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Summary Business Ethics and Corporate Social Responsibility

- Paul Griseri, et al
ISBN-10 1408007436 ISBN-13 9781408007433
86 Flashcards & Notes
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A snapshot of the summary - Business Ethics and Corporate Social Responsibility Author: Paul Griseri Nina Seppala ISBN: 9781408007433

  • 1 Understanding CSR

  • 1.1 Offer an explanation of the emergence of corporate social responsibility in relation to the evolving role of business in society.

  • Corporate social responsibility was seen as a method of?
    self-regulation distinct from both government legislation and managerial ethics.
  • Corporate social responsibility was a way of?
    in which the business community reacted to the concerns raised by various groups rather than something imposed on business by external actors.
  • The interest in corporate social responsibility has been marked by which developments?
    1) the debate is more about making substantial commitments rather than making them at all.
    2) increasing interest in the topic in Europe
  • 1.3 Describe and assess a model of corporate social responsibility.

  • What are philanthropic responsibilities?
    business may engage in activities that go beyond the expectations of society. 
  • 1.4 Identify and evaluate the key argments for and against the concept of corporate social responsibility.

  • Which sub sections identify some of then main areas of disagreement about the effects of corporate social responsibility on individual companies and society at large?
    -Profit maximization
    -Resource fit
    -lack of accountability
    - the iron law of responsibility
  • 1.5 Critically discuss the concept of corporate social responsibility.

  • What are corporate social policies?
    formal statements or informal practices and ways of behaving that reflect organizational values and principles.
  • What are social impact?
    refer to the effect of corporate behaviour on society. Following Wood, this is a cycle which continues to focus on new issues.
  • 2 stakeholder management

  • 2.1 Critically analyse the implications of different stakeholder definitions.

  • What three general strategic stakeholder groups are there?
    the core stakeholders
    competitive environment stakeholders
    external environment stakeholders.
  • What is the difference between primary and secondary stakeholders?
    primary stakeholders are stakeholders without whose participation and organization would cease to exist.

    secondary stakeholders are individuals or groups that are not essential for a firm's survival, but may still be in a position to interfere with and damage a company's business.
  • A more sophisticated way to determine the importance of stakeholders involves their categorization on the basis of salience. Which three attributes are defined with regard of the basic of salience?
    1) Power
    2) legitimacy
    3) urgency
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