PSCI 2601 Study Guide - Final Guide: World Social Forum, World Economic Forum, Multinational Corporation

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Archie b. carroll identified 4 key responsibilities that corporations share. The legal responsibility to abide by the law. The ethical responsibility to engage in just and ethical behaviour. The social responsibility to contribute to the betterment of society. Mostly leftists have been paying more attention to the latter two (employment safety, rules and regulations) formal divisions to the issue. Rightists worry that the first responsibility has been neglected (make da cash flow) Been pressed upon by firms, activists, consumers, and governments. These divisions respond to public concerns and spend time promoting their virtues. Nike and the gap are sweatshop examples. The body shop is a fair trade example or even bridgehead. Now mnc(cid:495)s have a (cid:498)social responsibility section(cid:499) in their annual reports and have devoted. Pesticide scare promote the virtuous organic option. (cid:498)oh no, my ozone layer! (cid:499) (cid:498)try our environmentally friendly, such and such. (cid:499)

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