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.
Table of Contents
1. Corporates Sustainability
1.1 Introduction
1.2 Monopolistic Market Structures
1.3 Environmental Stewardship
1.4 Social Responsibility
1.5 Economic Responsibilities
1.6 Conclusion
Objectives & Core Themes
This paper examines the fundamental role of corporations in modern society, specifically focusing on the critical necessity of sustainability management systems to ensure long-term viability and ethical operations.
- The impact of corporate size and economies of scale on market performance.
- The integration of environmental stewardship within business operations.
- Social responsibility and the treatment of internal and external stakeholders.
- Economic accountability and the importance of ethical compliance with government regulations.
- The balancing act between economic, social, and environmental pillars of sustainability.
Excerpt from the Book
Corporates Sustainability
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.
Corporations are also business entities like many other organizations. Therefore, the benefits like the economies of scale enjoyed by large business organizations are also enjoyed by large corporations. As a result, the end product is affordable because of the low cost of production resulting from big quantity of raw materials hence economies of scale and, diversification of their businesses (Farver, 2013 p.g 17). More so, big corporations employ many people reducing the number and evils of unemployment and also they contribute immensely to the overall economy of a given country. Finally, large corporations are known to contribute to charitable, non-profitable organizations whose responsibilities are for the wellbeing of people.
Summary of Chapters
1. Corporates Sustainability: An introduction to the economic importance of corporations and the critical role of sustainability management systems for corporate longevity.
1.1 Introduction: Provides an overview of how corporate size influences sustainability and the general scope of responsibilities held by large business entities.
1.2 Monopolistic Market Structures: Discusses how single-entity market structures operate and the necessity for government oversight to prevent consumer exploitation.
1.3 Environmental Stewardship: Examines the challenge of business-related pollution and the increasing pressure for companies to adopt environmentally friendly practices.
1.4 Social Responsibility: Highlights the importance of fair wages, safe working conditions, and community engagement as essential components of corporate reputation.
1.5 Economic Responsibilities: Addresses the requirement for corporations to remain transparent, fulfill financial obligations to stakeholders, and avoid illegal activities.
1.6 Conclusion: Summarizes the thesis that corporate success is contingent upon maintaining a balanced approach toward economic, social, and environmental responsibilities.
Keywords
Corporate Sustainability, Economies of Scale, Environmental Stewardship, Social Responsibility, Economic Responsibilities, Monopolistic Market, Stakeholder Management, Business Ethics, Corporate Governance, Sustainability Management Systems, Industrial Impact, Market Fairness.
Frequently Asked Questions
What is the core focus of this publication?
The work primarily explores the role of corporations in society and the essential requirement for sustainability management systems to ensure their survival and success.
What are the primary thematic fields covered?
The text focuses on the three pillars of corporate sustainability: environmental stewardship, social responsibility, and economic accountability.
What is the primary objective of the research?
The objective is to analyze how corporations balance their economic influence with their social and environmental obligations to achieve long-term growth.
Which scientific approach does the author use?
The author uses a qualitative analysis approach, synthesizing existing literature on organizational change and corporate management to evaluate business practices.
What is discussed in the main body of the text?
The body chapters detail market structures, the legal and ethical requirements for environment and social care, and the necessity of fulfilling economic duties to all stakeholders.
Which keywords best characterize this work?
The work is defined by concepts such as corporate sustainability, stakeholder responsibility, economies of scale, and ethical business management.
How does market size affect a corporation's ability to be sustainable?
Larger corporations benefit from economies of scale, allowing for more affordable production, but they also face greater scrutiny regarding their management systems compared to smaller firms.
Why is government intervention mentioned in relation to monopolistic structures?
Government policy is essential in monopolistic markets to ensure fair competition and protect consumers from price fixing and potential exploitation.
What is the link between environmental stewardship and corporate image?
Consumers increasingly favor companies that prioritize the environment; therefore, poor environmental performance negatively impacts a company's reputation and long-term viability.
How are economic responsibilities defined within the context of the book?
Economic responsibilities include paying dues to shareholders and employees, avoiding illegal tax evasion, and acting with transparency to satisfy all involved parties.
- Citation du texte
- Prof. James Mageto (Auteur), 2017, Corporates Sustainability. An short overview, Munich, GRIN Verlag, https://www.grin.com/document/369483
