MGT 3031 Lecture Notes - Malden Mills, The Body Shop, Corporate Social Responsibility
Document Summary
Video: world economic forum, stephen harper speech. Corporate social responsibility: obligation to protect and improve the welfare of society along with their own interests, more than making a profit and obeying the law, carroll"s model. Why do we need csr: can"t anticipate events, the law is often slow to respond, and cannot be relied on to enforce everything, laws are pluralistic outcomes compromises not ideal. Negative consequences of csr: social issues are not the main concern of business. Profits could be going to shareholders: managers don"t have the social expertise, dilutes primary mission of business. Efforts are diluted to csr: why give business more power, makes business less competitive in global markets. Positive consequences of csr: best long-term interest is business (this is their world too), ward off government regulation and intervention. Better to do them first, then to be compelled and obligated to: business has resources (4032$ & people)
