MGX3100: Is identifying and managing stakeholder interests with the overriding aim of profit maximisation all that can reasonably be expected of the socially responsible corporation? If so, why? If not, why not?

Module / Subject / School:

MGX3100

Requirements: 

ESSAY TOPIC

Is identifying and managing stakeholder interests with the overriding aim of profit maximisation all that can reasonably be expected of the socially responsible corporation? If so, why? If not, why not? Identify and utilize the different theories of Corporate Social Responsibility in framing your response. Please use the following prompts as a part of your answer.

1. Critically analyse those theories of Corporate Social Responsibility. Critical analysis means – explain, compare, discuss their implications/limitations – 10%
2. Provide a (ONE) real-life example (a company’s case) to support your opinion – 10 %

Note: You must discuss the real life example with your tutor to make sure that it illustrates CSR issues.

The structure of the essay can include the following:

1. Introduction

• Purpose of the essay
• Outline of the essay

2. Body/Discussion

• This section can have sub-headings as you wish (may use the suggested prompts).

3. Conclusion

• Summary of what you have discussed in the previous sections and the conclusion drawn henceforth.

What we score:

76%

Our Writer’s Comment 

This assignment is designed to assess students’ understanding of business practices.

To secure an A+ grade, adhere to these guidelines and make sure your work aligns with the grading criteria:

1. Introduction:

Start strong by being clear and focused. You want to introduce what CSR (Corporate Social Responsibility) is and set the stage by explaining why the topic of managing stakeholder interests vs. profit maximization is important. A good tip here: provide a balanced overview right from the start. You don’t want to sound too biased at the beginning. The introduction should outline what you’ll cover in the body—this gives your essay a logical flow.

2. Body/Discussion:

Here’s where the magic happens, and I’d suggest you focus on these things:

• Theories of CSR: Dive into the different CSR theories. Explain each one clearly, but remember—don’t just describe them. Critically analyze them. This means explaining their strengths and weaknesses. For example, you might say, “While the shareholder theory focuses on profit maximization, it can be criticized for neglecting long-term societal impacts.” Use comparison and highlight implications of each theory. Why do some work better than others in different contexts?
• Real-life Example: Choose a company that clearly demonstrates CSR in action. A well-known case would work here, like Patagonia or Unilever. You’ll want to connect their strategies back to the theories you mentioned earlier. Be sure to discuss this example with your tutor, as the instructions suggest. A good strategy is to demonstrate how their approach reflects a balance (or not) between profit maximization and managing stakeholder interests.

3. Conclusion:

Summarize the key takeaways. What did you learn from analyzing those CSR theories and the real-life case? The conclusion should clearly answer the essay question—is it all about profit, or is there more to CSR? Reaffirm your stance with confidence, but be careful not to introduce any new ideas here.

Tips to improve:

• Critical analysis: Since it’s worth 10%, make sure every theory is discussed in-depth—look for its limitations. This will give your essay that extra edge.
• Balance theory and example: Weigh the theoretical discussion equally with your real-life example so that the essay feels well-rounded.
• Proofread for flow: Since you scored 76%, you’re already doing great, but a few final checks on grammar and structure can push you into the higher range.

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