Business Essay Example | Topics and Well Written Essays - 1000 words - 7

Business - Essay Example The decision of the body will be rested in the hands of the owner and the government or the legislative body of the state. However, many companies fail to follow interests of the last two components of the corporate law which are the citizens and the nation as a whole, its integrity, environment and culture. The trend of globalization has further intensified the competition in the business world, where each company tries to overpower other by whatever means available. Thus, in this race for power and money, it is the local people who become the victim of lies, cruelty and cunningness of companies’ money oriented intentions and plans (McFarland, 2004). This paper is an attempt to illustrate the real essence of Corporate Social Responsibilities (CSR) and how and which companies have violated it for their self interests. For the paper argument, the Canadian documentary film â€Å"The Corporation† by Joel Bakan is made the prime source (Bakan, 2012). Example of Companies 1. Johnson & Johnson J&J is a renowned brand of cosmetics, shampoo and skin lotions. The company is one of the trend setters in the cosmetics world hiding which hides the danger behind their â€Å"good for skin† products due to the brand reputation (CBS NEWS, 2012). The products of the J&J Company have been found to contain a diluted amount of Carcinogen Formaldehyde in their baby shampoos. In their effort to create a brand new image of a baby shampoo, they came up with an idea of â€Å"No More Tears† to attract their customers. From a customer point, it can be regarded as a great innovation in baby shampoo, but on the cost of healthcare issues (Mercola, 2011). Carcinogen Formaldehyde is one of the materials that can risk to Cancer in the later stages of life. This chemical is also present in their adult products and raises the question of whether their products are actually made for the benefit of people or just for their own benefits (NCI, 2011). However, after been fo und guilty by the Health and Environment Group, the company announced to remove those materials from its products by 2015. These factors leaves the questions that if products of the most famous company which are launched after great research are not safe, can the other products be trusted? (CBS NEWS, 2012) 2. Hershey Hershey is the largest chocolate producing company with worldwide recognition and consumers. It is evident that sales of the company is incomparable to sales of an average company, but still the greed for money cannot be ever satisfied (Hsu, 2012). Hershey Company has been recently indicted by utilizing child labor of Africa, for their cocoa harvesting and refining. The corporate government laws and those of International Labor Organization clearly states that child labor is an act of injustice and should be practiced anywhere in the world (Huff Post Business, 2012). Practices of child labor in the underdeveloped regions show their poverty and strive to earn their livel ihood. However, if the same practice is supported by giant business personnel and organizations like Hershey then it is a clear sign of immorality and easy measure to get low cost labor (Hsu, 2012). 3. KFC KFC is another big name when talking of corporate giants. It is the world’s leading fast food chain with its specialty in fried chickens. It is suspicious that how they fulfill the growing demand of chicken food items throughout the world, with the limited number of farming