Evaluation: Ethical Perspectives on Social Responsibility This article evaluates Cohen's article on social responsibility and considers how his perspective and ideas align compared to other management experts including Drucker and Friedman. Some key components included in the assessment are: • A definition of the concept of social responsibility. • What Cohen identifies as a company's social responsibility towards workers, stakeholders and society as a whole. • How Cohen's perspective of corporate social responsibility aligns with Drucker's perspective. • How Cohen's view on corporate social responsibility compares to Friedman's view. • Finally, identifying which of the expert opinions best aligns with the current business climate that promotes a green environment and why.Social ResponsibilityThe basic definition of social responsibility is that all businesses should embrace more than just objective of maximizing profits and should have as part of their business model the objective of having a positive impact on the society in which they operate. operate. (Investopedia, 2014) Some companies believe that social responsibility can only be applied to individuals and not to a corporation or business entity, and that corporate social responsibility is only to maximize the company's profits for the organization's shareholders . By maximizing a company's profits, the company, as defined by these companies, benefits because the company manages to add value to the entire society in which it operates. Cohen's Beliefs Cohen was a student of Peter Drucker and so understandably his beliefs about social importance and responsibilities are in line with Druck's...... middle of the paper .......iisd.org/ business/issues/sr.aspxKnowledge@Wharton. (2012). Because companies can no longer afford to ignore their social responsibilities. Time, May 28Mackey, J. (2011). What conscious capitalism really is. California Management Review, 53(3), 83-90.Krishan, G. V., & Wei, Y. (2012). Do small businesses benefit from auditor certification of the effectiveness of internal control? Auditing, 31(4), 115-137. doi:10.2308/ajpt-50238Rethinking corporate social responsibility. (2005) Retrieved April 11, 2014, from http://reason.com/archives/2005/10/01/rethinking-the-social-responsi/printSaco, R.. (2008). Social irresponsibility. Journal for Quality & Participation, 31(3),39-40. Definition of social responsibility. (2014). Definition of “social responsibility”. Retrieved April 11, 2014, from http://www.investopedia.com/terms/s/socialresponsibility.asp
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