Need Opinions or thoughts about this statement Question: What are a few reasons a corporation may feel directly required to respond to broad social

Need Opinions or thoughts about this statement

Question: What are a few reasons a corporation may feel directly required to respond to broad social obligations? What ethical theories may guide their decision?

A corporation may feel required to respond to broad social social obligations because it is involved in the world. The corporate bosses are people too, and they are not oblivious to the state of society around them; they see both good and bad things, and some feel compelled to help improve the state of affairs. Part of the appeal is that they are in a unique position; their money and influence offer the ability to actually affect change, rather than hoping that someone else can help them. The guiding ethical theories in this scenario would be altruism and utilitarianism. The utilitarian view is that the assistance of the corporation will improve the lives of all those associated with it, from the people who live in the area to the upper levels of management. The altruistic perspective is that the company assumes the place of the giver, sacrificing time and money to assist those in need. Both perspectives can be justified, as the corporation presumably gains footing in other areas, such as goodwill and tax deductions.