NYSEGs Corporate Responsibility Essay Example | Topics and Well Written Essays - 500 words

NYSEGs Corporate Responsibility - Essay Example This altruistic program conforms to Milton Friedman and R. Edward Freeman’s concept of attempting to satisfy the profits needs of the company as well as the social responsibility needs of the employees and other stakeholders. This shows that the company is not only concerned with maximizing profits from its operations but it also has a duty to be socially responsible to the people in the environment in which it is operating from. Friedman states that the executives of the company ought to operate profitably while at the same time fulfilling the needs of the stakeholders impacted by its operations. In this case, it can be observed that Project Share is designed to appeal to the customs laws or public policies which require the companies to give back part of their profits to the members of the society in which they operate. This program does not interfere with the operations of the organization since there are responsible people who handle issues related to donations of funds to different people while the managers in the company are expected to focus on their core business of generating profits for the firm. But I believe that NYSEG uses this program as a marketing gimmick where it seeks to maximize profits in the guise of corporate social responsibility citizenry. The customers and stakeholders are very important for the survival of the company according to the stakeholder theory advanced by Edward Freeman. All stakeholders including employees, managers, customers among others must be treated as valuable asserts.