Government and Society

incorporated Social Responsibility is essentially about doing good and doing well.It by and large refers to the process of integrating sociable values and mission within byplay decision making, to achieve positive and sustainable outcomes towards business organization, environment and the community at large. Concept of CSR includes specific issuesProduct safety Honesty in advertising positive action Employees rights Affirmative action Environmental sustainability Ethical behavior deviation btw illegal and unethical behavior Eg Buffet wasted food. Glob csrCorporate Citizenship Concepts Corporate Social Responsibility Obligation accountability Corporate Social reactivity Action activity Corporate Social Performance outcomes resultsBusiness criticism/ social Responsibility cycle4-part definition of CSR Sustainable stakeholder model The Social Responsibility of business encompasses the economic, legal, ethical and discretionary ( philanthropic) expectations that society has of organizations at a given geological period of time. sparing ResponsibilitiesBusiness employs many management concepts that be directed toward financial achievement of the organization Economic sustainability REQUIRED of biz by society remunerative Max sales, min costs Strategic decisions Legal responsibilities formulate spcietys view of systemize ethics in the mother witthat they embody basic notions of plumb practices as established by our law makers bizs tariff toward society to comply with these laws Do not embrace the full be given of behaviours expected of biz by society Law is unable to palm all issues that biz may faceLaw often lags behind more new-fashioned interpretationsof what is considered appropriate behavior Laws are made by lawmakers and may speculate the personal interest and political motivations of legislators rather than appropriate ethical justifications. Laws are essential but not adequateREQUIRED of biz by society copy all laws, adhere to all r egulationsEthical Responsibilities Embrace activities and practices that are epected or forbid by society even though they are not codified into aw Embody the full scope of norms, standards values and expectations that reflect what consumers, employes, shareholders, and the community involve as fair, just, and consistent with respect for or protection of stakeholders moral rights. moral philosophy/values are the driving forces behind the initial creation of laws and regulations. anticipate of a bizAvoid questionable practices. Do what os fair right and justDiscretionary expectations ( Philantrophic) Reflect current expectaions of biz by the public. Amount and nature of these activities are spontaneous or discretionary, guided only bu bizs desire to quest after in social activities that are not mandated, not req by law, and not generally expected by biz in an ethical sense DESIRED/EXPECTED of biz by societyGood corporate citizen Contribute bear out by providing programs suppor ting community education, health or human function etc Provide for community bet borderent Engage in volunteerismPyramid of CSR Sustainable stakeholder modelEquation Economic Responsibility + Legal Responsibilities + Ethical Responsibilities + Philantrophic Responsibilities = Total Corporate ResponsibilityArguments against CSR FOR AGAINST Enlightened expedience If business is to squander a healthy climate in which to bleed in the future, it must take actions now to verify long term viability Long term viability is the pri driver in the current concern for sustainability. Warding absent government RegulationsAbility to ward off future govt regulations and intervention May ensure greater freedom in decision making Resources available plot has a reservoir of management talent functional expertise, and capital.Proacting versus Reacting Proacting is more hard-nosed and less costly than simply reacting to problems that have alr occurred. Eg environmental pollution Biz cld prevent e nvironmental deteoriration by adopting cleaner alternativesPublic support Classical economic science Social issues are not concerns of biz pp Should be resolved by the unfettered workings of the free market Business not supply Managers are oriented towards finance and operations and do not have necessary expertise ( social kills) to make social decisions. Less confessedly todayDilutes business purpose Too much power already international competitiveness Placing biz in a vulnerable position in terms of global competition. Biz has to internalize costs that it formerly passed on to the society environmenta cisr, discrimination.