Home | Play DC (vB2) | Rules | Versions | Rewards Program | Sponsors | Java Junkie | Other Games | My Bookmarks | Log In | Register

Communication & Corporate Social Responsibility

1
Submitted by Sherie Reuter | RSS Feed | Add Comment | Bookmark Me!

In the past few years, the anti-corporate movement (including those opposed to globalization) has gained a bit of steam.

What many people in the movement promote now is called Corporate Social Responsibility (CSR), the idea that corporations should be responsible to all of society and the environment, as well as to shareholders.

It's a shame they've gained momentum. After all, without modern corporations we would all be poorer, and in particular, few of us could expect to retire comfortably. More than anything else, modern corporations exist to provide pension income.

Sure, corporations used to be owned by a few, extremely rich people. But, with the widespread adoption of pension funds and mutual funds, corporations now belong mostly to working people.

While it's true the average working person has far, far less wealth than the average billionaire, there are many, many times more working people. That means company and government pension plans can invest vast sums of money into capital stock, making working class people the largest shareholders of many corporations.

From a communication perspective, I'm interested in knowing why Corporate Social Responsibility gets such good media coverage and so much attention. I'm also interested in knowing what we, as communicators, can learn from them.

For starters, the anti-corporate movement has a simple message: "Corporations have too much money and power; working people don't have enough," or some variation on that theme. On the other hand, my defence of corporations above is anything but simple, even though I'm pretty good at capturing ideas in words. Did your eyes glaze over as you read my description?

The 'anti' movement also enjoys the luxury of making a good (poor working people) versus bad (rich corporations) argument. That's a moral argument, one that adds spice to any news story. On the other hand, the 'pro' side works largely with rational discourse and the ideas of economists.

Third, the protestors bring passion to the anti-corporate message. After all, this is a battle of good against evil, isn't it? Again, the defenders of modern corporations and globalization have to rely on the prosaic science of economists.

Fourth, the label 'Corporate Social Responsibility' also helps the anti-corporate movement. Not only does the name act as a unifying point for its advocates, but it also implies that CSR is a good thing. After all, who could be against 'social' and 'responsibility'?

Now, despite their high media profile and ubiquitous presence, the advocates of CSR have a problem. They may be able to win the attention of reporters and editors, but they haven't had much clout with the real decision makers, the people who run companies, pension plans, and mutual funds.

And, the decision makers aren't likely to be swayed. They understand the role of corporations, and they know where their responsibilities lie. Even widespread public sympathy for CSR isn't likely to have much effect, since they report to shareholders, not to society as a whole.

So, perhaps the final lesson we'll take from the anti-corporate movement today is that, sometimes, great communication can only take you so far by itself.


Welcome!

Search Dungeon Chess


Associated Articles:
Trading The 401k Portfolio - Part II - Retirement plan investment portfolios are managed to produce the promised income; 401k plans make no...
Market Cycle Investment Management Thinking - Whatever happened to the Stock Market Cycle; the Interest Rate Cycle; Baby Jane? How did Wall Street...
Ten Investment Strategy Articles - Risk is compounded by ignorance, multiplied by gimmickry, and exacerbated by emotion. It is halved w...
New 401k Approach Focuses on Income Production and Correction Preparation - 401(k) Savings Plans are great opportunities to build wealth, but they are not guaranteed pension pr...
Create a Pension Plan Within Your 401(k) - 401(k) Savings Plans are great opportunities to build wealth, but they are not guaranteed pension pr...
Trading The 401k Portfolio - Part I - Most 401k investment menus encourage speculation by providing varieties of capitalization, sector, c...
Let's Make 401k Plans Behave More Like Retirement Plans - Although it is true that you do not pay taxes on your contributions during the earning years, you wi...
Life Cycle Portfolios Deliver Pension-Like Benefits: Free Webinar - Mutual Fund managers can't beat the averages because the managers must do what unit holders tell the...
A Conservative's Liberal Plan To Transform Social Security - A Social Security Retirement Income Annuity, or SSRIA, invested 70% or more in government (all level...
Retire Social Security Debt and Save The Economy --- What If? - What if the US Government sold the Social Security system/employees/buildings/DEBT/etc. to Insurance...