U2 Ethics & Corporate Responsibility

Question 1

corporate social responsibility

Answer 1

The obligation of an organization to act in ways that serve the various interests of stakeholders.

Question 2

Organizational Stakeholders

Answer 2

Those who are directly affected by the behaviour of the organization and hold a stake in its performance

Question 3

Leadership Beliefs Guiding CSR

Answer 3

1. People – belief that people are most productive in an environment that promotes balance between family and work
2. Communities – belief that organizations perform best when located in healthy communities
3. Natural Environment – belief that organizations win when they treat the environment with respect
4. Long Term Vision – belief that management must lead an organization for long-term success
5. Reputation – belief that one’s reputation must be protected to ensure consumer and stakeholder support