Ethics of Corporate Social Responsibility

Ethics of Corporate Social Responsibility

Potential for Conflict between an Organization’s Business Practices

In the article “Stop Confusing CSR with Purpose,” Dan Pontefract offers valuable insight into the conflict between organizations’ business practices and corporate social responsibility (Pontefract, 2017). Pontefract asserts that cooperative social responsibility (CSR) is not a firm’s goal but an integral part of the daily operations that help create a good rapport with the stakeholders for long-term value creation. On the other hand, purpose is defined as the ideals that the organization stands for. Some firms fail to differentiate purpose from corporate social responsibility. Conflict emerges when firms fail to acknowledge that purpose is based on positive effects from the core business activities. Corporate social responsibility helps create a positive image and brand for the firm (Pontefract, 2017). By investing many resources in corporate social responsibility at the expense of the organization’s purpose, the long-run performance declines, setting the foundation for dissatisfaction from the stakeholders the CSR sought to impress (TEDx Talks, 2020). It is important to avoid confusing purposes with CSR to minimize conflict between organizations and their stakeholders. Our assignment writing services will allow you to attend to more important tasks as our experts handle your task.

Challenge To Ethically Balance With Corporate Social Responsibility Initiatives over the Long-Term

The primary challenge of ethically balancing CSR initiatives over time is the sustainability of such programs. Notably, firms face the challenge of investing more resources to meet CSR initiatives at the expense of the organization’s purpose. Any CSR program that adversely affects a firm’s operations’ sustainability should be relooked as it triggers conflict with the stakeholders. Another challenge of ethically balancing CSR initiatives, in the long run, is investing resources in non-purposive initiatives without the approval of the stakeholders, which creates agency concern in organizations. By utilizing resources on CSR programs, the firm risks creating conflict with its stakeholders if such moves fail to achieve the set objectives in the long run (Atif, 2019). Firms should invest their resources in purposive programs before embracing CSR programs to maintain the desired outcomes and minimize conflict with their stakeholder.

References

Atif, M. (2019). (Re) Discovering the business purpose: A discursive approach to CSR and stakeholder management. Society and Business Review.

Pontefract, D. (2017, November 20). Stop confusing CSR with purpose. Forbes. Retrieved April 6, 2022, from https://www.forbes.com/sites/danpontefract/2017/11/18/stop-confusing-csr-with-purpose/?sh=2dd589319048

TEDx Talks. (2020). Creating Ethical Cultures in Business: Brooke Deterline at TEDxPresidio. Creating ethical cultures in business: Retrieved April 6, 2022, from https://www.youtube.com/watch?v=wzicXbnmllc.

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Ethics of Corporate Social Responsibility

Examining the article “Stop Confusing CSR With Purpose,” you can see that a corporation’s dedication to Corporate Social Responsibility can easily become a top priority. In reviewing the two assigned media pieces, you are reminded of the important ethical choices that must be made as part of a commitment to being socially responsible as a corporation.

**Analyze the potential for conflict between an organization’s business practices or direction and its vision for corporate social responsibility.
**Based on this analysis, identify what you believe to be the most difficult challenge to ethically balance with Corporate Social Responsibility initiatives over the long term. Keep in mind that Corporate Social Responsibility efforts can become more difficult and complicated to sustain over time. Provide your rationale.