How do these two articles apply to today's situation? - What are the reasons for the...

80.2K

Verified Solution

Question

General Management

How do these two articles apply to today's situation?
- What are the reasons for the changing focus by companies?
- How does this fit within international business?
- What stood out for you in these two articles?
The Social Responsibility of Business Is to Create Value forStakeholders.pdf
To Get Companies to Take Action on Social Issues, EmphasizeMorals, Not the Business Case.pdf

Answer & Explanation Solved by verified expert

4.2 Ratings (666 Votes)

The social responsibility of business implies that a corporateenterprise has to serve interests other than that of commonshareholders who of course expect that their rate of returnvalue or wealth should be maximisedBut in todays world the interest of other stakeholderscommunity and environment must be protected and promoted Socialresponsibility of business enterprises to the various stakeholdersand society in general is considered to be the result of a socialFig 31 Responsibility of Business Enterprises towardsStakeholders and Society in General contractSocial contract is a set of rules that defines the agreedinterrelationship between various elements of a society The socialcontract often involves a quid pro quo ie something given inexchange for another In the social contract one party to thecontract gives something and expects a certain thing or behaviourpattern from the otherCSR IN A GLOBAL CONTEXT CSR AND DEVELOPING COUNTRIESJUSTIFICATIONS FOR CSR DEFENSIVE PROACTIVE POTENTIAL ROLES OFGOVERNMENT IN THE CSR AGENDA A MULTIPLICITY OF POLICYINSTRUMENTS6 CSR IN A GLOBAL CONTEXT CSR AND DEVELOPING COUNTRIES Theconcept of CSR aims to examine the role of business in society andto maximize the positive outcomes of business activityGovernments companies and NGOs in many middleand lowincomecountries have accelerated the process of adaptation of thedeveloped countrydriven CSR agenda through greater directengagement7 CSR IN A GLOBAL CONTEXT JUSTIFICATION FOR CSR TWO BROADSETS DEFENSIVEminimizing the potential bad effects of CSR onlocal communities environments and markets when imposed throughinternational supply chains and investments PROACTIVEincrease thedomestic public benefits of CSR practices in economic social andenvironmental terms there is various kinds of partnershipinitiative that seek to transfer knowledge and expertise foreigninvestment8 CSR IN A GLOBAL CONTEXT POTENTIAL ROLES OF GOVERNMENT IN THECSR AGENDA Spans social economic and environmental spheresincluding issues of corruption poverty reduction and human rightsGoals See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member