APA 2134 Chapter 1: Corporate Social Responsibility

• School: University of Ottawa
• Department: Human Kinetics
• Course: APA 2134
• Professor: N/ A

Document Summary

The corporate belief that a company needs to be responsible for its actions socially, ethically and environmentally. Form of corporate self-regulation integrated into a business model. A business must monitor, ensure its active compliance with the spirit of the law, ethical standards, and international norms. The company takes ownership for its actions. Has to monitor and answer to its quality of management (employees satisfied, stakeholders, press releases etc. ) Improve and monitor its impact on society (eco-friendly, carbon footprint, ethically in community, workplace harassment, marketplace equality) Companies need to answer to two aspects of their operations. The quality of their management - both in terms of people and processes (the inner circle). The nature of, and quantity of their impact on society in the various areas. Howard bowen (1953) the social responsibilities of the businessman. Firms are part of a social institution that shape economic outcomes, and these firms must consider their social impact of business activity.