Reference no: EM132193284

Social responsibility is an obligation whereby organizations should have to behave in ways that do not harm their customers, employees, other people or the environment. In a purely economic sense, this is counter-intuitive. Absent a real threat of financial harm, an organization has no incentive to behave in a socially responsible manner. To state it another way, if it increases the Company's cost but does not increase profits, why should a company behave in a socially responsible manner? Laws and regulations can compel organizations to act in socially responsible ways. Other than that, social responsibility is an ethical decision, consciously embraced by ownership and management. We have spent this quarter talking about the diversity of the consuming population. Can you discuss how this diversity, global and domestic, influences our expectations regarding organizational social responsibility? Think about the chapters on Perception, Personality, Learning, Attitudes, Family and Social Class, and Culture...... Be sure in your answer to consider consumer behavior. This means if you discuss employee treatment, tie it to consumers. For example, if you are concerned about the conditions under which a company produces products, you must also look at what consumers are willing to pay for products. If we are not willing to pay higher prices, what is a company supposed to do? To repeat, DO NOT discuss employee issues unless you tie these to consumer behavior. If you are going to argue that people purchase more from socially responsible companies than from non-socially responsible companies, please provide examples. What are the products in your life that you specifically buy because you approve of the company's behaviors and what are the products you do NOT buy because of the company's behavior? Why do you behave this way?