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Why Socially Responsible Enterprises?

In: The Planetary Bargain

Author

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  • Michael Hopkins

Abstract

This chapter introduces the notion of corporate social responsibility, from its historical roots to what is happening today, particularly in the US and UK, where ideas about social responsibility have made their biggest impact to date. The key issue for a business is its bottom line, and how social responsibility either contributes to or weighs against this. I look at this under the heading, ‘Is business’s only job to make a profit?’ Linked to this important question are three further areas that have dominated the corporate social responsibility debate in recent times: stakeholder theory, the notion of trust and business ethics. I examine each of these in this chapter in relation to how they fit into the framework of a socially responsible enterprise.

Suggested Citation

  • Michael Hopkins, 1999. "Why Socially Responsible Enterprises?," Palgrave Macmillan Books, in: The Planetary Bargain, chapter 1, pages 1-20, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-27066-8_1
    DOI: 10.1007/978-1-349-27066-8_1
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