Question

Explain how the Colorado Government is being socially responsible in ways that meet the present needs of its residents

Answer 1

-COLORADO SOCIAL RESPONSIBILITY-

1- Social responsibility is an ethical framework and suggests that an individual has an obligation to work and cooperate with other individuals and organizations for the benefit of society at large.

2- Social responsibility is a duty every individual has to perform so as to maintain a balance between the economy and the ecosystems. A trade- off may exist between economic development, in the material sense,and the welfare of the society and environment.

3- Businesses can use ethical decision making to secure their businesses by making decisions that allow for government agencies to minimize their involvement with the corporation.

Example-

- If a company follows the (United States Environmental Protection Agency) guidelines for emissions on dangerous pollutants and even goes an extra step to get involved in the community and address those concerns that public might have ,they would be less likely to have the EPA investigate them for environmental concerns.

4-Some critics argue that corporate social responsibility (CSR) distracts from the fundamental economic role of businesses; others argue that is nothing more than superficial window - dressing or greenwashing .

5-The government most often directly influences organizations through regulation, the establishment of laws and rules that dictate what organizations can and cannot do.

Example-

-:The government can indirectly influence the social responsibility of organizations through its tax codes.

6- Social responsibility is an ethical theory in which individual are accountable for fulfilling their civic duty, and the actions of an individual must benefit the whole of society.

7-Ways Corporate Social Responsibility Promotes Sustainable Business -

1- Positive Press and Reputation- One of the most powerful effects of sustainable responsible business is its ability to quickly generate positive publicity for an organization.

2- Consumer Appeal- As corporate responsibility initiatives have become more common, consumers are increasingly interested in patronizing businesses that support causes they value.

3- Talent Attraction and Employee Retention -Consumers aren't the only people drawn to an organization's commitment to improving the world. Increasingly, talented professionals, especially those looking for business management careers, consider whether a company's core values match up with their own when they apply for jobs.

4-Bottom Line- No business leader would deny that a company's ultimate goal is to make money. While focusing on corporate responsibility can come at a cost, it can also have a positive net effect on a company's bottom line.

8- Corporate social responsibility programs try to bridge the gap between what laws are in place and enforced, and basic fundamentals of good business practice.