ADMS 1000 Lecture Notes - Peter Drucker, Collective Bargaining, Visible Minority
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Society: a community/national or group of people with common values, traditions, institutions, activities & interests. Assuming a relationship between business and society connects to notions of. The role of business in society: corporate social responsibility. The obligation of decision makers to take actions which protect and improve the welfare of society as a whole along with their own interests (davis & blomstrom, 1975). Corporate social responsibility (csr) obligations that involve going beyond: the production of goods/services at a profit the requirement of competition, law or custom. To create policies, make decisions & engage in actions that are desirable in terms of the values & objectives of society. The csr pyramid: a stakeholder perspective: economic responsibilities. The csr pyramid: components can be interdependent rather than mutually exclusive. e. g. , serving ethical responsibilities does not necessarily mean that profit (economic responsibilities) will be sacrificed or vice versa.