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ADM1101 –SOCIAL CONTEXT FINAL REVIEW Notes

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Department
Administration
Course
ADM1101
Professor
All Professors
Semester
Winter

Description
ADM1101SOCIALCONTEXTFINALREVIEWCorporateSocialResponsibilityThedegreeofmoralobligationthatmaybeascribedtocorporationsbeyondsimpleobediencetothelawKilleulanKooitstraThewayacorporationachievesbalanceamongstitseconomicsocialandenvironmentalresponsibilitiesinitsoperationsandotherstakeholderexpectationsKeyElementsofCSRresponsibilitiesbeyondtheproductionofgoodsandservicesinvolvehelpingsocialproblemsbroaderthanjuststakeholdersimpactsmorethanjusttransactionsCSRCounterargumentsbusinesseslacktraininginsocialissuesincreasesoperatingcostsnoreliableguidanceforCSRissuesSocialResponsibilityTheories1Amoralviewtraditionalviewofbusinessasmerelyaprofitmakingentity2Personalviewcorporationsarelikepeopleandcanthereforebeheldaccountablefortheiractions3SocialViewcorporationsaresocialinstitutionswithsocialresponsibilitiesPyramidofCSRArchieCarrollSociallyResponsibleBeagoodcitizenPhilanthropicDesiredBeethicalEthicalExpectedObeythelawLegalRequiredBeprofitableEconomicRequired
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