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Question: Discuss the conflicts inherent in the corporate social responsibility (CSR) approach to business, with reference to the theories discussed and using empirical examples.

26 Oct 2022,3:38 AM

 

Part A

 

  1. Partners in a law firm have encountered the following dilemma: “Share our political leanings and risk losing clients?”. Three partners with different ethical beliefs meet to discuss the issue: a deontologist; a cultural relativist; and a utilitarian. They need to agree on a solution to the dilemma. You are listening to their opinions and from the perspective of discourse ethics, you are trying to integrate them. What could each of them think? What conclusion do you reach?

 

  1. Discuss the conflicts inherent in the corporate social responsibility (CSR) approach to business, with reference to the theories discussed and using empirical examples.

 

 

  1. Name and discuss three problems for ethics in a global business environment. Supplement/provide examples. Select one of those and discuss how it might be prevented over the long term.

 

 

Part B

 

  1. An individual is not satisfied with their salary. They have the opportunity to cheat to get some extra income (i.e., could be stealing, convincing someone else to give them the money via unethical means etc.). Which individual, organizational, and national/cultural factors can influence the individual to behave (un)ethically in this situation? Refer to and explain one individual, one organizational, and one national factor of those discussed in the lecture.

 

  1. Critically analyse the problems of current approaches to marketing (management, strategy, or research) and offer examples. Note several actions that stakeholders can take to limit the negative influence of the marketing factors discussed and enhance the positives (i.e., whereby stakeholder can mean customers or other stakeholders discussed).

 

  1. Select an ethical leadership or unethical leadership model. Explain the mechanisms by which ethical or unethical leaders can influence their followers or the organization as a whole to engage in (un)ethical behaviors, repeatedly and over the long term.

Expert answer

 

While the CSR approach to business has its benefits, there are also inherent conflicts that need to be considered. One of the main conflicts is between the profit motive and social responsibility. Companies that focus on CSR may find it difficult to balance their desire to make a profit with their responsibility to society. This can lead to tension and conflict within the company, as well as between the company and its stakeholders.

 

Another conflict that can arise is between different stakeholders who have different ideas about what constitutes social responsibility. For example, shareholders may want the company to focus on financial performance, while employees may want the company to focus on employee welfare. This can again lead to tension and conflict within the company.

 

Finally, there is a conflict between the short-term and long-term goals of a company. Companies that focus on CSR may find it difficult to achieve short-term financial goals, as they may need to make investments in social responsibility initiatives that will not pay off for some time. This can be a particular problem for publicly traded companies who are under pressure to meet quarterly earnings targets.

 

Despite these conflicts, there are many companies who have successfully implemented CSR programs and achieved both financial and social success. It is possible for companies to balance their profit motive with their social responsibility, but it requires careful planning and execution.

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