MGMT 1000 Chapter Notes - Chapter 5: Corporate Social Responsibility, Organizational Culture

• School: Dalhousie University
• Department: Management
• Course: MGMT 1000
• Professor: David Stuewe

Document Summary

Understand what it means to be a socially responsible manager. Describe how managing responsibly contributes to organizational performance. Social responsibility: can be focused solely on profit-making or pursuing further to improve socio-economic conditions. Social obligation: organizations engaging in social actions because of economic and legal responsibilities. Classical view: management"s only social responsibility is to maximize profits, focused only on concerns of shareholders. Socio-economic view: management"s social responsibility goes beyond profits, works to protect and improve society"s welfare. Social responsiveness: organization engaging in social actions as a response to a popular social need. Social need: a need of a specific part of society caused by factors such as: social/mental disability, language barriers, cultural/social isolation. Social responsibility: business goes beyond its legal and economic obligations to ensure they are doing the right things and acting in obligations to ensure they are doing the right things and acting in ways to better society.