ETHC 3P82 Study Guide - Final Guide: Corporate Social Responsibility, International Finance Corporation, Business Ethics
21 Jan 2017
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Attributing something as a cause for an event or action. Attributing liability or accountability for some event or action, creating an obligation to make things right again. Actions for which a business can be held accountable. To be concerned with society"s interests that should restrict or bind business"s behavior. What a business should or ought to do for the sake of society, even if this comes with an economic cost associated with it. Social responsibility: giving back to the community; having a positive affect on the community, developing safe products, fair benefits and ages, environmental sustainability; looking at future generations. Three different types of responsibilities, on a scale from more to less demanding or binding: responsibility not to cause harm to others. Obligation, is a must and is most demanding: to prevent harm even in those cases where one is not the cause. ie. product safety laws.
