Comparing and contrasting roles of corporations, government, and local communities in social responsibilities and competitiveness.

The corporation, government, and local communities play crucially important role in enhancing the social responsibility and competitiveness. All their activities are interrelated and create the holistic result in the society touching economic, environmental and social domain.

The corporation or business entity basic responsibility steams in delivering their product and service at their best, i.e. qualitative products at a competitive price. Treating their employee fairly and in a democratic manner and maintaining books of accounts transparently and paying taxes to the government, being not involved in any adultery and black marketing is also important. If the business entity does not come across this responsibility, it will decline the social welfare and wellbeing of the community and will decrease its competitiveness. Elizabeth Holmes, CEO of “Theranos” a Silicon Valley startup promised to revolutionized  blood testing, she stated the false statements to lure the investor and raised over $700 million and the company is now paying it badly, she is federally charged with lawsuits (BBC, 2018) and the company is liquidated

The government plays a regulatory, guardian and watchdog role. And its role should be pervasive through the country. The government brings various rule, regulation, laws, and policies for the capacity enhancement, i.e. industrial policy, tax laws, literacy police et cetera. It has to be equally sensitive and inclusive for all the citizen of the country. Should focus on raising awareness, improve transparency, foster social investment et cetera. The collected tax should be used in the transparent and uncorrupt manner and have to penalize if anyone goes acts the rule of law. European country Finland score global image for caring its citizen and expats, its education system is best ranked in the world and is the least corrupt country of the world. A careful and responsive government foster social justice, reduces social discrimination, reduces poverty and makes its citizen happy. Venezuela, the country with the largest oil reservoir, is economically down, the hyperinflation has crippled the life of people. Medicines, daily consumable goods are in shortage, 2.3 million people have left the country since 2004 (BBC, 2018). The lack of government foreign affairs policy and unfriendly relation with the global political and trade arena has brought extreme sanction. This has led to decrease the living condition of its people, had created social injustice, increased poverty and mortality rate has increased.

Most of the time, it is seen that the burden of the CSR and sustainability along with social responsibility is only seen in the corporation and government but for the successful flow of the CSR it has to be reciprocated by the community and its dwellers. The responsiveness from the community alerts the corporation and government to be accountable for their deeds. Individual Social Responsibility (ISR); an act of individual becoming responsible in his/her actions is also a fundamental of CSR. If the women empowerment has not been a case in this modern corporate society, “Metoo” had not been ignited. Most of the time, the company want to end up in CSR alone and does not want to be socially responsible (Thiel, 2016), the community should raise their voice. “PETA”, an American animal rights organization raised its voice against the inhumane treatment for animals, they strongly protested the China dog killing tradition. Group Against Smog and Pollution (GASP), is a non-profit citizen group in southwestern Pennsylvania working for the sustainable and healthy environment. It is a diligent watchdog, a lobbyist on many environmental issues.

Corporations, government, and local communities should be equally socially responsible as it brings the competitiveness and responsiveness. If a domain falls short then, this triangularity won't be harmonized.

Bibliography

BBC. (2018, August 22). How Venezuela's crisis developed and drove out millions of people. Retrieved from www.bbc.com: https://www.bbc.com/news/world-latin-america-36319877

BBC. (2018, March 14). Theranos founder Elizabeth Holmes charged with $700m fraud. Retrieved from www.bbc.com: https://www.bbc.com/news/business-43406050

Thiel, M. (2016). The Social Domain in CSR and Sustainability: A Critical Study of Social Responsibility among Governments, Local Communities and Corporations. New York: Routledge.