Module 5- CSR- The theory and the practice Flashcards
1
Q
What is CSR?
A
The way a corporation achieves a balance among its economic, social and environmental responsibilities in its operations so as to address shareholder and other stakeholder expectations.
2
Q
What does the VBA model stand for?
A
Value +balance + Accountability = Proper role of business in society
3
Q
Traditional view of business as merely profit-making
entity
A
Amoral view
4
Q
Corporations viewed as collectives that act as
individuals; they exist as legal persons and can be held
responsible for their actions.
A
Personal view
5
Q
Corporations are social institutions in society, with social
responsibilities.
A
Social view
6
Q
A