Question

Johnson & Johnson has a reputation for being a company with high levels of corporate social responsibility to all of its stakeholders. Which of the following arguments also support the need for companies to adopt positions of social responsibility? Check all that apply.
1. Organizations have the knowledge and resources to do good in the community, so they are responsible for helping others.
2. Companies exist only to make money for people who invest in them.
3. Organizations are responsible for acting as good citizens in the society in which they operate.
4. People should be allowed to choose their charities for themselves. When organizations donate money to charity, the bottom line suffers.

Answer 1

1. Organizations have the knowledge and resources to do good in the community, so they are responsible for helping others.

Explanation:

Companies that exist for the sake of making profits are prone to do it at the expense of other social and economic structures. Thus, social responsibility is an important part of running a big firm with massive resources that can be put to this use.

Companies have think tanks, monitory and administrative advantages to do Social work that many organisations simply can't and if they do it, it produces greater trust among the public and clientele too, along with a loyal worker base too.