Corporate Social Responsibility and Ethics - UGBS 207

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10 Questions

What does the GAIA Principle state?

The GAIA Principle states that all life is interdependent on each other.

According to Howard Bowen, what is corporate social responsibility (CSR)?

CSR is an obligation that arises from the impact corporate decisions and actions have on the lives of people.

Define corporate social responsibility (CSR) according to Forstater et al. (2002).

CSR is a company’s actions that contribute to sustainable development through the company’s core business activities, social investment and public policy debate.

How does Davis define corporate social responsibility (CSR)?

Davis defined CSR as ‘the firm’s consideration of, and response to, issues beyond the narrow economic, technical, and legal requirements of the firm.

What was the shift in the debate about corporate social responsibility by the 1980s?

The debate shifted towards how to make substantial commitments rather than whether to make them at all.

What is the central focus of CSR?

Businesses and their role in society

When did corporate social responsibility emerge as an area of general concern for companies?

1960s

What was the role traditionally performed by society as a whole?

Correcting the harmful impacts of companies' operations

In what period did the first substantial publications on the role of business in society emerge?

1930s

What did various texts in ancient times suggest about those engaging in trade and commerce?

Moral obligations existed for them

Test your knowledge on the concepts and issues surrounding corporate social responsibility and ethics in the business world. Explore the development and origins of CSR and its impact on society.

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