Social Responsibility Definition

i.) Define the term social responsibility. Find an example of a company action that was legal but not socially responsible. Defend your example on the basis of your definition.

Social responsibility: This is an ethical framework or a duty that an entity, be it an Organization or an individual, has that’s an obligation for them to behave ethically and with sensitivity toward social, cultural, economic and environmental issues, this ensures that the entity has a positive impact on the society.

Example: McDonald's, a food service retailer, has restaurants in over 115 countries. Their meals are well prepared, and they operate to the letter and spirit of the law, hence meeting all the legal requirements e.g.; Consumer protection act 1987 (Uk).

Yes it does, this enables a company to work well within its capacity, while either avoiding engaging in harmful acts or directly advancing social goals that they are passionate about. The basic objective of an organization is to develop, produce and supply goods to customers, when an organization defines a socially responsible role for itself, it carries out its business operations while being conscious of the effect its company operations have on the environment and it develops sustainable practices that it adheres to since they are making an effort on its own accord and not because it’s a requirement. When it’s forced to work with a social responsibility that’s been defined for them by an outside party, its likely to result to window dressing practices, whereby they partake in activities just for the sake of presenting a good public image or to improve their current public image.

iv.) Which of the three basic philosophies of social responsibility would you find most appealing as the chief executive of a large corporation. The three basic philosophies of social responsibility are:

 The Economic aspects: This involves having an understanding of the economic impact the company’s operation’s has on the