Corporate Responsibility Quiz

Social Responsibility

• Social responsibility is an ethical theory where individuals are accountable for fulfilling civic duty, ensuring actions benefit society. A balance between economic growth and societal welfare is key.
• Social responsibility encompasses both Individual Social Responsibility (ISR) and Corporate Social Responsibility (CSR).

Individual Social Responsibility (ISR)

• ISR focuses on actions with community impact beyond immediate relationships. This includes neighbors, related organizations, and society at large.
• Individuals are responsible for acting in ways beneficial to society and themselves.
• Communities, from villages to large cities, share problems, and individuals should contribute to solutions.
• Examples include participating in community cleanups or volunteering.

Classification of ISR

• Economic: Responsibility towards economic issues like inequality, unemployment and pricing of goods and services.
• Social: Responsibility in addressing societal challenges like elderly care, discrimination and divorce issues.
• Civic: Responsibility for community activities, respecting rules and resources.
• Environmental: Responsibility for environmental protection.

Corporate Social Responsibility (CSR)

• CSR emphasizes companies' role in fulfilling obligations to stakeholders including employees, customers, suppliers, community and the environment.
• Companies should manage business processes to profit, but also have a positive societal impact.
• CSR involves contributing to economic development, improving quality of life, and considering public interests.
• Examples include establishing educational facilities, awarding scholarships and promoting sustainability.

CSR Classification

• Responsibility towards Self: Focus on efficiency, stability and growth to maximize profits.
• Responsibility towards Employees: Fair treatment, career development, and health care are key.
• Responsibility towards Shareholders: Protecting investment and ensuring returns.
• Responsibility towards Customers: High quality, competitive prices and ethically sourced products/services are essential.
• Responsibility towards the State: Adhering to legal requirements and paying taxes.
• Responsibility towards the Environment: Environmental protection, waste management, and producing eco-friendly goods are critical.

ISR vs CSR

• ISR is foundational to CSR, as individuals drive corporate culture.
• ISR is crucial in shaping corporate social responsibility.
• A well-established understanding of ISR makes CSR more effective.

Social Media Responsibility

• Social media is online content created via scalable technology, transforming one-to-many interactions into many-to-many dialogues. This impacts personal, political, and business relationships.
• Social media ethics are essential for responsible use.
• Ethical communication, respecting privacy and preventing the spread of misinformation are all crucial aspects of social media responsibility.

Social Media Ethics and Etiquette

• Appropriate use and perception of social media is key to responsible behavior.
• Etiquette, transparency and authenticity are fundamental to ethical social media interaction.

Social Media Addiction

• Social media overuse can cause psychological issues, impacting personal relationships, work, and overall well-being.

Class Activity

• Students will identify a company, categorize its CSR activities, and discuss how such strategies impact various stakeholders. The final product will be a report outlining the company's social responsibility, detailing how the company operates and detailing its efforts.