contemporary society
In contemporary society, Corporate Social Responsibility (CRS) is a concept in management that calls companies to integrate environmental and social concerns in their various business operations as well as interaction with their stakeholders and shareholders. The majority of organizations have now incorporated CRS activities into their working programs. Generally, through CRS, a company can achieve a balance of environmental, economic, and social imperatives. The approach is essential and constructive in times of a global health crisis because corporates need to help the government at such a difficult time. The CRC gives a chance to organizations to encourage mental wellness to make sure that workers are financially secure during the outbreak. Also, the implementation of CRS by an organization ensures that the economy is backed through provisions of financial help to the small business that will ensure the society stays sound. Also, CRS is useful during a health crisis since it helps the health sector by providing donations and other essential needs. For instance, the COVID-19 pandemic has proven the importance of CRS in a way that companies are encouraging through facilitating their employees who cannot reach their working place to work from home. Since the health officials are against social gatherings, companies like Olive Garden, Apple, and Microsoft have responded by reducing the number of their employees by granting them payable sick- leave and provide additional coverage and give support to their most vulnerable workers. Finally, the Global health crisis requires a lot of support from governments from organizations. For instance, the world is more determined at getting the vaccines to support; thus, through the incorporation of CRS, many organizations like Microsoft are playing a pivotal role by providing financial support to research institutions.
Being ethical involves the acts of conforming to the accepted moral standards. Concerning the working environment, it means that an ethical person has acquired higher standards than just avoiding a particular trait or practice simply because it is illegal. What matters a lot is that the standards might be the wrong thing to be done morally. Ethics can apply to all forms of business. On the other hand, Altruism involves unselfish concern for the happiness of other individuals, welfare, and well-being. Therefore, it is ethical that a company can make use of CRS with altruistic behaviors for its image and reputation. The actions are termed moral because the significant concern is helping others to overcome the difficult times.
Additionally, building a reputation and the image of a company is of significance to any business in the world. Customers always use the image of the company to rate and buy products since they tend to be more concerned about what the organization can give back to society. In the modern business environment, there are a lot of organizations offering similar products in terms of quality and quantity. Therefore, it will depend on the image of a company for them to attract more customers, thus using CRS and altruism stand a better chance for building a reputation. For instance, since social media is playing a considerable role by allowing people to closely monitor on what companies are doing at this moment of COVID-19, it sounds ethical for organizations to incorporate the aspect and build its image. Generally, as long as the company is doing what the society terms it morally right to help others, it is right and just for the business to use the chance because the more it builds its image and reputation, the more the profit and in return, the society will continue befitting from the actions.
To be the CEO of a big organization means a lot. Many people think that it is all about fame and financial satisfaction, but the truth is all the significant decisions of the company depend on the decisions of the CEO. Indeed, one of the challenging moments that CEOs are encountering in their career is this of COVID-19. The fact remains that businesses have to close to prevent the transmission of the virus. In return, the economic position of the world is in great danger. Additionally, employees and other stakeholders of companies are suffering a lot. No one can predict how this pandemic is going to last another issue that requires both combinations of critical and ethical reasoning by any CEO of an organization to ensure that the company will not get collapse at the end of the pandemic.
Given the responsibility as the CEO under this condition, the first approach will be availing necessary resources that will enable essential workers to work from home. The strategy will ensure that there are still operations that will enhance the running costs of the company. Additionally, other positions that are not critical in the company and cannot work from home will have to continue staying home to avoid getting the virus. In return, those who will be staying at home, the company will not pay them their salaries, but it will ensure that they are provided with essential needs like food, housing rent, and medical services. Also, the company will set aside some funds to support small businesses to encourage those who have lost their positions to get a starting point and ensure that the economy stands even after the pandemic.
At such a moment, the behavior of consumers is t rational when they use the internet to purchase products. There are always many factors that influence consumers’ behaviors; hence purchases decisions are influenced by rational and emotional. At the current COVID-19 satiation, health officials are advocating individuals to stay at home and avoid overcrowding. Therefore, since people are ready to follow the guidelines, and they are not prepared to risk their lives, it has become a culture that purchases are made online. Therefore it is rational to use the internet because the online business has been there for quite some time, and individuals can access all the products depending. For example, through the internet market, their consumers reassured that they would get the delivery of their goods at door places, thus avoiding hectic procedures that are involved when they use direct purchase.
nvironmental and social concerns in their various business operations as well as interaction with their stakeholders and shareholders. The majority of organizations have now incorporated CRS activities into their working programs. Generally, through CRS, a company can achieve a balance of environmental, economic, and social imperatives. The approach is essential and constructive in times of a global health crisis because corporates need to help the government at such a difficult time. The CRC gives a chance to organizations to encourage mental wellness to make sure that workers are financially secure during the outbreak. Also, the implementation of CRS by an organization ensures that the economy is backed through provisions of financial help to the small business that will ensure the society stays sound. Also, CRS is useful during a health crisis since it helps the health sector by providing donations and other essential needs. For instance, the COVID-19 pandemic has proven the importance of CRS in a way that companies are encouraging through facilitating their employees who cannot reach their working place to work from home. Since the health officials are against social gatherings, companies like Olive Garden, Apple, and Microsoft have responded by reducing the number of their employees by granting them payable sick- leave and provide additional coverage and give support to their most vulnerable workers. Finally, the Global health crisis requires a lot of support from governments from organizations. For instance, the world is more determined at getting the vaccines to support; thus, through the incorporation of CRS, many organizations like Microsoft are playing a pivotal role by providing financial support to research institutions.
Being ethical involves the acts of conforming to the accepted moral standards. Concerning the working environment, it means that an ethical person has acquired higher standards than just avoiding a particular trait or practice simply because it is illegal. What matters a lot is that the standards might be the wrong thing to be done morally. Ethics can apply to all forms of business. On the other hand, Altruism involves unselfish concern for the happiness of other individuals, welfare, and well-being. Therefore, it is ethical that a company can make use of CRS with altruistic behaviors for its image and reputation. The actions are termed moral because the significant concern is helping others to overcome the difficult times.
Additionally, building a reputation and the image of a company is of significance to any business in the world. Customers always use the image of the company to rate and buy products since they tend to be more concerned about what the organization can give back to society. In the modern business environment, there are a lot of organizations offering similar products in terms of quality and quantity. Therefore, it will depend on the image of a company for them to attract more customers, thus using CRS and altruism stand a better chance for building a reputation. For instance, since social media is playing a considerable role by allowing people to closely monitor on what companies are doing at this moment of COVID-19, it sounds ethical for organizations to incorporate the aspect and build its image. Generally, as long as the company is doing what the society terms it morally right to help others, it is right and just for the business to use the chance because the more it builds its image and reputation, the more the profit and in return, the society will continue befitting from the actions.
To be the CEO of a big organization means a lot. Many people think that it is all about fame and financial satisfaction, but the truth is all the significant decisions of the company depend on the decisions of the CEO. Indeed, one of the challenging moments that CEOs are encountering in their career is this of COVID-19. The fact remains that businesses have to close to prevent the transmission of the virus. In return, the economic position of the world is in great danger. Additionally, employees and other stakeholders of companies are suffering a lot. No one can predict how this pandemic is going to last another issue that requires both combinations of critical and ethical reasoning by any CEO of an organization to ensure that the company will not get collapse at the end of the pandemic.
Given the responsibility as the CEO under this condition, the first approach will be availing necessary resources that will enable essential workers to work from home. The strategy will ensure that there are still operations that will enhance the running costs of the company. Additionally, other positions that are not critical in the company and cannot work from home will have to continue staying home to avoid getting the virus. In return, those who will be staying at home, the company will not pay them their salaries, but it will ensure that they are provided with essential needs like food, housing rent, and medical services. Also, the company will set aside some funds to support small businesses to encourage those who have lost their positions to get a starting point and ensure that the economy stands even after the pandemic.
At such a moment, the behavior of consumers is t rational when they use the internet to purchase products. There are always many factors that influence consumers’ behaviors; hence purchases decisions are influenced by rational and emotional. At the current COVID-19 satiation, health officials are advocating individuals to stay at home and avoid overcrowding. Therefore, since people are ready to follow the guidelines, and they are not prepared to risk their lives, it has become a culture that purchases are made online. Therefore it is rational to use the internet because the online business has been there for quite some time, and individuals can access all the products depending. For example, through the internet market, their consumers reassured that they would get the delivery of their goods at door places, thus avoiding hectic procedures that are involved when they use direct purchase.