Making ethical decisions and managing a socially responsible - Managing a soi

4 important questions on Making ethical decisions and managing a socially responsible - Managing a soi

What is coprate soical resposibility/

CSR is the concern of business for the welfare of society as a whole. It consists of obligations beyond those required by the law or union contract.
  • csr is voluntary
  • CSr is board ( which means it involves not only the company includes workers, suppliers, consumers, communities and society at large.

What are the 4 compnents of social responsibility?

1. Philanthropic responsibility ( to be good corporate citizens) ( top primard)
2. Ethical responsibilities ( to do what is right, just & fair) ( snd from top)
3. Legal responsibilities  ( obey the law ) ( 2nd from the base)
4. Economic responsibility   ( business pursues profits ) ( the base )

Irresponsible but legal behavior

Sometimes companies act irresponsibly, yet their action is legal.

forexample Mypllow false advertisement  case
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Legal and resposible Behavior

The vast major of business activities fall into the category

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