Preview

business Government and Society Chapter 2

Satisfactory Essays
Open Document
Open Document
642 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
business Government and Society Chapter 2
Corporate Social Responsibility is essentially about doing good and doing well.

It generally refers to the process of integrating social values and mission within business decision making, to achieve positive and sustainable outcomes towards business, environment and the community at large.
Concept of CSR includes specific issues
Product safety
Honesty in advertising
Affirmative action
Employees rights
Affirmative action
Environmental sustainability
Ethical behavior
Difference btw illegal and unethical behavior
Eg: Buffet: wasted food.
Glob csr

Corporate Citizenship Concepts
Corporate Social Responsibility  Obligation  accountability
Corporate Social Responsiveness  Action activity
Corporate Social Performance  outcomes results

Business criticism/ social Responsibility cycle

4-part definition of CSR
Sustainable stakeholder model
The Social Responsibility of business encompasses the economic, legal, ethical and discretionary ( philanthropic) expectations that society has of organizations at a given point of time.
Economic Responsibilities
Business employs many management concepts that are directed toward financial performance of the organization
Economic sustainability
REQUIRED of biz by society
Profitable
Max sales, min costs
Strategic decisions
Legal responsibilities
Reflect spciety’s view of “codified ethics” in the sensethat they embody basic notions of fair practices as established by our law makers
Biz’s responsibility toward society to comply with these laws
Do not embrace the full range of behaviours expected of biz by society
Law is unable to address all issues that biz may face
Law often lags behind more recent interpretationsof what is considered appropriate behavior
Laws are made by lawmakers and may reflect the personal interest and political motivations of legislators rather than appropriate ethical justifications.
Laws are essential but not adequate
REQUIRED of biz by society
Obey

You May Also Find These Documents Helpful

  • Good Essays

    The legislation of ethics is not just a modern occurrence, but the feeling that an individual can do so is debatable. Just because an individual keeps the letter of the law, does not necessarily make him or her ethical. Graham (1995) argues that ethical decisions come not from those in authority (of which is the law), but are “independently arrived at principled beliefs that are used creatively in the analysis and resolution of moral dilemmas” (p. 47).…

    • 766 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Mt302 Unit 1

    • 719 Words
    • 3 Pages

    While business organizations have a responsibility to both shareholders and employees it seems as though some organizations focus primarily on the shareholders, with employee welfare left for last. Business organizations have a corporate social responsibility, meaning that the businesses must consider all stakeholders in each business decision. The four aspects of corporate social responsibility that each…

    • 719 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Est1 Task 310.2.1-05

    • 633 Words
    • 3 Pages

    Business organizations today are socially and ethically responsible for doing the right thing, exercising good judgment in their business activities with employees, stakeholders, customers and the community. Business organizations emphasis should not only be on profits, but also on how business decisions impact society.…

    • 633 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Business ethics will mean many things to different people. Words that might come to mind in association with hearing discussions about ethics might be morality, judgement, principles, values, and standards. It’s not the law binding someone to behave ethically, but more a moral compass to decide right from wrong. Social responsibility are related to ethical behavior in that it being concerned with maximizing profits to an organization without negatively impacting the environment. Company Q did excel in their ethical behavior, but failed on their social responsibility.…

    • 536 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Why do companies need to have ethical and social responsibilities? First let’s look at what business ethics and social responsibilities…

    • 2447 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Home Depot Mission Statement

    • 4262 Words
    • 18 Pages

    Corporate Social Responsibility is a business plan and sometimes refers as corporate responsibility. This business model describes the social responsibility of corporations towards the society and environment. Corporate Social Responsibility concept has been used by many businesses as it encourages community growth and development. In addition, it allows a number of corporations to voluntarily reduce harmful activities in the society.…

    • 4262 Words
    • 18 Pages
    Powerful Essays
  • Best Essays

    Before undertaking a deep discussion on this subject, it will be helpful to offer a definition of “social responsibility,” which is “the obligation corporations, organizations, and individuals have to society” (Stengel, 2010).…

    • 4449 Words
    • 127 Pages
    Best Essays
  • Good Essays

    These social responsibilities are those that are voluntarily assumed by a business or organization. They include public relations activities, good citizenship, and full corporate social responsibility.…

    • 1129 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Friedman, M. F. (n.d.). The social responsibility of business is to increase its profits. In A. Allhoff & A. Vaidya (Eds.), Business in Ethical Focus: An Anthology(pp. 65-69). Peterborough: Broadview.…

    • 2229 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    The Penny

    • 1962 Words
    • 8 Pages

    social responsibility, an organization's obligation to maximize its positive impact on stakeholders and to minimize its negative impact. Philosophers increased their involvement, applying ethical theory and philosophical analysis to structure the discipline of business ethics. Companies became more concerned…

    • 1962 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    Chapter 2 Outline

    • 422 Words
    • 2 Pages

    In our society ethical values frequently become law and that legal regulation can reflect society’s ethical values.…

    • 422 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    In underscoring the importance of social responsibility Hollender and Breen (2010) point out that in today’s world the society has become a ‘virtual’ licensor for businesses in operation. It has therefore become increasingly important to win the approval of the society: that has become the prerequisite for business survival and therefore a prescription for success since it paves the way for business organizations to begin producing stellar economic and social goods. (p. 9)…

    • 1301 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Laws are continuously changing and being challenged over time, where as ethical standards transcends time, and have become embedded in the traditions of the United States. Laws have been proven to be wrong in the past, as seen through slavery, child labor laws, and denying women their basic rights; however, by challenging those laws on their ethical grounds, they have since been amended. To ensure people continue to do what is right, the ultimate standards we should continue to follow are ethical, because as seen above in the cases, the law is not always fair, or in some cases…

    • 654 Words
    • 3 Pages
    Good Essays
  • Best Essays

    The Constitution and Ethics

    • 3565 Words
    • 15 Pages

    Governments enact laws to keep society running smoothly and to control behavior that could threaten public safety. For instance Laws has also been used as a mechanism for social change; for instance, at various times laws have been passed to inhibit social discrimination and to improve the quality of individual life in matters of health, education, and welfare.(ii)…

    • 3565 Words
    • 15 Pages
    Best Essays
  • Good Essays

    This document is a compilation of the BGS Summaries painstakingly put together by a handful of students of the PGP 2009-2011 Section E. Hope this is enlightening to…

    • 17383 Words
    • 70 Pages
    Good Essays