Social responsibility of the organization and government in international trade
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Social responsibility of the organization and government in international trade

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Social responsibility of the organization and government in international trade Presentation Transcript

  • 1. Social Responsibility of the Organization and Government in International Trade UNIT 4 Chapter 2
  • 2. What is Corporate Social Responsibility?
    • It has been termed as “New Age Mantra”.
    • Corporate social responsibility:
      • Looks at ethical issues on the organization level.
      • Obligates organizations to act in ways that serve both its own interests and the interests of society at large.
  • 3. Multiple Stakeholders in the environment of the organization
  • 4. What is the concept all about?
    • Beliefs that guide socially responsible business practices:
      • People do their best with a balance of work and family life.
      • Organizations perform best in healthy communities.
      • Organizations gain by respecting the natural environment.
      • Organizations must be managed and led for long-term success.
      • Organizations must protect their reputations.
  • 5. Perspectives on CSR
    • Classical view—
      • Management’s only responsibility is to maximize profits.
    • Socioeconomic view—
      • Management must be concerned for the broader social welfare, not just profits.
  • 6. Case Study: TOSHIBA
  • 7. Advantages of CSR
    • Adds long-run profits.
    • Improved public image.
    • Avoids more government regulation.
    • Businesses have resources and ethical obligation.
  • 8. Disadvantages of CSR
    • Reduced business profits
    • Higher business costs
    • Dilution of business purpose
    • Too much social power for business
    • Lack of public accountability
  • 9. Criteria for evaluating CSR
  • 10. Strategies for pursuing CSR
    • Obstructionist — meets economic responsibilities.
    • Defensive — meets economic and legal responsibilities.
    • Accommodative — meets economic, legal, and ethical responsibilities.
    • Proactive — meets economic, legal, ethical, and discretionary responsibilities.
  • 11.  
  • 12. How government influences organizations?
    • Common areas of government regulation of business affairs:
      • Occupational safety and health
      • Fair labor practices
      • Consumer protection
      • Environmental protection
  • 13. How organizations influence government?
      • Personal contacts and networks
      • Public relations campaigns
      • Lobbying
      • Political action committees
      • Sometimes by illegal acts, such as bribery or illegal financial contributions to political campaigns
  • 14. How do they two work together?
    • Corporate governance:
      • The oversight of the top management of an organization by a board of directors.
    • Corporate governance involves:
      • Hiring, firing, and compensating the CEO.
      • Assessing strategy.
      • Verifying financial records.