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  • Resume of "Profit and Social Responsibility " Article: by Dwi Wisnu Pradana (14/369463/EK/20145)

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    Dwi Wisnu Pradana
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    Corporations in the 1920s engaged in charitable activities like establishing pension funds and building schools and churches. However, many people did not understand that corporations were doing this to improve their public image and profits through welfare capitalism. While corporations attempted to increase profits through their reputations, free market theorists argued this was wrong and corporations should only focus on maximizing profits for shareholders within legal and ethical standards, rather than expenditures that were not directly profit-driven, like pollution reduction. An alternative proposed was for corporations to allow local communities and other stakeholders to purchase stock, so corporate policies benefit all stockholders and consider social responsibility in addition to profits.

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    Dwi Wisnu P 369463 Resume Unit 21

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    Corporations in the 1920s engaged in charitable activities like establishing pension funds and building schools and churches. However, many people did not understand that corporations were doing this to improve their public image and profits through welfare capitalism. While corporations attempted to increase profits through their reputations, free market theorists argued this was wrong and corporations should only focus on maximizing profits for shareholders within legal and ethical standards, rather than expenditures that were not directly profit-driven, like pollution reduction. An alternative proposed was for corporations to allow local communities and other stakeholders to purchase stock, so corporate policies benefit all stockholders and consider social responsibility in addition to profits.

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    Download as DOCX, PDF, TXT or read online from Scribd
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    46 views1 page

    Resume of "Profit and Social Responsibility " Article: by Dwi Wisnu Pradana (14/369463/EK/20145)

    Uploaded by

    Dwi Wisnu Pradana
    Corporations in the 1920s engaged in charitable activities like establishing pension funds and building schools and churches. However, many people did not understand that corporations were doing this to improve their public image and profits through welfare capitalism. While corporations attempted to increase profits through their reputations, free market theorists argued this was wrong and corporations should only focus on maximizing profits for shareholders within legal and ethical standards, rather than expenditures that were not directly profit-driven, like pollution reduction. An alternative proposed was for corporations to allow local communities and other stakeholders to purchase stock, so corporate policies benefit all stockholders and consider social responsibility in addition to profits.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Resume of Profit and Social Responsibility Article

    By Dwi Wisnu Pradana (14/369463/EK/20145)


    Corporations in America when 1920 doing many charities activity, such as estabilish
    pension funds, built schools, crurches, and etc. But most people didnt know the meaning of
    that all corporation kindness. Corporations are attempt to make a public opinion by they
    kindness and be a walfare capitalism. And then corporations can improve they profit by their
    repute. But free market theoriests forbid this method. The stockholders of the corporation
    should make a work standard based on rules of the society (law and ethical custom), not
    exploit that standard to increase they profit. Bussiness managers should not make expenditure
    for reducing pollutions (but actualy their company make pollution beyond rules), pay longterm unemployed workers, and etc. to depleting stockholders money. They actualy not care
    about their around behaviour. There an alternative to this problem by open opportunity for
    customers, emplyers, suppliers, and member of local comunity to have stock. By that way, all
    policy of corporations decided by all stockholders can make benefit not only for corporations,
    but also for around behaviour.

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