what is social contract and stakeholder theories of Corporate Social Responsibility (CSR) andexpalin use the social demandingness,...

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what is social contract and stakeholder theories of CorporateSocial Responsibility (CSR) andexpalin use the socialdemandingness, social activist and stakeholder theories ofcorporate social responsibility in order to discuss the case studybelow.

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Three Approaches to Corporate Responsibility According to the traditional view of the corporation it exists primarily to mate the profits From this moneycentered perspective insofar as business ethics are important They apply to moral dilemmas arising as the struggle for profit proceeds These dilemmas include what obligations do organizations have to ensure that individuals seeking employment or promotion are treated fairly How should conflicts of interest be handled and what kind of advertising strategy should be purpued While these dilemmas continue to be important throughout the economic world when businesses are conceived as holding a wide range of economic and civic responsibilities as part of their daily operation The field of business ethics expands correspondingly Now there are large sets of issues that need to be confronted and managed outside of and independent of the struggle for money Broadly there are three theoretical approaches to these new responsibilities 1 Corporate social responsibilityCSR 2The triple bottom line 3Stakeholder theory 1Corporate Social ResponsibilityCSR The title corporate social responsibility has two meanings First its a general name for any theory of the corporation that emphasizes both the responsibility to make money and the responsibility to interact ethically with the surrounding community Second corporate social responsibility to profit while playing a role in broader questions of community welfare As a specific theory of the way corporation interact with the See Answer

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