Justification of CSR to Key Stakeholders Essay Example | Topics and Well Written Essays - 1250 words

Justification of CSR to Key Stakeholders - Essay Example This paper illustrates that in his statement, Friedman asserts that the business of the company is the business of the enterprise. In saying this, he attempted to show that corporate social responsibility is not desirable at all. Moreover, he argued that the only CSR of a company is to maximize profit and any use of its resources for the benefit of the other stakeholders is a waste of resources by the management. However, there are several ways in which corporate social responsibility can be justified to the key stakeholders of the company as outlined below. One of the ways in which CSR can be justified to stakeholders is on the benefits that accrue to the consumer before they are eventually transferred to the company. CSR enables the company to provide quality products to customers. The products are also measured in their right quantities, appropriately packed and are fairly priced. In doing this, companies observe corporate social responsibility to their consumers. On the other han d, benefits are accrued to the firm in the form of customer loyalty and increased demand for the products produced by the company. CSR to the customers translates into increased sales in the long run. Secondly, CSR to the suppliers also benefits the company. Companies regularly deal with many suppliers hence the need to observe CSR with these suppliers. One way of doing this entails offering fair chances in tender allocation, prompt payment and also avoiding default in payments. The emergent benefits can be used to justify the need for CSR in any business. One of the advantages of this is that a firm can receive goods on credit from the supplier due to the good relationship attributed to CSR. Also, the providers tend to offer quality supplies to their best customers and hence the business would immensely benefit. Notwithstanding, the market is likely to receive services from providers at a subsidized rate when it observes corporate social responsibility towards them. In this light, there is a need for any business to be socially responsible to its suppliers.

Writing with Semantic Argument or Statistics Essay

Writing with Semantic Argument or Statistics - Essay Example Never mind the content, TV cartoons are the cheaper alternative to hiring a baby-sitter and is the safest way to keep even a hyperactive toddler distracted. Or so parents generally believed. But this rather cavalier attitude parents have towards their very young children watching TV cartoons – of any and all sorts – have pediatric experts worried; studies have shown that TV cartoons may be to blame about the increasingly antisocial tendencies of children even at a young age, attitudes that they may carry with them into adulthood. Could TV cartoons really be as bad an influence? One way to determine the influence of TV cartoons is to look at the statistics. TV sets may be the most common feature among American households; about 99% percent of homes are not without their own TV sets as television programming are the cheapest and most convenient way to be entertained and informed. The average child watches up to two hours of TV cartoons each day (Center for Communication and Social Policy, University of California, Santa Barbara [UCSB], 1998) and some even as much as 28 hours of cartoons each week (Beresin, n.d.). But what is more alarming about this fact is not the quantity of TV time but the quality of the program. Studies revealed that shows that target the very young audiences contain twice as many violent acts as other programs; furthermore, Saturday morning cartoons have been recorded to contain as much as 20 to 25 violent incidents per hour compared to 3 to 5 violent incidents found in prime-time TV (American Academy of Pediatrics [AAP], 1995). Not all TV cartoons feature this rather stunning amount of violence. A recent study conducted to determine the effects of violence in media on children’s anti-social behavior was conducted by Drs. Christakis and Zimmerman in 2007. They classified TV programs that target the young audiences into three categories: violent programming,