Corporations are a vital aspect of human life. Though corporations make less than a quarter of businesses in the US, they contribute 80 percent of the counties sales, therefore contributing immensely to the economy of the US. More so, corporations range from small to large, depending on the nature and the capital investment of the corporation. The difference in size impacts on the corporations themselves, in that large corporations enjoy some advantages not enjoyed by small corporations. However, corporations not only contribute to the economic aspect of humanity but also have a social responsibility as well as environmental responsibility. The impact on the wellbeing of people and the contributions to the economy is majorly determined by their size, and ability to achieve sustainability (Benn et al., 2014). Nevertheless, large corporations fall for the lack of sustainable managerial systems. The present paper analyzes the role of cooperates in the society and their several responsibilities.
Inhaltsverzeichnis (Table of Contents)
- Corporates Sustainability
- Benefits of Large Corporations
- Sustainability Management Systems
- Monopolistic Corporations
- Environmental Stewardship
- Social Responsibility
- Economic Responsibilities
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This paper analyzes the role of corporations in society and their responsibilities in achieving sustainability. It examines the benefits enjoyed by large corporations, the importance of sustainability management systems, and the challenges of balancing economic, social, and environmental responsibilities.
- The importance of sustainability management systems in corporate success
- The impact of corporate size on economic and social contributions
- The challenges of balancing economic, social, and environmental responsibilities
- The role of corporations in promoting fair market practices and consumer protection
- The significance of corporate social responsibility and environmental stewardship
Zusammenfassung der Kapitel (Chapter Summaries)
- Corporates Sustainability: This section introduces the concept of corporate sustainability and highlights the vital role corporations play in society, particularly in the US economy. It emphasizes the importance of balancing economic, social, and environmental responsibilities for corporate success.
- Benefits of Large Corporations: This section explores the advantages enjoyed by large corporations, including economies of scale, job creation, and contributions to charitable organizations. It also highlights the impact of corporate size on their ability to contribute to the well-being of people and the economy.
- Sustainability Management Systems: This section focuses on the crucial role of sustainability management systems in ensuring corporate success. It emphasizes the importance of balancing environmental stewardship, social well-being, and economic aspects for sustainable growth. Examples of successful companies that have implemented effective sustainability policies are provided.
- Monopolistic Corporations: This section examines the concept of monopolistic corporations and the government regulations aimed at ensuring fair competition and consumer protection. It highlights the potential for market distortions and the need for ethical business practices.
- Environmental Stewardship: This section discusses the environmental responsibilities of corporations and the challenges of mitigating the negative impacts of business activities on the environment. It emphasizes the importance of sustainable practices and the growing consumer demand for environmentally conscious companies.
- Social Responsibility: This section explores the social responsibilities of corporations, including fair treatment of employees and consumers, and involvement in community projects. It highlights the importance of ethical business practices and the positive impact of corporate social responsibility on stakeholders and the community.
- Economic Responsibilities: This section focuses on the economic responsibilities of corporations, such as paying taxes, honoring promises to shareholders and employees, and supporting fair and ethical business practices. It emphasizes the importance of transparency and accountability in corporate financial dealings.
Schlüsselwörter (Keywords)
Corporate sustainability, sustainability management systems, economic responsibility, social responsibility, environmental stewardship, monopolistic corporations, fair market practices, consumer protection, ethical business practices, corporate social responsibility, environmental impact, stakeholder engagement, corporate governance.
- Quote paper
- Prof. James Mageto (Author), 2017, Corporates Sustainability. An short overview, Munich, GRIN Verlag, https://www.grin.com/document/369483
