Lecture 20 & 21

Lecture 20 & 21 - Different Conceptions of the Role of...

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Different Conceptions of the Role of Business: The Modern Debate about CSR The Classical View The Civil Corporation The Creator of Long Term Wealth Market Failure Model The Sustainability Model The Stakeholder Model What About Simple Philanthropy?
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Different Conceptions of the Role of Business: The Modern Debate about CSR The Public Policy Generator - Vogel CSR is simply businesses held accountable to a broader community of stakeholders promoting social and environmental innovation. CSR should be more than going beyond compliance; it must include efforts to raise compliance standards. Business must support public policies that establish minimum standards for their “less virtuous competitors”
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Different Conceptions of the Role of Business: The Modern Debate about CSR Simple Philanthropy To whom much has been given, much is expected Those who have great wealth have a duty to use it for a larger purpose than their own interest Philanthropy occupies a role in discharging a duty to be socially responsible
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CSR Approaches, Measurement and Impact Warren Buffet acknowledges that “society” is responsible for much of his wealth— those favorable conditions, such as the free market, technology, good workers, etc.
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CSR Approaches, Measurement and Impact But giving doesn’t make you ethical or a good corporate citizen Philip Morris “Giving money to the opera doesn’t make up for short-changing customers or communities.”
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CSR Approaches, Measurement and Impact But how much? Singer’s View “Golden Age of Philanthropy”
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CSR Approaches, Measurement and Impact The Goals Reducing the world’s extreme poverty by 50% Halving the proportion of people who suffer from hunger Assuring children everywhere primary schooling Reducing childhood mortality under 5 by 2/3 On top of existing programs, annually additional $48 billion in 2006, rising to 74 billion in 2015.
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and Impact How Much?
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Lecture 20 & 21 - Different Conceptions of the Role of...

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