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Mission and Social Responsibility of Business Organization

Author

Listed:
  • Gh. Gh. Ionescu

    (Universitatea de Vest din Timsioara)

Abstract

Our paper focuses on corporate social responsibility. The socially responsible corporation is a good corporation. Although capitalism, at the end of twentieth century is emerging as the preferred way to organize an economy, considerable disagreement exists concerning the fundamental purpose or goal of capitalist business organizations. This paper presents arguments for and against Friedmanite view that purpose of a corporation is to maximize stockholder profits. Also the paper rejects the view that consumer preferences should be taken as given and that business should simply give consumers what they want. In our view, contributing to the good of society is part of the mission of business.

Suggested Citation

  • Gh. Gh. Ionescu, 2006. "Mission and Social Responsibility of Business Organization," Management & Marketing, Economic Publishing House, vol. 1(2), Summer.
    • Handle: RePEc:eph:journl:v:1:y:2006:i:2:n:4
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    Citations

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    Cited by:

    1. Patricia R. TODD, 2009. "Corporate social responsibility and global standardization: sustainable environmental management in the chemical industry," Management & Marketing, Economic Publishing House, vol. 4(1), Spring.
    2. Lect. Flaviu Meghişan Ph.D & Assoc. Prof. Liviu Crăciun Ph.D & Lect. Cătălin Mihail Barbu Ph.D, 2010. "Corporate Social Responsibility And Marketing," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(15), pages 78-84, November.
    3. Lecturer Flaviu Meghişan Ph. D & Lecturer Cătălin Mihail Barbu & Lecturer Constantin Răzvan Mihai Barbu Ph.D, 2010. "Consumers Of The World Exclaim:"We Want Social Responsibility, Public Policy And Corporate Ethics!"," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 3(38), pages 1-8, May.
    4. Cristina G?NESCU & Andreea GANGONE, 2013. "A Perspective on the Applicability of the Quadripartite Model of Corporate Social Responsibility in the Organizations of the Western Development Region, Romania," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 16(1), pages 121-134, June.

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