Assess how, and to what extent, corporate social responsibility can be meshed with a corporation's obligation to maximize profits for its shareholders?© BrainMass Inc. brainmass.com October 25, 2018, 5:57 am ad1c9bdddf
Basically, the two go hand-in-hand nicely, in several ways. The company's main objective is to be profitable, or to maximize profits. In doing so, they provide a nice return on the investment for their shareholders. The company also has a CSR obligation. If the company finds the right way to mesh the two together, they continue profit maximization, and attract additional investors through sustained CSR efforts. Most companies ...
Assess how, and to what extent, corporate social responsibility can be meshed with a corporation's obligation to maximize profits for its shareholders?
Solution explores the article, "Managing Responsibility: What Can Be Learned From the Quality Movement?" By: Sandra Waddock and Charles Bodwell. The following questions are discussed in light of the article:
- What does this article tell us about quality and responsibility management and how we can integrate this into organizational processes?
- What can we ascertain from the reading that does not appear value added?
- What company can improve responsibility management by improving quality management? How can this be done? Provide examples and research to support your thinking.