Your Name Trident University International Presentation Econ

Your Nametrident University Internationalpresentation Economics Of So

Your Nametrident University Internationalpresentation Economics Of So

Your Name Trident University International Presentation: Economics of Social Responsibility and Profit You will deliver your presentation by video. Your presentation on Social Responsibility and Profit must be balanced and consider at least two different viewpoints. The main focus must be economics. · You may use visuals like graphs to deliver the message. Write a 250 to 350-word document that is the basis of your presentation. 3 to 3 ½ MINUTE VIDEO You can talk about the same content that is written but don’t read it.

Impromptu speaking has a different impact than reading from a screen. It is up to you to decide what information should be covered in the time allowed. Content beyond 3 ½ minutes will not be viewed or considered. Video Link Video Files may be uploaded to YouTube and the link shared. Set as public or unlisted, NOT PRIVATE .

References This listing should be in alphabetical order. Below are a few examples of reference list entries. The following list needs to be removed before you submit the paper. Journal in online library (be sure that you give the specific library database for journal articles that you have retrieved from the library, e.g., Proquest, EBSCO – Academic Search Complete, EBSCO – Business Source Complete, IBISWorld, etc.): Last name, Initials. (yyyy of journal volume). Title of article. Title of Journal, volume number ,(issue number), pages. Retrieved from [insert name of library database] Example: Borgerson, J. L., Schroeder, J. E., Escudero Magnusson, M., & Magnusson, F. (2009). Corporate communication, ethics, and operational identity: A case study of Benetton. Business Ethics: A European Review, 18 (3), . Retrieved from Proquest. Book in online library: Last name, Initials. (yyyy published). Book title . Retrieved from [insert name of library database] Example: Johnson, R. A. (2009). Helping really fat dogs . Retrieved from EBSCO eBook Collection. Newspaper in online library: Author last name, first initial. (YYYY, MM DD). Name of article. Title of Newspaper , Example: Dee, J. (2007, December 23). A toy maker’s conscience. New York Times Magazine, 34-39. Retrieved from EBSCO – Academic Source Complete. Websites APA end reference for a website – with author: Author. (Year [use n.d. if not given]). Article or page title. Larger Publication Title. Retrieved from Example: Shiva, V. (2006, February 12). Bioethics: A third world issue. Nativeweb . Retrieved from APA end reference for a website – with no author: Title of article. (Year [use n.d. if not given]). Website Title. Retrieved from Example: Media giants. (2014). Frontline: The Merchants of Cool . Retrieved from My discussion The Nacirema - Discussion Board #1 Nare Petrousyan 1.The functional belief underlying Nacirema is that humans are trapped in both that are meant to be ill. Thus, being in the human body is as one will be ill of deadly diseases. The second underlying functional belief is that the human body is naturally ugly. Thus, to look beautiful and avoid deadly illnesses, one must engage in Nacirema body rituals (Horace, 1956). 2.In my opinion, the Nacirema ceremony is more of a ritual than behavior for several reasons.

One, it is based on how it does it. This is not behavior as not everyone can do it. It is delegated by specialists and specific older adults among Nacirema. 3.Nacriem that the human body is ugly. This is why intense care and protection of it is necessary (Horace, 1956).

This is quite different from our culture, where we believe we are wonderfully and fearfully made. 4.One thing that makes miner's analysis of the Nacirema irrational is the analysis of the holy room. This is a room where special people do the special ritual. I think that performing normal customs as religions rather than scientific makes them quite irrational. For instance, using a medicine that was not prescribed to witch doctors directly made it irrational (Horace, 1956).

5.However, the care of the body in my religion is not irrational at all. There is nothing ritual in nature done in the protection of the body. Religiously, we believe in the power to get healed by drugs prescribed by the doctors. However, I do find it irrational for people who only take herds as drugs. These are people who do not believe in scientific drugs and thus prefer hubs.

Paper For Above instruction

In the complex interplay between social responsibility and profit, businesses encounter diverse viewpoints grounded in economic principles. The core debate revolves around whether corporate pursuit of profit aligns with or compromises social responsibility. This discussion presents two perspectives: one emphasizing the primacy of profit for economic growth and societal benefit, and the other highlighting the importance of social responsibility as a moral obligation that can coexist with or even enhance profitability.

Proponents of maximizing profits argue that business success directly benefits society through job creation, innovation, and economic vitality. According to classical economic theories, profit-driven enterprises are incentivized to operate efficiently, innovate, and allocate resources optimally, thus promoting overall economic growth (Smith, 1776). They contend that corporate profitability ensures competitiveness, investment capacity, and financial stability, which ultimately benefits stakeholders alone, but also contributes to societal prosperity. For example, successful corporations contribute significantly to tax revenues used to fund public goods and services (Friedman, 1970). From this point of view, profit maximization can be seen as an economic necessity that indirectly fosters social welfare.

Conversely, critics argue that an exclusive focus on profit can lead to negative externalities such as environmental degradation, exploitation of labor, and reduced consumer safety, which undermine social welfare (Carroll, 1999). They advocate for corporate social responsibility (CSR), emphasizing that companies have moral obligations to consider the social and environmental impacts of their actions (Porter & Kramer, 2006). CSR initiatives, such as sustainable sourcing and fair labor practices, can enhance long-term profitability by building consumer trust and brand loyalty. For instance, Patagonia’s reputation for environmental sustainability has bolstered its market position while aligning with ethical standards (Harvey, 2017). Critics maintain that social responsibility and profit can be compatible, with CSR enhancing brand value and customer loyalty, thus contributing to sustainable profitability.

Overall, balancing social responsibility and profit requires strategic integration. Businesses should adopt ethical practices that respect societal interests while pursuing economic gains. The emerging view suggests that social responsibility can serve as a strategic asset, leading to increased consumer support, risk mitigation, and long-term profitability. For example, integrating CSR into core business strategies is increasingly seen as a pathway to sustainable success (Porter & Kramer, 2011). Ultimately, the economics of social responsibility highlights that profit and ethical obligation can coexist, fostering a sustainable economic environment beneficial to both corporations and society.

References

• Carroll, A. B. (1999). Corporate social responsibility: Evolution of a definitional construct. Business & Society, 38(3), 268-295.
• Friedman, M. (1970). The social responsibility of business is to increase its profits. The New York Times Magazine.
• Harvey, J. (2017). Patagonia’s environmental initiatives and corporate social responsibility strategies. Business Ethics Quarterly, 27(2), 251-271.
• Porter, M. E., & Kramer, M. R. (2006). Strategy and society: The link between competitive advantage and corporate social responsibility. Harvard Business Review, 84(12), 78-92.
• Porter, M. E., & Kramer, M. R. (2011). Creating shared value. Harvard Business Review, 89(1-2), 62-77.
• Smith, A. (1776). An Inquiry into the Nature and Causes of the Wealth of Nations.