Podcast
Questions and Answers
________ refers to the ethical framework that suggests that individuals, organizations, and businesses have an obligation to act in ways that benefit society.
________ refers to the ethical framework that suggests that individuals, organizations, and businesses have an obligation to act in ways that benefit society.
Social Responsibility
_______ is a related concept, where companies integrate social and environmental concerns in their business operations.
_______ is a related concept, where companies integrate social and environmental concerns in their business operations.
Corporate Social Responsibility
________ Organizations that engage in social responsibility efforts are often seen more positively by consumers and investors.
________ Organizations that engage in social responsibility efforts are often seen more positively by consumers and investors.
Improves reputation and brand loyalty
______ A company that demonstrates social responsibility is likely to have more motivated and engaged employees.
______ A company that demonstrates social responsibility is likely to have more motivated and engaged employees.
_______Companies and governments that prioritize social responsibility contribute to long-term environmental sustainability.
_______Companies and governments that prioritize social responsibility contribute to long-term environmental sustainability.
________ By addressing societal issues proactively, organizations reduce the risk of facing legal challenges or public backlash
________ By addressing societal issues proactively, organizations reduce the risk of facing legal challenges or public backlash
Reducing carbon footprints, waste, and conserving natural resources.
Reducing carbon footprints, waste, and conserving natural resources.
Ensuring fair wages, promoting diversity and inclusion, and supporting local communities.
Ensuring fair wages, promoting diversity and inclusion, and supporting local communities.
________ Providing safe working conditions, adhering to human rights standards, and ensuring fair treatment of workers.
________ Providing safe working conditions, adhering to human rights standards, and ensuring fair treatment of workers.
Carroll's Pyramid of CSR: This model suggests that CSR can be broken down into four levels:
Carroll's Pyramid of CSR: This model suggests that CSR can be broken down into four levels:
_____ Being profitable.
_____ Being profitable.
Obeying laws and regulations.
Obeying laws and regulations.
______ Doing what is morally right.
______ Doing what is morally right.
Giving back to the community through charitable efforts
Giving back to the community through charitable efforts
Triple Bottom Line (TBL): This model evaluates success through three dimensions
Triple Bottom Line (TBL): This model evaluates success through three dimensions
