Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. general management
  3. how do these two articles apply to today's situati

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The distance between the eyepiece and the objective lens in a certain compound microscope is 21.4...

Physics
Q

1) What is meant by the principle of connectivity in research? 2) How can we achieve convergence...

Psychology
Q

A frame-shift mutation might generate a....longer proteinshorter proteina protein with many incorrect amino acidsa normal...

Biology
Q

What was the shape of DNA that scientists James Watson and Francis Crick proposed O...

Biology
Q

2 Use y x 4x 7 for the following questions a Write the equation in...

Geometry
Q

i need answer please In a joint processing operation. Nolen...

Accounting
Q

Plz I just need the answers. ...

Accounting
Q

QUESTION 7 (34 marks) Chan Corporation is a well-established merchandizing company that specializes in home...

Accounting
Q

The corporation's social responsibility is entitled exclusively to A) The stockholders B The stockholders, managers,...

Accounting
Q

Marysa Corp. issued a 10-year, 7 percent semiannual bond 2 years ago. The bond currently...

Finance
Q

Following is information from the records of the Toronto Company for July 2014. * Classified...

Accounting
Q

Claire (age 38) works as a senior operations manager and Daniel (age 39) is an...

Finance