Corporate social responsibility (CSR)

Question 1

business types

Answer 1

-sole trade (1 person) to giant transnational cooperation (based in many countries)

Question 2

milton friedman

Answer 2

-unethical to do anything else: taking money away from making profits to fund CSR projects was equivalent to stealing money from stakeholders
-convinced margret thatcher+ronald reagan if businesses were ‘set free’ to pursue profit, benefits of growth would trickle down to all= reduce gov regulation

Question 3

stakeholders

Answer 3

-business decisions+processes affect diff groups of ppl: employees,suppliers,costumers,community,country, everyone affected
-have a responsibility to all who has a stake in their activities

Question 4

crone+matten
(2004)
type of stakeholders

Answer 4

-competitors
-gov
-costumers
-employees
-communities
-suppliers
-shareholders

Question 5

Environmental CSR

Answer 5

-responsibility a business has towards the environment
-reduce negative impact on enviroment such as pollution + nonrecycled products
-increase reliance on ‘green’ renewable + sustainable energy + products
-offset negative impacts done to enviroment eg donating to pro-enviroment groups that make conservation efforts
-eg business aim to be ‘carbon neutral’ might release some co2 via industry but donate for trees to be planted that might absorb the same amount of c their industry released

Question 6

Community CSR

Answer 6

• responsibility a business has to its social community, respecting human rights + avoid exploitation
• Respecting human rights and avoiding exploitation.
• Avoiding being supplied by any business which involves exploitation, sweatshops or child labour.
• Responsible treatment of employees e.g. minimum wage, health and safety provisions.
• Philanthropy. Donating money to charitable causes.

Question 7

Utilitarianism on CSR

Answer 7

-focus on consequences for greatest good=greatest profit
-might lead to ruthless attempt maximise income at all costs
-however, it has gg4gn principle to set aside selfish interest of many more ppl then one self
-so not j actin interest of shareholders but of all workers+stakeholders

Question 8

Kantian ethics on CSR

Answer 8

• Avoiding exploitation (community CSR). This includes paying workers enough, perhaps a minimum or even living wage.
• Providing a safe work environment (community CSR).
  Avoiding fraud or deceptive advertising (community CSR).
• Avoiding polluting the environment or having a net negative impact on the environment (environmental CSR).

Question 9

william macaskill

Answer 9

-flipside to bankers earnings: wealth can be spent on champagne+yatchgs but also help ppl
-earning to give: donate chunk of salary

Question 10

the spying game

Question 11

volkswagen+futuren of honesty