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Corporate Social Responsibility of Capitalism and Businesses

Please answer only 1 of the following 6 questions with a (1.5 minimum to 2 page maximum) answer in Microsoft Word. It can be a bit over 2 pages if need be. Keep the mind set of corporate social responsibility and opinions should be unbiased (in other words opinions should be for or against not for and against).

1. Is the current economic model, despite its extraordinary creativity still politically and morally acceptable without a profound change?

2. Is Capitalism harmful for the environment? As responsible consumers, what can we do to protect our environment in a capitalist world?

3. Would you be for or against a program of taxes on waste where the funds collected would be exclusively reinvested in waste management programs? (Justify your answer)

4. Comment on the following quote: ''Capitalism is the cause of fraud in investments and financial problems of today.''

5. What role should the notion of social responsibility play in financial transactions and sustainable development projects undertaken by governments, businesses or even consumers?

6. What can small businesses do to survive in the capitalist world we know of today and to compete with the mega corporations who hold power and the markets?

Solution Preview

5. What role should the notion of social responsibility play in financial transactions and sustainable development projects undertaken by governments, businesses or even consumers?

Step 1
The notion of social responsibility implies that individuals and companies act in an ethical manner. They must behave with sensitivity towards social, cultural, economic, and environmental issues. The actions of persons, companies, and the state if taken with social responsibility have a beneficial impact on the economy, society, and financial results of business. The notion of social responsibility means that every firm or person must behave in a manner that brings benefits to the community. It enjoins people and firms to bring a balance between financial objectives and the ecosystem.

Step 2
When financial transactions are undertaken by the government, it must ensure that the transactions have a positive impact on the environment. The financial transactions of the government should not encourage or promote socially harmful acts. In fact, when the government undertakes financial transactions, it should perform actions that advance social goals. Consider the example where the government provides stimulus money to a bank that persistently practices weak economic practices. ...

Solution Summary

Corporate Social Responsibility is discussed step-by-step in this solution. The response also has the sources used.

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