ADMS 1000 Chapter : AA.Session 3 Societal & Labour.F12.ppt
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What are key social challenges regarding the. 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. Csr is: the obligation of decision makers to take actions which protect and improve the welfare of society as a whole along with their own interests. 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. society i. e. ethical responsibilities to. Examples of csr: 3m & health of employees, merck pharmaceutical & river blindness. Corporate social responsibility: the social responsibility of business encompasses the economic, legal, ethical and discretionary (philanthropic) expectations that society has of organizations at a given point in time (carroll, 1979), a pyramid of responsibilities! Be profitable (adapted from karakowsky, carroll, bucholtz, 2007)