Legal responsibilities of a company can be described as obeying local, state, federal and relevant international laws. These laws can cover the range of requirements. For Google, this could be following privacy laws that protect the integrity of the users or even tax return. A different aspect in the pyramid is the ethical responsibilities that a company follows as a moral code. Companies do the efforts to do what global stakeholders expect them to do. For example, most products used by Chipotle are organic and from a better quality than the competition. Even though the company is not obligated to use organic products this creates an appeal to consumers, improving their sells. Finally the top of the pyramid is composed by the philanthropic responsibility that companies carry. Furthermore, stakeholders as well as shareholders find attractive ethic codes from companies because they can relate to them while it creates a different product for the consumer. For example, Google’s “Don’t be Evil” obligates, to certain extent, to Google’s chair to take moral decisions based on this slogan. This creates a sense of connection between stakeholder and company at the same time that it is helping the world
Legal responsibilities of a company can be described as obeying local, state, federal and relevant international laws. These laws can cover the range of requirements. For Google, this could be following privacy laws that protect the integrity of the users or even tax return. A different aspect in the pyramid is the ethical responsibilities that a company follows as a moral code. Companies do the efforts to do what global stakeholders expect them to do. For example, most products used by Chipotle are organic and from a better quality than the competition. Even though the company is not obligated to use organic products this creates an appeal to consumers, improving their sells. Finally the top of the pyramid is composed by the philanthropic responsibility that companies carry. Furthermore, stakeholders as well as shareholders find attractive ethic codes from companies because they can relate to them while it creates a different product for the consumer. For example, Google’s “Don’t be Evil” obligates, to certain extent, to Google’s chair to take moral decisions based on this slogan. This creates a sense of connection between stakeholder and company at the same time that it is helping the world