Podcast
Questions and Answers
What is the primary focus of corporate social responsibility according to Friedman's view?
What is the primary focus of corporate social responsibility according to Friedman's view?
- Meeting legal and ethical standards
- Increasing profits for the owners (correct)
- Achieving social goals without profitability
- Improving the community's well-being
What is the main difference between CSR and discretionary social initiatives?
What is the main difference between CSR and discretionary social initiatives?
- CSR is mandatory, while discretionary social initiatives are voluntary
- CSR focuses on profit-making, while discretionary social initiatives focus on community welfare
- CSR is concerned with goal attainment within the law, while discretionary social initiatives go beyond legal requirements (correct)
- CSR is primarily focused on ethical standards, while discretionary social initiatives focus on profitability
According to McWilliams and Siegel, what is the critical aspect of CSR that is often overlooked?
According to McWilliams and Siegel, what is the critical aspect of CSR that is often overlooked?
- The organization's focus on profitability
- The organization's achievement of goals within the law and ethical standards (correct)
- The organization's discretionary social initiatives
- The organization's actions beyond legal requirements
What is the basis of Friedman's categorical statement about a business's social responsibility?
What is the basis of Friedman's categorical statement about a business's social responsibility?
What is the restricted view of CSR that is criticized in the text?
What is the restricted view of CSR that is criticized in the text?
Who argued that the primary social responsibility of a business is to increase its profits?
Who argued that the primary social responsibility of a business is to increase its profits?
What was the focus of the protests by students in over 40 universities in 2005?
What was the focus of the protests by students in over 40 universities in 2005?
What is an example of commutative justice in the context of a company?
What is an example of commutative justice in the context of a company?
Why can't small non-profit sport organizations engage in large-scale social initiatives?
Why can't small non-profit sport organizations engage in large-scale social initiatives?
What is the limitation of a company donating huge sums of money to a sports club?
What is the limitation of a company donating huge sums of money to a sports club?
What is the key issue in the distribution of millions of dollars raised by a professional sport franchise or an American university in a single game?
What is the key issue in the distribution of millions of dollars raised by a professional sport franchise or an American university in a single game?
What did Dan Price, the founder of Gravity Payments, do to exemplify commutative justice?
What did Dan Price, the founder of Gravity Payments, do to exemplify commutative justice?
What is the primary social responsibility of a business, according to Milton Freedman?
What is the primary social responsibility of a business, according to Milton Freedman?
What is the main distinction between social responsibility and social initiatives?
What is the main distinction between social responsibility and social initiatives?
According to Archie Carroll, what are the four primary responsibilities of an organization?
According to Archie Carroll, what are the four primary responsibilities of an organization?
What is the ultimate goal of an organization, according to Milton and Carroll?
What is the ultimate goal of an organization, according to Milton and Carroll?
Why is it important for organizations to rectify mistakes and compensate for harm caused to others?
Why is it important for organizations to rectify mistakes and compensate for harm caused to others?
What is the relationship between goal attainment and social responsibility?
What is the relationship between goal attainment and social responsibility?
Why is it important for organizations to avoid harming others in the process of achieving their goals?
Why is it important for organizations to avoid harming others in the process of achieving their goals?
What is the difference between social responsibility and social initiatives in terms of their relationship to the core business of the organization?
What is the difference between social responsibility and social initiatives in terms of their relationship to the core business of the organization?
What is the primary focus of an organization's social responsibility, according to the paper?
What is the primary focus of an organization's social responsibility, according to the paper?
Why do organizations undertake social initiatives?
Why do organizations undertake social initiatives?
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