Question

1. Jeffrey Swartz’s approach to running Timberland is based on the belief that business success is compatible with corporate social and environmental responsibility. Do you share this belief? Why or why not?

Answer 1

Answer:

Yes

Explanation:

Corporate Social responsibility refers to the social obligations which a business owes towards the society, as business represent trustees of the society's resources.

As per the concept, a business derives it's resources from the society, such as raw materials, labor , manpower, water, electricity, etc. Business goods and services are purchased by the society and business derives it's revenue from the society. Thus, it is also the responsibility of business to be socially responsive i.e to address and participate in social issues, contribute towards education and provide amenities such as drinking water and sanitation and be protective of the environmental flora and fauna.

Swartz approach of operating Timberland is absolutely justified and realistic. Business success and effective discharge of corporate social responsibilities are interlinked.

Businesses who take up socially responsive causes perform better since it augments their reputation in the public eye and also helps them find able support from government and other authorities owing to being compliant and ethical in their approach.