Essay Available:
Pages:
1 pages/≈275 words
Sources:
2
Style:
APA
Subject:
Religion & Theology
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 3.96
Topic:
The Common Concept of Corporate Responsibility
Essay Instructions:
Define "corporate responsibility." How has the failure (or success) of morality-based legislation had an impact on corporate policy, and how has the common concept of corporate responsibility impacted the industry, environment, nation, and consumer?
Essay Sample Content Preview:
Corporate Responsibility
According to Kumar (2021), corporate responsibility entails the impact that businesses, in general, have on the environment in which they operate. Currently, consumers globally are pushing companies to be more environmentally aware of the policies they formulate and the products they manufacture. Corporate responsibility ensures that organizations remain competitive as they maintain accountability to different entities such as consumers, employees, and the environment. Furthermore, it helps organizations operate in a sustainable manner, which aids in adding value. Also, due to the success of moral-based obligations, organizations are formulating policies that ensure they positively impact the environment (Frolova, 2020). Organizations also formulate and adhere to corporate policies that promote accountability to stakeholders and society in order to maintain their competitive advantage.
Additionally, the common concept of corporate responsibility has positively impacted the environment as it has r...
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