Does a corporation have social responsibilities?

[mikaela]

of course! every corporation has to be responsible with everything that it does. it should, as much as possible try to see to it that each of its stakeholders (people affected by its actions, from investors, employees, suppliers, customers and many others) are benefited with its actions. it should always try to consider the welfare of these stakeholders in making its decisions.

this responsibility is intrinsic to every corporation... however, the big question is whether corporations are aware and working towards the fulfillment of such responsibility.

when a corporation is fully aware of its social responsibilities and it is able to satisfy them, then probably, fulfilling the said responsibilities will surely increase its profits.

for example, if a corporation care for its employees, then its employees will be more willing and loyal to do their best in performing their tasks....

if a corporation makes products that are proven to be beneficial to its customers, then it will be able to enlarge its market, thus increasing its profits.

if a corporation has a good relationship with its suppliers then it will be able to get only the best raw materials at lower cost, thus increasing its profits...

and so on....