CSR - Theory of Corporate Social Responsibilities Group 3...

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Theory of Corporate Social Responsibilities Group 3
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Group Members Mohd Herman Zulkifli Paimin Junainah Effa Erlina Noor Laila Natasya
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“Actions of an organization to take responsibility for the impacts of its activities on society and the environment, where these actions: are consistent with the interests of society and sustainable development; are based on ethical behaviour, compliance with applicable law and intergovernmental instruments; and are integrated into the ongoing activities of an organization. Definition
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A. THE MORAL MINIMUM OF THE MARKET "RULES OF THE GAME" B. BY OPERATING ABOVE THE MORAL MINIMUM, "INTERNALIZING" THE EXPECTATIONS OF SOCIETY, CORPORATIONS RETAIN CONTROL OVER DECISION MAKING AND AVOID THE COSTS ASSOCIATED WITH GOVERNMENT REGULATION Moral Minimum
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The weak social perspective is based upon the concept that “…. corporations do not have an obligation to solve social problems” (Bowie, 1991). Indeed it is arguable that corporations could solve social problems even if it sensed the need to do so. However, based upon sensed duties of gratitude, citizenship and the responsible use of power, corporations should have a 1) duty to contribute to the solution of social problems
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This note was uploaded on 12/12/2011 for the course ECONOMICS 101 taught by Professor Thoman during the Spring '09 term at Abu Dhabi University.

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CSR - Theory of Corporate Social Responsibilities Group 3...

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