Wealth And Social Responsibility
1. Introduction:
1.1 Historical and Religious Background
The concept of social responsibility among the business organizations is very old, which is observed to be in existence in ancient Chinese, Egyptians and Sumerians literature. As a matter of fact, it has been discovered that these societies have given equal importance to social welfare activities along with the trade and commercial transactions because they believe business activities should lead towards social upliftment and reduction in power distance . Jesus taught that wealth encourages greed and selfishness and doesn’t lead to true happiness .
CSR is a western concept which found its origin in the 19th century. However, the essential features of it can be easily traced back to ancient
…show more content…
There are others who declare that Dharma or Righteous code of conduct is sufficient and, there are also others who say that acquisition of wealth alone is sufficient. But the correct one among them is the one who maintains the balance between earning wealth and the righteous code of conduct. Fulfillment of desires to earn wealth should be in conformation with Dharma and, wealth which contravenes Dharma should be rejected. (CH-II-224 and CH-IV-176) . Therefore, as per the above text, Manu Smriti states that companies should ensure that they are not just thoughtful about profit but they should also take care of the means used to earn that profit. Wealth earned by violations of principle of drama is not a good wealth and should be rejected. Thus, the above text signifies the importance of CSR in the working of any business organization.
We can also find consistent stress on the principle of CSR in Islam as well. In the Quran and other Islam texts we will not find the mention of the word like a corporation or a corporate. Islam talks about responsibility in general and to be followed by every person following Islam including corporations. Islam lays down the code of ethics for business corporations and businesses peoples, Fair Trade, fulfilling covenants, and free competition are few important essentials to be followed by the corporations during business . Below are a few principles which deal with CSR with
DBQ On Wealth
343 Words | 2 PagesWealth has formed an enormous gap in the society. As a country, the people are as separated as oil and water. “The wealthy class is becoming more wealthy; but the poorer class is becoming more dependent. Social contrasts are becoming sharper” (Doc A), to distinguish the poor from the rich has become extremely effortless.
Wealth In America Book Report
158 Words | 1 Pages. The book explains that in order for the ruling classes to maintain their control they would have to focus the lower classes of people and their energies into not hating them, the wealthy. Instead the wealthy introduced the concept of “the other” to the poor and fed them the concept that was the Revolution,that rising up against a tyrannical England and king was on the behalf of a united people. In today’s America the imbalance of wealth and power still exists, according to Jeffrey Sachs, Director of the Earth Institute at Columbia University, “Because our public policies have been owned by the extremely wealthy they have been able to push that wealth even higher, 1% own more than the rest of us 99% combined.”
Racial Profiling And Injustice: The Aftermath Of Hurricane Katrina
171 Words | 1 PagesThere is no excuse. This paper will analyze the theories of moral entrepreneurship
The Wealth And Poverty Of Nations Summary
1459 Words | 6 PagesIn David S. Landes book, The Wealth and Poverty of Nations, he decides to take a historical approach on the reasons behind why some people remain poor and how others are so rich by trying to comprehend the reasons that lead to advances in economies and modernization in certain regions around the world over the past few decades. In other words by asking how we have come to where we are today in the sense of making, getting and spending. Throughout the book, Landes talks about how we live in a world filled with inequality and diversity therefore leading to classifying those who are poor and unable to afford medical health care living in the North and the wealthy in the South. David S. Landes aim was to basically make people aware of how it is actually geography that is responsible for this division between countries that have caused a lot of hardship for the unprivileged people by making it impossible for them to improve economically as a result of their geographical location on the map.
Gospel Of Wealth Essay
1509 Words | 7 PagesThe issue surrounding the wealthy class and their abundance of money is one that has been prominent for a long time. For many, the seemingly endless fortune these elite class people sit on has been deemed to be unfair and unnecessary, especially when there are people around the world who are not making enough money to obtain basic necessities. Peter Singer, a professor of bioethics, believes that the solution to this monetary problem is for the wealthy to simply donate money they don’t use on basic necessities back to the people in need. Although giving back to the less fortunate could potentially help in fixing many problems, prosperous people should not be obligated to donate money they “don’t need” to various organizations because since
Wealth Wealthy Americans
379 Words | 2 PagesUnited States has always been the country that grow up celebrating ourselves as the world’s most powerful nation, the world’s richest nation, the world’s freest and most blessed nation. But in some ways we are not the best in the world like, 70th in health, 69th in ecosystem sustainability, 39th in basic education. In my opinion, we should be worried, because given our reputation this is not us, we were top of everything. When other countries look at us sees that we are ranking this, they probably will be laughing at we. We need to get back at where we were.
Carnegie Conwell And Alger Advocates Of Wealth For All
1696 Words | 7 PagesCarnegie, Conwell, and Alger Advocates of Wealth for All During the late nineteenth century, a form of Social Darwinism emerged called the Gospel of Wealth also known as the Success Gospel. Social Darwinism is “Herbert Spencer’s adaptation of Charles Darwin’s concepts of natural selection and “survival of the fittest” as it applies to human society” (Nash p. 417). Social Darwinists believed that the social order was the product of the natural selection of the individuals that were best suited for the existing living conditions. These individuals were white, Anglo-Saxon, wealthy men.
The Great Gatsby Moral Corruption Analysis
1909 Words | 8 PagesThe wealthier one gets, it seems, the more one rationalizes their decisions and actions. The more one stains their morality little by little until they no longer need to choose what’s right and wrong but what benefits them. Whether it’s right or wrong is then irrelevant. From people to companies, wealth is the source of
Wealth Inequality In America Essay
598 Words | 3 PagesThere are people who work 40 hours a week and are still in poverty; this is a highly prominent issue. The uneven distribution of wealth, known as wealth inequality, is a problem that plagues not only America but also the world. With wealth inequality, there are two main issues and one solution to those issues. The problems are that the wealth in America is unevenly distributed and there people in America who work 40 hours a week and still have very little money. Wealth inequality is the root of all problems faced in America.
Volkswagen's Corporate Social Responsibility
1858 Words | 8 PagesIt is the firm’s obligation to evaluate in its decision-making processes the effects of its decisions on the external social system in a manner that will accomplish social benefits along with the traditional economic gains, which the firm seeks. It means that social responsibility begins where the law ends. A firm is not being socially responsible if it merely complies with the minimum requirements of the law, because this is what any good citizen would do.” A firm will not survive without the support of both the stakeholders and shareholders, thus the CSR proposes the indication which states that a firm can never exist In a vacuum (Khalidah et. al.).
Tesla Social Responsibility Analysis
715 Words | 3 PagesCorporate Social Responsibility (CSR) relates to the actions of an organization and the effects on the environment and social wellbeing. It is about the way that the company assesses its actions and takes responsibility for this. (Investopedia, n.d.) CSR is a management concept whereby companies integrate social and environmental issues in their business operations and interactions with stakeholders . The company aims to achieve a balance of economic, environmental and social objectives, while also listening to the needs of stakeholders.
Definition Of Wealth Essay
815 Words | 4 PagesRichelle Fey Caasi March 05, 2016 EN110 What Creates Wealth In today’s society, wealth is a large definition to different people. The official meaning of “wealth” in Marriam-Webster’s Dictionary define it as an abundance of valuable possessions or money. In other words, wealth means living in a mansion, owning a Ferrari, or having loads of money in your bank account.
Essay On Wealth Inequality
1815 Words | 8 PagesIntroduction All over the world, there is an obvious contrast between the living standards and lifestyle of the rich and the poor. Moreover, there is a large gap between the populations of poor and wealthy. This is known as the Wealth Gap, and it is caused by Wealth Inequality. Wealth Income/Inequality is defined as “The unequal distribution of assets within a population.” Wealth is defined as more than just the amount of income a person has, but instead the value of a person’s assets.
Volkswagen Code Of Ethics Analysis
1155 Words | 5 PagesDavis (as cited by Khalidah, Zulkufly, & Lau, 2014) defined Corporate Social Responsibility (CSR) as “… the firm’s consideration of, and response to, issues beyond the narrow economic, technical, and legal requirements of the firm. It is the firm’s obligation to evaluate in its decision-making processes the effects of its decisions on the external social system in a manner that will accomplish social benefits along with the traditional economic gains, which the firm seeks. It means that social responsibility begins where the law ends. A firm is not being socially responsible if it merely complies with the minimum requirements of the law, because this is what any good citizen would do.” A firm will not survive without the support of both the stakeholders and shareholders, thus the CSR proposes the indication which stats that a firm can never exist In a vacuum (Khalidah et.
Tesla Corporate Social Responsibility Analysis
713 Words | 3 PagesCorporate Social Responsibility (CSR) relates to the actions of an organization and the effects on the environment and social wellbeing. It is about the way that the company assesses its actions and takes responsibility for this. (Investopedia, n.d.) CSR is a management concept whereby companies integrate social and environmental issues in their business operations and interactions with stakeholders. The company aims to achieve a balance of economic, environmental and social objectives, while also listening to the needs of stakeholders.
More about Wealth And Social Responsibility
DBQ On Wealth
343 Words | 2 PagesWealth In America Book Report
158 Words | 1 PagesRacial Profiling And Injustice: The Aftermath Of Hurricane Katrina
171 Words | 1 PagesThe Wealth And Poverty Of Nations Summary
1459 Words | 6 PagesGospel Of Wealth Essay
1509 Words | 7 PagesWealth Wealthy Americans
379 Words | 2 PagesCarnegie Conwell And Alger Advocates Of Wealth For All
1696 Words | 7 PagesThe Great Gatsby Moral Corruption Analysis
1909 Words | 8 PagesWealth Inequality In America Essay
598 Words | 3 PagesVolkswagen's Corporate Social Responsibility
1858 Words | 8 PagesTesla Social Responsibility Analysis
715 Words | 3 PagesDefinition Of Wealth Essay
815 Words | 4 PagesEssay On Wealth Inequality
1815 Words | 8 PagesVolkswagen Code Of Ethics Analysis
1155 Words | 5 PagesTesla Corporate Social Responsibility Analysis
713 Words | 3 Pages