CSR1 - BUSINESS SOCIAL RESPONSIBILITY QUESTIONS TO CONSIDER...

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BUSINESS SOCIAL RESPONSIBILITY
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QUESTIONS TO CONSIDER Does business have a responsibility to society over and above producing goods and services and providing jobs? If so, what is the nature of this social responsibility? How and why has the view of business social responsibility been evolving?
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CLASSICAL VIEW JOBS and GOOD PRODUCTS
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EVOLVING VIEW Robber barons Limited corporations - early 1800’s Age of philanthropy Social awakening of the 60’s 21st Century concern for sustainability
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EVOLVING VIEW Not just an economic role - realization that business organizations are part of the social fabric.
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EVOLVING VIEW Business Roundtable- Statement on Corporate Responsibility (1981) : “Economic responsibility is by no means incompatible with other corporate responsibilities in society. …. .”
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ARGUMENTS IN FAVOR OF SOCIAL RESPONSIBILITY Balances corporate power with responsibility Discourages government regulation Promotes long-term profits for business Improves business value and reputation Corrects social problems caused by business
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This note was uploaded on 09/29/2011 for the course BUS 682 taught by Professor Staff during the Spring '11 term at S.F. State.

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CSR1 - BUSINESS SOCIAL RESPONSIBILITY QUESTIONS TO CONSIDER...

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