Civil auberge also plays a role in constraining corporate behavior that reduces social welfare, acting as a watchdog and advocate. Various nonprofit organizations and movements provide a voice for a wide variety of social, political, environmental, ethnic, cultural and companionship interests.
The Rainforest Action Network, for example, is an organization that agitates, often quite effectively, for environmental protection and sustainability. Its website states, Our campaigns leverage public opinion and consumer pressure to get the public stigma of environmental destruction into a seam nightmare for any Ameri female genitals company that refuses to adopt trusty environmental policies. Thats quite a different flack from trying to convince executives that they should do whats best for society because its the right thing to do and wont hurt their bottom line.
Overall, though, such activism has a mixed route record, and it cant be relied on as the ancient mechanism for imposing constraints on corporate behaviorâ€" particularly in most developing countries, where civil society lacks equal resources to exert much influence and there is insufficient sense of public issues among the population.
Self-Control
Self-regulation is another alternative, but it suffers from the same drawback as the supposition of corporate social responsibility: Companies are unlikely to voluntarily act in the public interest at the depreciate of shareholder interests.
But self-regulation can be useful. It tends to promote intelligent practices and target specific problems within industries, impose lower conformity costs on businesses than government regulation, and offer quick, low-cost dispute-resolution procedures. Self-regulation can also be more flexible than government regulation, allowing it to answer more effectively to changing circumstances.If you want to get a full essay, order it on our website: Ordercustompaper.com
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