Corporate social responsibility, sustainability, and business ethics
6 important questions on Corporate social responsibility, sustainability, and business ethics
Define corporate social responsibility (CSR).
Define teological ethics before going on to define utilitarianism.
Utilitarianism is a teleological perspective arguing that an action is only good if it increases the overall well-being of people.
Define deontological ethics before defining the libertarian and social justice views.
The libertarian view stresses individual freedom; do as you like as long as you don't break the law.
The social justice view looks at what a just society would look like without people knowing their position in the world.
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Define the ethical perspective "individual growth and organisational learning" before defining communitarianism.
Communitarianism stresses the importance of social relations and suggests that human life will improve if the community and public values guide decision-making.
CSR draws heavily from the ideas of Scottish Industrialist Andrew Carnegie. What two principles did he stress in order for businesses to be a positive force on society?
2. The stewardship principle: Where the rich hold the wealth "in trust" for the rest of society.
What are the four parts of the Four-Part Model of CSR (Carroll 1991)?
2. Ethical responsibility, characterised by what is right and fair and what is expected by society.
3. Legal responsibilities, where law is considered the codification of society's models and is required by society.
4. (lowest) Economic responsibilities, characterised by basic needs, (why organisations are set up, employment, etc.) and is characterised by what is required by society.
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