In this course thus far the class has grappled with corporate ideologies, practices, and goals. Stakeholder and shareholder ideologies debate over what the goals of the organization should be, and who should have the power to reinvest in society: upper management or the stockholders? Jensen proposes that focusing on long-range goals like sustainability will keep a company profitable and eliminate the apparent conflict between maximizing profit and working to balance stakeholder interests.
The blog post I responded too focused on how several Swedish and international companies are working to uphold social responsibility through grassroots efforts. The blog post states that while there has been some governmental mandates on corporate social responsibility companies incentivized by other factors have made the most impact in advancing sustainability and profitability.
The author gives examples of companies in the fashion and home goods sector, clothing, and supermarket chain to show the wide array of companies who have prioritized working with local vendors, and making strides to advance labor rights and reduce environmental pollution.
Corporations, as their own entities, want the power and freedom to make choices regarding management styles. I think that while the government can impose certain restrictions and policies a movement towards social responsibility must be internal and only then can a corporation’s efforts be lasting and genuine.
View the Blog