12 Questions
What is the primary focus of CSR according to Epstein?
Achieving outcomes with beneficial effects on stakeholders
According to Davis and Blomstrom, what is the role of decision makers in CSR?
To take actions that balance their own interests with the welfare of society
What is the main idea behind the concept of Corporate Citizenship?
A corporation's actions should have a beneficial impact on society
What is the extended obligation of corporations beyond compliance with laws and regulatory bodies?
To take actions that improve the quality of life of employees and their families
What is the primary difference between CSR and Corporate Citizenship?
CSR is about compliance with laws, while Corporate Citizenship is about taking voluntary actions
What is the relationship between a corporation's actions and the welfare of society, according to Bauer?
A corporation's actions consider the impact on society
What type of social responsibility emphasizes action and activity?
Corporate social responsiveness
What is the purpose of businesses assuming social responsibility, according to the concept of self-enlightenment?
To contribute to the social good
What is the likely outcome for businesses that disregard social problems?
Self-devastation in the future
What is the primary motivation for businesses to prioritize consumer sovereignty?
To satisfy consumer needs and wants
What is the primary benefit of businesses assuming social responsibility in the long-run?
Sustainability and long-term survival
What is the primary reason for businesses to prioritize ethical responsibility?
To be a good corporate citizen
Explore the different aspects of Corporate Social Responsibility, including obligation, action, outcomes, and the four responsibilities of a business. Learn about Carroll's Four Part Model and how it contributes to a company's social performance.
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