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13 Cards in this Set
- Front
- Back
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business for Social Responsibility
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business formed to fill an urgent need for a national business allinace that fosters socially responsible corporate policies
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corporate social responsibility
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the impact of the company's actions on society
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ethical responsibilities
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activities and practices that are expected or prohibited by society even though they are not codified into law
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economic responsibilities
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a concept that is directed toward a businesses financial effectiveness, be profitable, maximize sales, and minimize costs
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philanthropy
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The effort or inclination to increase the well-being of humankind, as by charitable aid or donations
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corporate citizenship concept
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responsibility/responsiveness/performance
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economic model
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philanthropy/community obligations/paternalism/motivation
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paternalism
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practice of treating or governing people in a fatherly manner, especially by providing for their needs without giving them rights or responsibilities.
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the total CSR equation
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economic responsibilities, legal responsibilites, ethical responsiblities, philanthropic responsibilities
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corporate citizenship
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a relection of shared moral and ethical principles as well as a form of enlighted self-interest that balances stakeholders' claims and enhances a company's long term value
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The socially conscious investing movement
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uses social or ethical criteria, as well as financial criteria, to make investment decisions
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The most practical reason for businesses to be socially responsible is
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to ward off government intervention
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The multiple bottom-line perspective holds that
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there are three key spheres of sustainability -- economic, social, and environmental
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