With reference to your own research, do you think that the ability of Essay - 3

With reference to your own research, do you think that the ability of a business to turn successfully in a well-disposedly responsible manner is mainly determined by the products it produces - Essay ExampleCompanies that value defined corporate social and ethical behaviors tend to do better and gain more profits than those that neglect such responsibilities. In the past, many business organizations did not consider it incumbent to take care of their workers, community, and other stakeholders as long as they were making profits and growing. However, recent years have witnessed businesses starting acting socially responsible. The change magnitude competition brought about by technological development and other factors cannot allow a company to neglect its social responsibilities. The nature of products that a business produces determines to well-nigh extent the degree of corporate social responsibility that a firm upholds.The views of stakeholders and customers on a particular pro duct, as well as its demand, will importantly determine the extent to which a firm acts successfully responsible. For instance, products such as petrol and tobacco may not be friendly to the society in some ways. The companies that produce such products thus always combat their adverse influence on the society. The British Petroleum (BP) Company oil products inherently misuse the environment and hence the society, despite the company upholding various social responsibilities. The company failed to act environmentally responsible in a successful way when intimately 210 million gallons of oil spilled into the Gulf of Mexico. The failure of the enterprise to act socially responsible was mainly due to the nature of the products it produces. Extraction, purification, transportation and storage of oil refer for complex and delicate procedures to reduce chances of adverse environmental effects. Customers who buy petroleum products from BP do not concern themselves with the environment s ince they are buying products that possess damaging externalities. Consequently, it reduces