2023 What is the major premise of the efficiency perspective regarding corporate social responsibility | Assignments Online

 What is the major premise of the efficiency perspective regarding corporate social responsibility?

Classmate post:

The perspective of efficiency debates that the “business of business is business”, thus the management of an organization should try and maximize the returns of shareholders (Emerging business ethics issues, 2020). However, social responsibility viewpoint debates that the management of a company are supposed to offer a return that is reasonable to shareholders while meeting the community concerns. The values of a community are only mirrored in the decision of a manager when the values are codified (Emerging business ethics issues, 2020). The ideal social responsibility is the one which develops a shared value for business and society.

Corporate Social responsibility is the level of efficiency and effectiveness a company shows in focusing at its social responsibilities (Emerging business ethics issues, 2020). The higher the level of efficiency and effectiveness, the more socially responsive the company is said to be. An organization that is socially responsive is both efficient and effective and is able to meet its communal roles without wasting company resources along the way(Emerging business ethics issues, 2020). Establishing precisely which social roles a company should focus and then making a decision how to follow them are maybe the two most crucial decision making elements of keeping a high level of social responsiveness.  That is, managers must make a decision whether their company should undertake the actions on its own or get the assistance of outsiders with more expertise in a particular area (Emerging business ethics issues, 2020).

As a positive theory, the perspective of social innovation on Corporate Social Responsibility supposes that the search for prospects for social innovation is a significant driver of Corporate Social Responsibility. As a normative theory, the social innovation viewpoint prescribes contribution to innovative engagement in solving social challenges as a key vehicle for a fruitful development of a business.

References

Emerging business ethics issues. (2020). Ethical Issues and the Institutionalization of Business Ethics Chapter 3, 4, 5. . Presentation

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You must respond to at least one of your colleagues to receive maximum points.

Please have complete and well thought out responses.  I am looking for original input, so please share your thoughts and experiences so we can all learn from them.  Please make sure that you back up the posts with factual information from the book, work/life experiences, your online library, etc.  Cite any idea that is not “common knowledge”.  References must be listed to support the information you provide, and are a requirement of your original discussion post.  Superior postings are between 150-200 words —

 
 

Discussion Grading Criteria:

Thorough content and robustness of the postings: 40 points possible

Posting on 2 separate days: 20 point possible

Responded to at least one classmate on two separate days: 20 points possible

Spelling/Grammar at the college level: 10 points possible

References to course and/or other sources: 10 points possible

Total: 100 points

 Weekly Discussions-Cite at least one reputable source-(Journal Peer Reviewed Journal Article)

Your work should be error-free and clearly organized. Ensure that appropriate APA references and citations are included. Postings are polished, free of errors in mechanics, and is APA compliant. Let everyone be reminded that points would be deducted if you fail to cite sources of the information used. At least one journal source (Peer Reviewed Journal Article ) must be cited to support your ideas. Do not use Wikipedia, Chron, or other articles that are not reputable. Writing from experience is good but will be best when supported with research. The response to the main discussion question of the week must be three paragraphs.