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Social Responsibility Comp 3 Mod 6 Reflection MGTCB 526 .docx MGTCB/526 Social Responsib

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Social Responsibility Comp 3 Mod 6 Reflection MGTCB 526 .docx MGTCB/526 Social Responsibility “ Comp 3 Mod 6 Reflection MGTCB/526 Social Responsibility Social responsibility is now a must for any business™s success ...

Social Responsibility Comp 3 Mod 6 Reflection MGTCB 526 .docx MGTCB/526 Social Responsibility “ Comp 3 Mod 6 Reflection MGTCB/526 Social Responsibility Social responsibility is now a must for any business™s success as consumers become more mindful of not only the products they buy but who they buy them from. Socially responsible companies use their position and resources to create value for shareholders and increase profitability, while focusing on social change and sharing company success with local and global communities (Bright, 2020). In other words, it is how companies make the world a better place. Jones (2020) identifies the following four approaches to social responsibility: obstructionist (managers choose to behave unethically and illegally taking action to ensure it™s not found out), defensive (slight commitment to behaving ethically but not beyond what the law specifies), accommodative (agreement all organization members need to behave ethically and do the right thing), and proactive (fully embracing socially responsible behavior using company resources to promote interests of stockholders and stakeholders). Promoting social change, being environmentally friendly, and charitable fundraising are just a few ways companies can practice social responsibility (Bright, 2020). Top Three Benefits of Social Responsibility First and foremost, social responsibility initiatives help to build a positive brand image and reputation for the company. In most cases, the higher a brand™s reputation the more consumers trust and respect the. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .. .. . . . . . . . . . . . . . . . . . .. . . . .

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