Social Responsibility Theory - 1420 Words

Social Responsibility Theory To combat the pressures that threatened freedom of the press, this theory was first introduced in 1947 and was recommended by the Hutchins Commission on Freedom of the Press. It stated that the media should serve the public, and in order to do so, should remain free of government interference. It defined guidelines that the media should follow in order to fulfill its obligation of serving the public. Ethics and the Media The Social Responsibility Theory claimed that the media could be self-regulating by adhering to the following precepts: †¢ Media has obligations to fulfill to a democratic society in order to preserve freedom. †¢ Media should be self-regulated. †¢ Media should have high†¦show more content†¦Due for publication in 2010, this standard will encourage voluntary commitment to social responsibility and will lead to common guidance on concepts, definitions and methods of evaluation. (ISO, 2009) The standard describes itself as a guide for dialogue and action, not a constraining or certifiable management standard. Social Responsibility |[pi|Practiced in the US in the 20th century | |c] | | |[pi|Purpose is to inform, entertain, sell, but also to raise conflict to the plane of discussion | |c] | | |[pi|Ownership is private | |c] | | The social responsibility theory is an outgrowth of the libertarian theory. However, social responsibility goes beyond objective reporting to interpretive reporting. A truthful, complete account of the news is not necessarily enough today, notes the Commission on the Freedom ofShow MoreRelatedTheories Of The Social Responsibility Theory863 Words   |  4 PagesMany theories that are postmodern theories are related to reality in mediated communication than most of the modern global theories. According to Kamalipour (2006), â€Å"One of the earliest attempts to think about media internationally was a book published in the 1950s entitled Four Theories of the Press (Siebert, Peterson, Schramm, 1956). Its authors set out to create what is sometimes called a taxonomy, which means dividing up all the various versions and aspects of a topic into systemic categoriesRead MoreObjectivity And The Social Responsibility Theory936 Words   |  4 PagesPart I: Objectivity in journalism is claimed by many media sources yet is one of the hardest things to find when searching the news. An objective view in journalism associates itself with the social responsibi lity theory, in which a person must provide a variety of views for a piece of information given to the public (Grossber 383). While many journalists may claim they are objective, this type of communication to the public is difficult to achieve, as a natural bias develops within a person fromRead MoreSocial Responsibility And Shareholder Theory808 Words   |  4 Pagescorporation is extracted from society a certain income, they therefore obliged him to pay. What is a social responsibility of business today? What should do executives only satisfy shareholders or they have also obligations to society? One of the most famous studies about social responsibility and shareholder theory presents in the article of economist Milton Friedman named â€Å"The Social Responsibility of Business Is to Increase Its Profits†, which has been published in 1970n. In this article authorRead MoreSocial Responsibility in Stakeholder Theory1509 Words   |  7 Pages 2. Social responsibility in stakeholder theory 3 2.1 Why social responsibility? 3 3. Limitations 4 4. Case study examples: Starbucks amp; Nike 4 5. Conclusion 5 6. References 6 7. Appendixes 9 Appendix A 9 Appendix B 10 1. Introduction This report focuses on social responsibility issue focusing on stakeholder theory. Social responsibility will be introduced and defined based on stakeholder theory. Next, analysis on the importance and limitations of social responsibility willRead MoreThe Theory Of Corporate Social Responsibility7407 Words   |  30 Pagesaccountability beyond the standard agency theory (limited liability of shareholders for the company’s violations or breach and the company’s main accountability being towards its shareholders and investors only) to the stakeholder theory (company’s accountability towards a broad range of stakeholders, including employees, environment and local communities). The abovementioned stakeholder theory became central to the theory of corporate social responsibility in many areas, but above all, in the areaRead MoreThe Theory Of Social Responsibility1673 Words   |  7 PagesThe pattern of social responsibility will be demonstrated in this paper by noting a couple inquiries encompassing the thought and routine of social responsibility. The paper will start with characterizing the idea of social responsibility and noting the accompanying inquiries: What does Cohen feel is the social responsibility of a business to its workers, stakeholders, and society as a whole? How does this perspective align with that of Drucker? How does Cohen’s opinion compare with that of FriedmanRead MoreMedia Ethics, The Authoritarian Theory And Social Responsibility Theory Essay1076 Words   |  5 Pagesand its responsibilities, in this paper I am going to have a debate about the responsibilities of the media to the public and how we should be watchful of the information we taking part in. There is two main theories in media ethics, the authoritarian theory and Social responsibility theory. The authoritarian theory press was seen as a very controlling tool, and those in authority used it to convey only that information that they wanted the public to know. Social responsibility theory of mediaRead MoreEthical Theories And Corporate Social Responsibility1853 Words   |  8 Pages 4.0 Ethical Analysis In this section, I will explain traditional and contemporary ethical theories, corporate social responsibility, governance and leadership, sustainability, globalisation, managing business ethics and the impact of changing business environment on corporate social responsibility. 4.1 Traditional Contemporary Ethical Theories and Corporate Social Responsibility Corporate Citizenship Traditional ethic starts from ancient Greeks to the ethics of Christianity. It supposes thatRead MoreShareholder Wealth Maximization And Corporate Social Responsibility Theories1955 Words   |  8 PagesViewpoints Of Shareholder Wealth maximization And Corporate Social Responsibility Theories â€Å"Sell a stock rather than try to change the company’s policy.† Introduction Are the goals of globalization, the primary driving force for international economic and financial development, best supported by the paradigms of shareholder wealth maximization or do they match the ideas of corporate social welfare as exemplified by Catholic social teaching? Globalization in the modern day is impacting each andRead MoreEssay on Friedman vs Freeman827 Words   |  4 Pagessuch questions. The first one is Milton Friedman’s shareholder theory of management and the second one is Edwards Freeman’s â€Å"Stakeholder† theory of management, two different views about the purpose and aims of a business. Milton Friedman’s shareholder theory of management says that the purpose of a business is to make money for the owner or the stockholders of the business. Friedman says that there is only one social responsibility for the business: to use its resources in order to increase its