8

Question 1

what CSR stands for? and what is it?

Answer 1

CSR stands for corporate social responsibility, which is a business strategy that considers
the impact a company has on society, employees, and other stakeholders.

Question 2

why is CSR implemented

Answer 2

CSR is implemented to minimize harm, practice fair business, be responsible across a global
supply chain, exercise philanthropy and create a self oriented human resource management system.

Question 3

Social activist groups (plus others) throughout the 1950s and 60 s advocated social
responsibility in Business. Yet it wasn’t until the 1980 s that the message to be socially and environmentally responsible became indelibly clear. WHY??????

Answer 3

This was due to ongoing scientific research and publications such as Silent Spring plus the creation of bodies such as the Environmental Protection Agency (EPA), the Equal Employment Opportunity Commission (EEOC), the Occupational Safety and Health Administration (OSHA), and the Consumer Product Safety Commission (CPSC)

Question 4

Corporate Social Responsibility
Caroll Model.

Answer 4

CSR lacked a clear and consistent definition.

Exemplifying this, one 2006 study identified and analyzed 37 different CSR interpretations.

To bring some consensus, Professor of Management at the University of Georgia, Archie Carroll, created a graphic definition of CSR in his
1991 publication, the Pyramid of Corporate Social Responsibility .

Carroll was able to take this nuanced topic and simplify the CSR concept using a single pyramid diagram, promoting CSR into the mainstream.

Question 5

Carolls Model for CSR

Answer 5

CHECK LECTURE 8

Question 6

THE CSR PYRAMID:

Answer 6

THE CSR PYRAMID:
ECONOMIC, LEGAL, ETHICAL, AND PHILANTHROPIC

Question 7

Corporate social responsibility (CSR) is composed of four obligations/dimensions:

Answer 7

1. The economic responsibility to make money.
2. The legal responsibility to adhere to rules and regulations.
3. The ethical responsibility
4. The philanthropic responsibility to contribute to society s projects even when they’re independent of the particular business.

Question 8

The economic responsibility to make money.

Answer 8


Required by simple economics, this obligation is the business version of the human
survival instinct.

Companies that don
t make profits are in a modern market economy doomed to perish.
Of course there are special cases.

Nonprofit
organizations make money (from their own activities as well as through
donations and grants), but pour it back into their work. Also, public/private hybrids can
operate without turning a profit.

In some cities, trash collection is handled by this kind of organization, one that keeps the
streets clean without (at least theoretically) making anyone rich.

For the vast majority of operations, however, there have to be profits. Without them,
there s no business and no business ethics.

Question 9

The legal responsibility to adhere to rules and regulations.

Answer 9


Like the previous dimension, this responsibility is not controversial.

L
aws aren t boundaries that enterprises skirt and cross over if the penalty is low; instead,
responsible organizations accept the rules as a social good and make good faith efforts to
obey not just the letter but also the spirit of the limits.

In concrete terms, this is the difference between the driver who stays under the speed
limit because he can t afford a traffic ticket, and one who obeys because society as a
whole is served when we all agree to respect the signs and traffic lights and limits.

Question 10

The ethical responsibility

Answer 10


To do what s right even when not required by the letter or spirit of the law.

This depends on a coherent corporate culture that views the business itself as a citizen in
society, with the kind of obligations that citizenship normally entails.

When someone is racing their Porsche along a country road on a freezing winters night and
encounters another driver stopped on the roadside with a flat btyre , there s a social obligation to do something, though not a legal one.

Consider toxic waste disposal, in the past the law governing toxic waste disposal was
ambiguous and still is in developing countries, but even if the companies weren t legally
required to enclose their poisons in double encased, leak proof barrels, isn t that the right
thing to do so as to ensure that the contamination will be safely contained? It might not be the right thing to do in terms of pure profits, but from a perspective that values everyone s welfare as being valuable, the measure could be recommendable.

Question 11

The philanthropic responsibility to contribute to society s projects even when they re
independent of the particular business.

Answer 11

A law firm may volunteer access to their offices for an afternoon every year so some local
schoolchildren may take a field trip to discover what lawyers do all day.

An industrial chemical company may take the lead in rehabilitating an empty lot into a park.
None of these acts arise as obligations extending from the day to day operations of the
business involved.

These public acts of generosity represent a view that businesses, like everyone in the world,
have some obligation to support the general welfare in ways determined by the needs of the
surrounding community.