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So, what should Herman Singer do and why? Herman Singer has to take several issues into considerations in whether or not he should rebuild the factory or retire on his insurance proceeds. There are several issues that Singer needs to look at before making his decision. The first issue is the Corporate Social Responsibility (CSR). The Corporate Social Responsibility is where one considers the impact on the company’s action on society. Within CSR, you have four responsibilities, economic, legal, ethical and philanthropic. Herman Singer need to take a look at all these to make for sure that the action that his is going to take is an economic, legal, ethical and philanthropic approach in regards to his corporation and society...
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