CHapter 5 Summary
Running Head: Chapter Summary
Chapter 5 Summary
Principles of Management
Mayville State University
Jamal Branco
October 2, 2014
Author Note:
Chapter 5 Summary is being submitted to Professor Robert Johnston on October 2, 2014, by Jamal Branco as part of his studies in Principles of Management at Mayville State University
2 Hours
Social Responsibility Definition and Perspectives
Most companies today are intimately involved in social programs that have no direct connection with the bottom line. These programs include everything from support of the arts and urban renewal to environmental protection and education reform. But like all aspects of social management the act of social responsibility needs to be carried in an effective and efficient manner.
What Does Corporate Social Responsibility Involve?
Corporate Rate Social Responsibility (CSR) - The notion that corporations have an obligation to constituent groups in society other than stockholders and beyond that prescribed by la or union contract.”
Archie B. Carroll believes the burgeoning global economy requires a more encompassing perspective on CSR. Working from the bottom to the top which in global corporation should:
Make a profit consistent with expectations for international business
Obey the law of host countries as well as international law
Be ethical in its practices, taking host country and global standards into consideration
Be a good corporate citizen, especially as defined by the host country’s expectations.
All four responsibilities are intertwined and need to be fulfilled if a global corporation or any company in any situation, for that matter is to be called socially responsible. However in the long term each company needs to satisfy the bottom three levels before exercising philanthropic responsibilities.
What is the Role of Business in Society?
The debate of actual business is a debate that is quite popular. It comes down to the question of is a business an economic entity
Chapter 5 Summary
Principles of Management
Mayville State University
Jamal Branco
October 2, 2014
Author Note:
Chapter 5 Summary is being submitted to Professor Robert Johnston on October 2, 2014, by Jamal Branco as part of his studies in Principles of Management at Mayville State University
2 Hours
Social Responsibility Definition and Perspectives
Most companies today are intimately involved in social programs that have no direct connection with the bottom line. These programs include everything from support of the arts and urban renewal to environmental protection and education reform. But like all aspects of social management the act of social responsibility needs to be carried in an effective and efficient manner.
What Does Corporate Social Responsibility Involve?
Corporate Rate Social Responsibility (CSR) - The notion that corporations have an obligation to constituent groups in society other than stockholders and beyond that prescribed by la or union contract.”
Archie B. Carroll believes the burgeoning global economy requires a more encompassing perspective on CSR. Working from the bottom to the top which in global corporation should:
Make a profit consistent with expectations for international business
Obey the law of host countries as well as international law
Be ethical in its practices, taking host country and global standards into consideration
Be a good corporate citizen, especially as defined by the host country’s expectations.
All four responsibilities are intertwined and need to be fulfilled if a global corporation or any company in any situation, for that matter is to be called socially responsible. However in the long term each company needs to satisfy the bottom three levels before exercising philanthropic responsibilities.
What is the Role of Business in Society?
The debate of actual business is a debate that is quite popular. It comes down to the question of is a business an economic entity