Lecture 10- CSR and Ethics

Question 1

What is the main characteristic of the shareholder approach?

Answer 1

Focus on the (moral) responsibility of a business to its direct investors

Question 2

What are the four approaches to CSR?

Answer 2

LEAST RESPONSIBLE 
1. Obstructionist 
2. Defensive 
3. Accommodative  
4. Proactive 
MOST RESPONSIBLE

Question 3

What are the two approaches to ethics and CSR?

Answer 3

1. Teleological (Consequentialism)- Greatest happiness principle
2. Deontology (Non- consequentialism) - Actions more important than consequences