BMAL 560 DB2 Corporate Citizenship.docx - Running head BETTER CORPORATE CITIZENS Better Corporate Citizens Brandi Anderson Liberty University BMAL

BMAL 560 DB2 Corporate Citizenship.docx - Running head...

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Running head: BETTER CORPORATE CITIZENS 1Better Corporate CitizensBrandi AndersonLiberty UniversityBMAL 560-D03
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BETTER CORPORATE CITIZENS 2Better Corporate CitizensCorporate citizenship is defined by Chung-Jen Wang (2014) as a company’s “economic, ethical, legal and discretionary responsibilities” not just to society, but to internal (employees) and external (customers, community) stakeholders (pp. 930-931). Corporate citizenship (CC) takes the concept of Corporate Social Responsibility (CSR), a step farther in that CSR is a company “talking the talk” while CC is a company “walking the walk” (Schons & Steinmeier, 2016, p. 359). It is the actions of the company in making a difference in the lives of their employees, stakeholders and the community.How Does a Firm Become a Better Corporate Citizens?One of the biggest ways a firm can become a better corporate citizen is through philanthropy. According to Lawrence and Weber (2017) philanthropic business leaders believe “efforts to make a profit” went hand in hand with their “responsibilities to society” (p. 51).
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  • Summer '14
  • Business Ethics, Corporate social responsibility, better corporate citizens

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