MGMT10002 Lecture Notes - Lecture 11: Triple Bottom Line, Sunk Costs, Protecting Group

• School: University of Melbourne
• Department: Management
• Course: MGMT10002
• Professor: Vanessa Pouthier

Document Summary

The obligation of organisational management to make decisions and take actions that will enhance the welfare and interests of society as well as the organisation. Case for and against csr early debate. Many organisational leaders opposed csr when it was first introduced. Businesses have the financial and human resources to support public and charitable projects that need assistance. Study argues socially responsible companies tend to have more secure long-run profits. Question the motivation of employees and how much they do. Often have the resources but only invest minimal. Corporations use csr to ward off government regulations (e. g. ) Pepisco and coca-cola are sing a form of "decoupling" Many socially responsible actions don"t cover their costs. Business leaders don"t have skills to address social issues. Csr requires consideration and balancing of stakeholders" needs and interests. Organisations can use stakeholder mapping to identity the stakeholders" needs/expectations. Open, dialogical view of stakeholder engagement is an indicator of genuine/strong commitment to csr.