Discuss the view that businesses exist to make profits and that we Essay

Discuss the view that businesses exist to make profits and that we should not expect them to take on social responsibilities.( SOCIAL RESPONSIBILITY OF BUSINESS - Essay Example According to Waddock, Corporate management can not avoid corporate social responsibility, as it is the basis for the formation of Corporate Citizenship / Waddock, 2005/ The Committee for Economic Development suggested one more definition of CSR, which is based on â€Å"three concentric circles† approach. In this approach the inner circle is composed of primary economic functions like economic development, company production and jobs offered. The next, intermediate, circle states the necessity for awareness of modification of social values in the process of goods production. Finally the third, outer, circle includes new and therefore still vague responsibilities, which are important for the company seeking to improve social environment / Committee of Economic Development, 1971/. However, the attitude to corporate social responsibility is not such simple. Some experts are quite inspired by the concern of the companies and their desire to make contributions to the society. Their opponents consider that the primary task of any business is to make money not to make the world better. It is not new that companies benefit from being socially responsible. It should be noticed that different companies experience different kinds and different levels of benefits from their CSR policies. This depends greatly on the nature of the business itself, on the country, where the company operates. Besides, it is quite difficult to measure the extend of the benefit from CSR. The question of the benefit to the companies from being socially responsible was one of the primary ones since the introduction of the practice of social responsibility policy. There exist a number of literature investigations focusing on the influence of the corporate social responsibility policy on the performance of the company of the market. Among the best-known

Human Resource Information systems Essay Example | Topics and Well Written Essays - 1250 words

Human Resource Information systems - Essay Example They should be well equipped with leadership and motivational tools to facilitate the employees for better performance. The HR team should itself be motivated and work in accordance with the organizations objectives. The key elements that make an HR team extraordinary, is a team that encourages creativity, respect diversity and aims to improve the professional advancement as well as wellbeing of employees. It should have proper information system for their transactional activities like payroll, employee status changes and record keeping. With a proper IS in place, there will be minimum paper work required and the large chunks of data can be easily stored in databases, files and tapes which can further help in analysis of these records. In case of traditional HR, where HR professionals deal with training, recruiting, performance management, planning and compensation, a proper IS in place will make the entire process more easier and effective, having specially designed systems such as Learning management system, performance management system etc. Transformational activities that deal with strategic decision making, cultural or organization change, or increasing innovation, are one of the most important tasks of an HR department. The effective running of these activities is vital for an ideal HR department as they add value to the organization. With proper IS such as MIS or a Decision Support System in place for strategic decision making, such decisions can be taken with more ease and effectiveness. As mentioned in the earlier section, Human Resource plays a critical role in business. It not only helps in setting policies, motivating the employees, managing employee information but it actually plays a central role in streamlining the business processes. With the new technologies evolving and businesses adopting different information systems to help them run their business processes such as order processing