social responsibility CSR which suggests only corporations can be socially

Social responsibility csr which suggests only

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social responsibility (CSR) , which suggests only corporations can be socially responsible. This, of course, is nonsense, but the term is still widely accepted. Perhaps you could become involved in spreading the word that CSR should be OSR—to stand for organizational social responsibility , which recognizes that the term social responsibility applies to all organizations, corporate or otherwise. An organization impacts on a variety of people who have an interest in the organization. These people are called stakeholders . An organization’s stakeholders will include its employees; its customers; its suppliers; its debt holders (such as banks or trust companies); local community groups; environmental organizations; government agencies; shareholders; and charitable organizations. If the corporation is not responsible in certain areas, many others are affected. Various organizations take different approaches to social responsibility. Some, such as Tim Hortons ® , are leaders in the area, organizing a variety of community children’s programs. Others simply do the minimum required by law to avoid negative publicity and keep a low profile in their community. There is an ethical issue around an organization’s social responsibility efforts: what is the organization’s motivation for taking a leadership role in providing good works in a community? Is management interested in improving the standard of living for employees simply to make them stay with the organization? Does the organization institute corporate responsibility programs to garner positive publicity and improve its reputation? Is the organization truly interested in giving back to a community that supports it? Do the reasons matter, as long as the organization is making a positive contribution in the community? Managers, you must remember, also live near where they work. If the community benefits, they benefit as well. The reasons for organizations getting involved in social responsibility are no doubt complex and unique to each one.
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Copyright © 2007 The Ontario Educational Communications Authority. All rights reserved. Business Leadership: Management Fundamentals BOH4M-A Lesson 20, page 21 An organization that is interested in operating ethically and responsibly can assess its current behaviour by examining the following four areas: 1. Economic responsibility 2. Legal responsibility 3. Ethical responsibility 4. Leadership responsibility Economic Responsibility If the organization is a profit-making organization, it should work to be profitable, but should consider things other than the bottom line in order to be socially responsible. The organization should pay its debts: bank loans, dividends to shareholders, mortgage interest, and so on.
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