M5A2-Corporate Social Responsability Essay Example | Topics and Well Written Essays - 250 words

M5A2-Corporate Social Responsability - Essay Example I conquer with Hawkins (2006) that the business must appreciate diversity, engage in social initiatives such as philanthropic contributions towards development of the communities and reduce the negative impacts of its operations on the ecological environment. Schwartz (2011) acknowledges that technology plays a critical role in managing business risks, enhancing the reputation of the organization, building employee trust and improving the allocation of resources in the organization. At the same time, communication technologies will enable the organization to establish cordial relations with stakeholders and exploit market opportunities that aim at enhancing the welfare of all stakeholders (Hopkins, 2012). The course has enabled me understand that technology facilitates product innovation thus leading to high quality products that meets the changing needs of consumers and need to conserve the ecological environment through minimization of pollution and wastage of natural resources (Crowther & Aras, 2008). Technology facilitates good governance and safeguard of stakeholder interests especially the suppliers, lenders of capital and the government (Crowther & Aras, 2008). In this case, modern technologies have streamlined the supply chain processes and enabled the companies to easily store and retrieve information that is essential in decision-making. Computer information systems will store information on customer preferences, obligations to suppliers and employee information thus facilitating the fulfillment of the social obligations of the business (Crowther & Aras, 2008). Indeed, I have understood that companies that ignore the social and environmental concerns in their technology will suffer from negative brand image and high employee turnover (Schwartz, 2011). For instance, I agree that technology presents several challenges such as the need to safeguard the health and safety of employees in the production departments and