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Sharing Wisdom, Building ValuesSocial Responsibility

Sharing Wisdom, Building Values: Social Responsibility [Events and newsworthy matters in recent history—the Rio Summit on the preservation of the environment, the use of child labor by household-name companies, the rise of groups protesting against globalization, the events of September 11, 2001, in the USA, and the downfall of Enron leading to tens of thousands of job cuts—have led to debate about the ethics and social responsibility of firms across the world. How socially responsible should a firm be? Some groups, led by well-known economists, argue that the single purpose of a business is to generate profits and increase shareholder value; businesses, they believe, should not be involved in philanthropy. Others claim that social responsibility is one of a firm’s main paths to long-term sustainability.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Sharing Wisdom, Building ValuesSocial Responsibility

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Publisher
Palgrave Macmillan US
Copyright
© Palgrave Macmillan, a division of Nature America Inc. 2011
ISBN
978-1-349-58468-0
Pages
133 –161
DOI
10.1057/9780230116207_10
Publisher site
See Chapter on Publisher Site

Abstract

[Events and newsworthy matters in recent history—the Rio Summit on the preservation of the environment, the use of child labor by household-name companies, the rise of groups protesting against globalization, the events of September 11, 2001, in the USA, and the downfall of Enron leading to tens of thousands of job cuts—have led to debate about the ethics and social responsibility of firms across the world. How socially responsible should a firm be? Some groups, led by well-known economists, argue that the single purpose of a business is to generate profits and increase shareholder value; businesses, they believe, should not be involved in philanthropy. Others claim that social responsibility is one of a firm’s main paths to long-term sustainability.]

Published: Feb 17, 2016

Keywords: Social Responsibility; Family Business; Supervisory Board; Community Work; Corporate Philanthropy

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