to do but are not connecting it to expanding the business and increasing their profits. The problem with this mindset is that they are not considering that being socially responsible can make all the difference to their competitive advantage. Organizational initiatives such as volunteering, philanthropy and supporting communityimprovement initiatives can significantly increase its brand, reputation and valuation of their business. An advantage to a business being socially responsible is that it can create goodwill among the community it serves as well as increase their trust in the business. In my personal opinion, consumer trust and having a good reputation are some of a business’s most beneficial assets. In fact, I will go on to say that without these two things, the business might very well find itself out of business. An important aspect to an effective corporate social responsibility initiative is that a business should make sure that they develop the right kind of socially responsible program for the business, or one that consumers in the community will find valuable. When initiated properly, it can open up a variety of new business relationships and opportunities. The bottom line is that if effective, not only will the business see success in their local communities grow, but their businesses culture as well. It can become a culture where the employees enjoy coming to work and where the community will choose to buy their products from. • • • We will end our lecture by briefly discussing the three main approaches to corporate social responsibility and what they mean below. The Responsibility Project – company assigns group to undertake projects that establish standards, planning, and evolution of various aspects of the business The Responsibility Program – companies become more proactive and comprehensive The Responsible Business – a business understands its actions can actually improve and evolve healthy systems and responsibility becomes fully integral to the way all business activity and thinking is conducted.
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