Business Ethics Essay Example | Topics and Well Written Essays - 750 words - 5

Business Ethics - Essay Example This is geared toward embracing the responsibility of the firm to other issues which could affect the society (Mallin, 2009:16). For example, some firms are engaged in activities which highlight the need for an environment that is free from pollution. The society will take this as an initiative that is created by the corporate to make the world a better place for humanity. There are a number of key elements that are used as approaches to corporate social responsibility. Firms have the right to select a number of these approaches to arrive at a habitable world. These are strategies that are used to attract potential clients that will engage the firm in other businesses. However, some firms that are financially endowed take part in all the approaches of social responsibility. This heightens their supremacy in the market as many people notice their commitment to social welfare (Kotler and Lee, 2011:9). The first approach to social responsibility is the accommodative approach. This appro ach focuses on a number of activities that tend to accommodate everyone in the society. These are collective activities that are geared toward supporting the whole society. Such activities involve shareholders, the community and other neighbouring and relevant entities. Many organisations come up with long-term ventures that are geared towards supporting the community and other entities that are connected to the firm. In this strategy, the firm has to go to huge lengths in ensuring the society and other entities accrue the advantages of such ventures. As earlier mentioned, some firms are geared towards reducing the amount of pollution in the world. As such they have to part with their resources to sponsor all the activities that reduce pollution of a certain kind (Bacher, 2007:13). A succinct example is when the firm pays some of the activities that are indulged in reducing pollution. Some of the activities need some amounts of cash and will need financial assistance. Some firms tak e the responsibility of running such activities at their expense (Mallin, 2009:12). Though they may spend substantial cash, their interests are well fulfilled in the long run. Similarly, when the firms engage in these activities, it is positivity to the stakeholders. Some stakeholders are liable for some of these activities and taking it as their social responsibility lessens their work. For example, some firms pollute the environment and have to make sure they clean such a mess. In taking social responsibility in such activities, the firm fulfils its responsibility by cleaning the environment. The second approach to social responsibility is where managers have to engage in social activities, which is geared towards promotion of other people’s interest. Managers have their ostensible tasks and they should stick to these tasks. However, at some point, the managers tend to accept commitment to social responsibility and perform these tasks. Some of these tasks are demanding and will require a proactive manager. The manager in charge has to ensure all the activities are fully executed and with their corporation. For example, some managers take part in charity activities. Since they are the flag bearers, they have to show their presence in such activities (Kotler and Lee, 2011:17). This creates a scenario where managers have attracted a larger audience to participate in these activities. When the managers are present, it is almost certain that the