BMGT 364 Session 9 - Corporate Social Responsibility - handouts

BMGT 364 Session 9 - Corporate Social Responsibility - handouts

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© Copyright 2012 Corporate Social  Responsibility BMGT 364: Management and Organizational Theory Spring 2012; Session 9 Dr. J. Gerald Suarez Department of Management & Organization
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© Copyright 2012 Definition of Corporate  Social Responsibility Is CSR a viable business  strategy? Different CSR Strategies CSR and the Value Chain Agenda
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© Copyright 2012 Corporate Social Responsibility Labels A variety of labels… …all come from a set of common core elements Corporate Social Responsibility Corporate Responsibility Social Responsibility Sustainable Development Sustainability Corporate Citizenship Triple Bottom Line A company’s efforts to understand and responsibly manage its social, economic and environmental impacts so that it makes a positive contribution to its owners and society
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© Copyright 2012 Corporate Social Responsibility is how a company creates  value for its shareholders, employees, and the communities  where they operate. Focus is on:  Minimizes harm Maximizes benefit Build accountability and responsiveness to stakeholders Integrate CSR principles and practices  throughout the  business to support and drive business results Corporate Social Responsibility
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© Copyright 2012 Corporate Social Responsibility Human rights Working conditions Equality and diversity Consumer protection Environment/Health Economic development Community relations The consideration of, and response to, issues beyond the narrow economic, technical, and legal requirements of the firm to accomplish social benefits along with the traditional economic gains which the firm seeks. Corporate governance Lobbying/political influence Business’ role in conflict  zones Strategic Philanthropy
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© Copyright 2012 Pyramid of Global Corporate Social Responsibility and Performance
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© Copyright 2012 Arguments for and against CSR Take position
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To Whom Are Organizations  Socially Responsible?
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BMGT 364 Session 9 - Corporate Social Responsibility - handouts

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