1. Question 1 (a)
Discuss and explain the concept of
corporate social responsibility as
well as its short and long term
consequences for an organisation
2. Concept of corporate social
responsibility
• Corporate social responsibility is an management
concept whereby companies integrate social and
environment concern in their business operation
and interaction with their stakeholder.
• www.iisd.org, “Identify corporate social
responsibility promote vision of a business
accountability to a wide range of a stakeholders,
besides shareholders and investors. Key areas of
concern are environmental protection and the
wellbeing of employees, the community and civil
society in general, both now and in the future
3.
4. Concept of corporate social
responsibility
• According to Wood, the “basis idea of a
corporate social responsibility is that business
and society are interwoven rather distinct
entities”. And that expectation are placed on
business due to its three role.
5. The role are as follow in the table
below
institutional Legitimacy- refer to social granting of
legitimacy and power to business, and
business appropriate use of that power
and the possibility of losing that power
orgaizational Public responsibility- means that the
business is responsible for outcome relate
to its are of involvement with society
Individual - Managerial discretion- refer to managers
as moral actor who are obliged to exercise
such discretion as is available to them to
achieve social responsibility outcomes
6. Short and long term consequences for
corporate social responsibility in an
organisation
• The Social Responsibility of Business is to
Increase its Profits.
• Responsibility= build awareness
• Taking action=“crucial to the success of
business" and "increasingly it is the case that
business cannot be indifferent to how it
creates value”.
7. Question 1 (b)
How far is it true that the social
responsibility of business is to
increase profit?
• Transparency and reporting.
• Increase stakeholder activism.
• Access to capital.
8. “our organisation is not in trouble
with the law , so we are ethical”
I totally agree with the sentiments in the above
qoutation:
Ethics programs help maintain a moral course in
turbulent times. Ethics programs cultivate strong
teamwork and productivity. Ethics programs support
employee growth and meaning. Ethics programs are an
insurance policy; they help ensure that policies are legal.
Ethics programs help avoid criminal acts “of omission”
and can lower fines. Ethics programs help manage values
associated with quality management, strategic planning
and diversity management. Ethics programs promote a
strong public image.
9. References
• Chapter 7 corporate social responsibility: the
concept.
http/www.thenextgreatpriminister.ca/home/
• www.04-scr/corporate-social responsibility-
and- financial -performance-in-the-Australian
context.hml
• www.iisd.org corporate social responsibility
(CSR) current issues.
• Pava. M(2008) why corporate should not
abandon social responsibility. Journal of
business ethics 83,809,189.