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19 Cards in this Set
- Front
- Back
business for social responsiblity (BSR)
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An organization formed to fill an urgent need for a national business alliance that fosters socially responsible corporate policies
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community obligations
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Voluntary efforts by the community to improve, beautify, and uplift society. Another form of philanthropy
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corporate citizenship
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A 3 part view: (1) a reflection of shared moral and ethical principles (2) a vehicle for integrating individuals into the communitites in which they work (3) a form of enlightened self-interest that balances alls takeholders' claims and enhances a companies long-term value
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corporate social performance (CSP)
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Shows the results or outcomes of their acceptance of social responsibility and adoption of a responsiveness philosophy
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corporate social performance model
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Brings together 3 dimensions: (1) Social Responsibility Categories--economic, legal, ethical, and discretionary, (2) Philosphy of Social Responsiveness--reaction, defense, accomadation, proaction (3) Social issues--cusumers, environment, employees. Managers must understand that social responsiblity is not separate and distinct from economic performance
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Corporate Social Responsibility (CSR)
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(1) Seriously cosider the impact of the company's actions in society (2) The individual considers his/her acts in terms of a whole soical system and holds him/her resopnsible for the effects of his/her acts anywhere in the system
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Corporate Social Responsiveness
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An Action-oriented variant of Corporate Social Responsiblity. It is businesses taking action prior to being obligated to do so such is implied in the word responsibility
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Corporate Sustainability
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The goal of triple-bottom line approach--Create a long term shareholder value by taking advantage of opportunities and managing risks economic and environmental, and social developments
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Economic Responsiblities
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First and Foremost, the American social system calls for a business to be an economic institution. They must produce goods and services that society wants and to sell them at a fair price--prices that society thinks represent the true value of the goods and services delivered
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Ethical Investing or Socially Responsible
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Known as social screening...Firms screen out those firms they consider to be socially irresponsible or actively to screen in those firms they think of as being soically responsible Example: Churches do not invest in sin stocks
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Ethical Responsiblities
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Embodies the full scope of norms, standards, values, and expectations that reflect what consumers, employees, shareholders, and the community regard as fair, just, and consistent with the respect for or protection of stakeholders moral rights--because laws are essential but not adequate
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Legal Responsiblities
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The ground rules--the laws--under which business is expected to operate. It reflects society's view of "codified ethics" in the sense that they embody basic notions of fiar practices as established by our lawmakers
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Paternalism
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A policy or practice of treating or governing people in a fatherly manner--especially by providing for their needs without giving them rights or responsibilities--Example Corporate Towns
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Philanthropic Responsibiltiies
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Business's voluntary, discretionary charitable donations. These are not true responsibilties; however, they do reflect current expectations of businesses by society
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Philanthropy
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Business contributions to charity and other worthy causes--even during periods characterized by the traditional economic view
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Pyramid of Coporate Social Responsibility
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A graphical representation depiciting the 4-part definition of Corporate Social Responsibility (CSR)--Economic, Legal, Ethical and Philanthropic respectively
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Socially Responsible
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Embodies the full scope of norms, standards, values and expectations that reflect what consuemrs, employees, shareholders, and the community regard as fair, just and consistent with the respect for or protection of stakeholders moral rights--because laws are essential but not adequate
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Sustainability
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to support (a cause or the like) by aid or approval
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Triple Bottom Line
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Encapsulate for business the 3 key spheres of sustainability...economic, social, and environmental
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