What is corporate social responsibility? Is it similar to business ethics?
The World Business Council for Sustainable Development in its publication Making Good Business Sense by Lord Holme and Richard Watts, used the following definition. Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. The same report gave some evidence of the different perceptions of what this should mean from a number of different societies across the world.
Definition: CSR is about capacity building for sustainable livelihoods.
It respects cultural differences and finds the business opportunities in building the skills of employees, the community and the Government from Ghana, through to CSR is about business giving back to society from the Philippines.
Traditionally in the United States, CSR has been defined much more in terms of a philanthropic model. Companies make profits, unhindered except by fulfilling their duty to pay taxes. Then they donate a certain share of the profits to charitable causes. It is seen as tainting the act for the company to receive any benefit from the giving. It is not same as business ethics. Business ethics is a personal concept and is wider in many senses than CSR.
Discuss the forces which are responsible for increasing concern of business enterprises towards social responsibility.
What do you mean by the principle derived from social values which guide and govern the conduct of businessmen? Explain the factors governing these principles and values.
"A business owes curtain obligations towards different groups."Identify those groups and explain the obligation of business towards those groups.
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Explain social responsibility of a business towards different interest groups.
Which eight problems have been identified by the United Nations which cause damage to natural environment?
What steps can an enterprise take to protect the environment from the dangers of pollution?
"Like an individual, business enterprise should also be a loyal citizen to the state."Discuss.
How can a business enterprise improve its public image by performing social responsibilities?
What do you understand by social responsibility of business? How is it different from legal responsibility?
Business is essentially, a social institution and not merely a profit making activity.' Explain.
What do you mean by the principles derived from social values which guide and govern the conduct of businessmen?
Business ethics and social responsibility are not synonyms but are closely related. Substantiate.