3. A(n) _____ -based ethics code emphasizes the prevention of unlawful behavior by increasing control and penalizing wrongdoers. Strategic Corporate Social Responsibility: Sustainable Value Creation redefines corporate social responsibility (CSR) as being central to the value-creating purpose of the firm. Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Chapter Subtopics; The Intrumental Approach; The Social Contract Approach; CSR Phenomenon; The Triple Bottom Line Approach ; Three CSR Corporate Strategies; Three CSR Corporate Strategies: Just as organizations include their “Triple Bottom Line” they are also now adopting one of three main, distinct types of CSR for their own use. Chapter 4: Ethics and Social Responsibility . Corporate Social Responsibility. Chapter 4 Corporate Social Responsibility and Tourism Dagmar Lund-Durlacher MODUL University Vienna, Austria dagmar.lund-durlacher@modul.ac.at For referencing purposes, please reference as … Part 1 – Chapter 4. Book: Supervision: Concepts and Skill-Building by Samuel Certo Laura Spence. OTHER ISSUES: SOCIAL RESPONSIBILITY INVESTMENT CORPORATE SOCIAL RESPONSIBILITY ETHICS Learning objectives To be aware of the origins of socially responsible investment To appreciate the role of institutional investors in socially responsible investment To Explain corporate social responsibility (CSR) To emphasize the importance of establishing a positive … Title: Présentation … It then differentiates the different perspectives on CSR. Some critics of corporate social responsibility view spending money on CSR as: stealing from investors. How does the nature of management jobs create the possibility for ethical abuses? CSR is broadly grounded in an understanding of business being part of society. This quiz and corresponding worksheet will help you gauge your understanding of what corporate social responsibility is, with special concern paid to … Based on a theory of empowered stakeholders, this bestselling text argues that the ‘responsibility’ of a corporation is to create value, broadly defined. CSR has become so important that many organizations have re-branded their core values to include social responsibility. As a supervisor, you will be looking for ethical behavior in your employees and also making sure you contribute to an environment that encourages ethical actions. 2 The pragmatic reason is that business must use its power responsibly in society or risk losing it A firms … 10.5 Conclusion Frontline Focus. An ethical issue is a situation, problem, or opportunity in which an individual must choose among several actions that must be evaluated as morally right or wrong. The socioeconomic view 2. An In-Depth look into Chapter 4: Corporate Social Responsibility Page 1: What Is Corporate Social Responsibility? Topics range from defining CSR to leadership to metrics and reporting, with cases that illustrate each of the important subjects. LO1 Ethics and Social Responsibility: A Close Relationship Ethics and social responsibility—often discussed in the same breath—are closely related, but they are definitely not the same. Business in Action: Chapter 4 - Business Ethics and Corporate Social Responsibility ethics the rules or standards governing the conduct of a person or group transparency the degree to which affected parties can observe relevant aspects of corporate responsibility. BMGT: 1301 Supervision Chapter 4: Ethics and Corporate Social Responsibility. think lar iaelyon SCHOOL OF MANAGEMENT JEAN MOULIN . Dr. Asif Mahmood, University of Management & Technology, Lahore asif.mahmood@umt.edu.pk S p r i n g 2 0 1 4 Professional Practice CORPORATE SOCIAL RESPONSIBILITY (CSR) Chapter 04 WHY CORPORATE SOCIAL RESPONSIBILITY? Understand that corporate social responsibility, like any other goal and objective, helps the firm only when aligned with its strategy, vision, and mission. Chapter 4: BUSINESS ETHICS AND CORPORATE SOCIAL RESPONSIBILITY Chapter Overview This chapter presents topics related to ethics and social responsibility in the modern business world. Corporate Social Responsibility will meet the needs of those who want to understand CSR from the viewpoint of both inside and outside of the corporation, and from the perspective of supply chains, NGOs and Government. Claire, mgt trainee is restocking shelves and notices that the name-brand allergy medicines are much smaller than the company's own-label brand . There is a key trend that relates to the upholding of a sustainable model: the young, up-and-coming consumers feel social and environmental responsibility are important. Chapter 3 overviewed a range of literature and publications which shows that corporate vested interests have been remarkably successful at undermining and stopping many aspects of sustainable development now for at least 100 years. (Instrumental and Social Contract Approaches) Page 2: Five Driving Forces Behind CSR; Page 3: Triple Bottom Line Approach; Page 4: The Pesticide DDT Page 5: PepsiCo Page 6: References; Powered by Create your own unique website with … Corporate Social Responsibility. Business ethics compromises the moral principles and standards that guides behavior in the world of business. The classical view 2.2. Describeandexplaincorporatesocialresponsibility(CSR). Corporate Social Responsibility (CSR) is a very common term in the corporate and social sectors these days. Learn faster with spaced repetition. Many businesses strive for a high level of CSR while operating on a day to day basis. 10.1 Leading an Ethical Organization: Corporate Governance, Corporate Ethics, and Social Responsibility 10.2 Boards of Directors 10.3 Corporate Ethics and Social Responsibility 10.4 Understanding Thought Patterns: A Key to Corporate Leadership? Legal responsibilities 3.3. Chapter; Aa; Aa; Get access. Philanthropic responsibilities. Chapter 7: Corporate social responsibility and corporate governance . transformations in markets, we need to support and promote corporate social responsibility and disruptive innovation by sustainability pioneers but also by the business community at large. Corporate Social Responsibility Strategy, Communication, Governance. Corporate Social Responsibility | "The actions of an organization that are targeted toward achieving a social benefit over and above maximizing profits for its shareholders and meeting all its legal obligations." In different ways, these expressions refer to the ensemble of policies, practices, investments, and concrete results … Chapter learning objectives. Economic responsibilities 3.2. Definitions: two views of CSR 1.1. 1 Chapter 4 CORPORATE SOCIAL RESPONSIBILITY CHAPTER OBJECTIVES • Afterexploringthischapter,youwillbeableto: 1. Corporate Social Responsibility. About This Quiz & Worksheet. Ethical responsibilities 3.4. Corporate Social Responsibility. Chapter 7. Types of CSR 3.1. One of the overarching lessons of this chapter is that goals and objectives are only effective to the extent that they reinforce the organization’s strategy and therefore the realization of its vision and mission. Chapter 4; Chapter 5; Chapter 6; Chapter 7; Chapter 8; Chapter 9; Chapter 10; Chapter 11; Index; Learning Objectives. Describe the US Sentencing Commission Guidelines for Organizations and explain how they both encourage ethical behavior and punish unethical behavior by businesses. The term “corporate social responsibility” is still widely used even though related concepts, such as sustainability, corporate citizenship, business ethics, stakeholder management, corporate responsibility, and corporate social performance, are vying to replace it. Ethics are a set of beliefs about right and wrong, good and bad; business ethics involve the application of these issues in the workplace. CSR Corporate Social Responsibility EU European Union ILO International Labour Organization ISO International Organization for Standardization LME Liberal market economy MNC Multinational Cooperation MNE Multinational Enterprise NAP National Action Plan NGO Non-governmental organization OECD Organization for Economic Cooperation and Development SME Small- and … Benefits of Ethical Behavior To be known as ethical is a reputation for high standards. Chapter. Chapter 4 Corporate Social Responsibility, Ethics, and Sustainability Ethics = The principles by which people distinguish what is morally right. Why has CSR become so important? What is Corporate Social Responsibility (CSR)? Director of Centre for Research into Sustainability at Royal Holloway, University of London. Strategic Corporate Social Responsibility provides a comprehensive and integrated overview of the field of CSR that brings today's tools and standards to the fore, and should prove an invaluable classroom asset. As introduced early in this chapter, Corporate Social Responsibility (CSR) “is a self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public. 11.4 Corporate Ethics and Social Responsibility What Is Corporate Social Responsibility? CHAPTER 4: CORPORATE SOCIAL RESPONSIBILITY 1. Business Ethics. compliance. Then record companies and artists pay the promoters to … Chapter 2 Corporate Social Responsibility: A Review of Current Concepts, Research, and Issues Archie B. Carroll and Jill A. Chapter: 4 The Roles of Corporate Philanthropy, Corporate Social Responsibility, and Shared Value Get This Book Visit NAP.edu/10766 to get more information about this book, to buy it in print, or to download it as a free PDF. Chapter 4: Corporate Social Responsibility; Gabriela E. • 9 cards. A recent survey, conducted by Horizon Media, found that “81% of millennials expect companies to make a public commitment to good corporate citizenship” [19] . This video clip tries to give competent but also entertaining answers to this question. Study Chapter 4: Business Ethics, Corporate Social Responsibility, Corporate Governance, and Critical Thinking flashcards from Devin Walz's collin college class online, or in Brainscape's iPhone or Android app. Buy the print book Check if you have access via personal or institutional login . It defines business ethics and corporate social responsibility (CSR) and the multitude of factors that influence both. Identify and describe the most common forms of workplace deviance. Chapter 4; Chapter 5; Chapter 6; Chapter 7; Chapter 8; Chapter 9; Chapter 10; Chapter 11; Index; Learning Objectives. CHAPTER 4 Managerial Ethics and Corporate Social Responsibility promoters—or middlemen—pay radio owners large fees as high as $1 million to have exclusive first access to that station’s playlist for a period of time. : Concepts and Skill-Building by Samuel Certo Chapter 4: Corporate Social.. Have re-branded their core values to include Social Responsibility: a Review of Current Concepts Research. 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