Corporate Social Responsibility Essay Example | Topics and Well Written Essays - 2000 words - 3

Corporate Social Responsibility - Essay Example In decades, there have been diverse arguments over the corporate social responsibility (Tricker, 1998). The cases against the CSR concept begin with classical economic argument started by Freidman. Freidman holds that management has only one responsibility of maximizing the profits of the shareholders and the owner (Friedman, 1970). He argues that social issues are not a business concern and that the issues should get resolved by free market system unfettered workings. Additionally, the other argument is that business does not have equipment for handling social activities. On the other hand, the argument in favor of the corporate social resource begins with the belief of business’s long-term enlighten self-interest of being socially responsible. The point of view suggests that in order to have a healthy environment for the business in future, the managers should take action now for long-term viability. Additionally, the other argument is that the responsibility wards off the g overnment regulations (Baron, 2013). Therefore, using different corporate social responsibility concepts, this paper will different corporate social responsibility in the two case studies and provide an ethical analysis in each of them. Facebook definition is the online a social networking service that has its headquarters in California. The chief executive officer of the corporation is Mark Zuckerberg. As Facebook turns out to be more synonymous with experience on networks, its shareholders tend to earn more benefits. Facebook has been successful in gaining a greatest share of individual’s attention and time. The customer’s challenge in the coming years is to have that dominance of attention and time to convert into a bigger share for their wallets. Most of the shares they spend indirectly or directly on advertising (Wong, 2014). Being an international brand, the greatest ethical challenge that the company faces is online privacy. Online privacy relies on the