Are profits and the general welfare basically incompatible? Why or why not?
– Profits and the general welfare are not basically incompatible because they use the corporate social responsibility that makes better impacts and to see how things could change in order to make market grow. In the business world it is either go one way or go another way because business could be very difficult at times. However, all firms have a commitment towards the society when companies perform a business task, society will then have to pay some cost, that is known as social cost like pollution. According to Business Ethics, “Hmmm, 40% of one of the larger items on the balance sheetCSR is starting to sound a bit more important to even the most self interested shareholder. And, if that is not enough business value, the latest estimates of socially screened investment assets are closing in on $3 trillion in the US, making it tougher still to ignore the business implications of CSR” (CSR, 2017). From this paragraph in the article it shows great info on how the shareholders don’t have certain business review and how it needs to improve in order to be better. Socially screened investments are trying to make better assets in order to do business so that everything call fall into place and that’s what this is all about.
If you believe CSR requires the sacrifice of some amount of profit, what amount is appropriate? Is that amount the same for all firms in all industries? How should the CEO decide?
– Personally I believe the CSR should be able to receive profit because if CSR is with CEO why not get a profit. In banking, where the bank I work at they have a CEO and a business developer who gets profits on sales and the amount of money that is coming into the business. I would say at fifteen percent should go to the CSR in my opinion. According to Business ethics, “General Electric CEO Jeff Immelt a speaker at last years Net Impact conference would likely say that this alignment doesnt just happen; wise managers develop strategies and position their companies for success in a resource constrained world. General Electrics eco imagination line topped more than $18B in revenues in 2009 and is a growing profit center” (CSR, 2017). I thought this would be good to bring to the table because it clearly says that CEO could get it but, nothing about a CSR. $18B in revenue is coming in and should be enough to give 15% in, this CEO is making good money and should not be cheap. Revenues are are up in sales.
Opinion: The Case Against the Case Against CSR. (2017, November 14). Retrieved May 24, 2020, from https://business-ethics.com/2010/09/01/1714-the-case-against-the-case-against-csr/ (Links to an external site.)
Anthony
(REPLY HAS TO INCLUDE AT LEAST ONE OF THE LINKS) APA STYLE
http://business-ethics.com/2010/09/01/1714-the-case-against-the-case-against-csr/
ProQuestDocuments-2014-03-05 (6).pdf
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