ACTG 2010 Lecture Notes - Lecture 6: Invisible Hand, Socially Responsible Investing, Trans Fat
12 Jul 2016
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Chapter 2 corporate citizenship, social responsibility, responsiveness, and. The corporate social responsibility concept ( csr) consider your actions not just as a self-interest but also actions that will affect society as a whole because your actions should reflect the way society is affected by it . The growth of csr concept performs by looking at the obligations, actions and outcomes) Businesses don"t only have to pursue their own self-interest to make a profit; they should consider csr as well. Historically; adam smith viewed csr as the invisible hand your self-interest could benefit society as a whole. Presently; we look at the stakeholder model and the more stakeholders we analyze ( primary and secondary) the more we realize that we have csr. The csr model was seen in practice in these 3 areas ( philanthropy, community obligation and paternalism) Before mention csr in the economy ; corporations still showed some characters of.
