Corporate Social Responsibility
In the wake of Enron, it may not seem so, but when corporations aresocially responsible, they are often also financial sound as well,according to Sorensen, who noted in Administrative Science Quarterly that"the performance benefits of a strong corporate culture are thought toderive from three consequences of having widely shared and strongly heldnorms and values" and that "quantitative analyses show that firms withstrong cultures outperform" weak ones (2002). A strong culture does nothave to be one that includes corporate responsibility, of course. However, one could marry this idea to one proposed by Carpenter et al
Shorebank "has helped to transform the . Burke, writing in Public Personnel Management, noted that there are fiveguidelines that, if followed, would put a company well on its way towardpracticing corporate social responsibility. He toldof a Chicago bank that made its mark by purposely making housing loans in aravaged neighborhood. They noted that the CEO of one company even "traveledworldwide to meet with department heads to emphasize that they must upholdthe highest standards of corporate responsibility" (2004). (and)brought residents back to the area and created local wealth. The bank hasassets of $725 million: a 15-fold increase over 25 years. where ethical conduct is recognized, valued, and exemplified by all employees. Again, nodefinitive connection was drawn between business ethics and continuedhealthy financial performance, but in the article in its entirety, it wascertainly implied. As long ago as 1999, President Clinton urged corporations to adoptand promote corporate responsibility as part of their culture and mission. (1999) Leadbeater, writing in New Statesman in 2000, did tie togethercorporate social responsibility and substantial financial health.
Common topics in this essay:
Personnel Management,
Science Quarterly,
Enron Companies,
President Clinton,
,
Sarbanes-Oxley Act,
Journal Accountancy,
corporate responsibility,
social responsibility,
corporate culture,
corporate social,
corporate social responsibility,
|
Acceptance Essays
