Corporate Social Responsibility Essay Example | Topics and Well Written Essays - 1000 words - 4

Corporate Social Responsibility - Essay Exampleo work towards the fulfilment of its have got interests in total disregard of the individuals whom it is representing, and in such a situation it is possible that the principal is the wholeness most likely to suffer (Crane & Matten, 2003, p.42). In this way, it is possible for the principal gene problem to take place, tether to the ruining of relationships which were meant to be mutually beneficial. The fact that the agent works towards the achievement of its own goals to the total impairment of the entity represented by it creates a situation where it is impossible for such entities to trust agents to handle their affairs. In this way, the agent is given the power to represent the interests of the principal, and instead of doing so, it chooses to undertake activities which not only ensure that it micturates a curing from the activities, but that the interests of the principal suffer as a result.Corporate social duty comes about m ainly because of the instances of conflict that are a part of the inconsistencies that occur between the profitability and social goals. The result is that many an(prenominal) companies have to work towards the attainment of profits while at the same time ensuring that they act responsibly towards their employees as well as the societies that are affected by their activities. A case study conducted on Levi Strauss shows that this community makes sure that the working conditions and wages among the workers throughout its supply chain is reasonable (McWilliams & Siegel, 2001). In this way, the company is able not only to achieve the legal requirements of the countries within which it works, but it also ensures that it takes ethical responsibility over its actions as well as its employees. While this may be the case, there have been instances where because of the huge profit margins within these companies, many of their chief executives have gone out of their way to ensure that they gain huge salary increments. In such cases, these executive officers are often