Social Responsibilities And Moral Character Of Business - understood not
Social responsibility is an ethical framework and suggests that an individual has an obligation to work and cooperate with other individuals and organizations for the benefit of society at large. A trade-off may exist between economic development, in the material sense, and the welfare of the society and environment, [1] though this has been challenged by many reports over the past decade. It pertains not only to business organizations but also to everyone whose any action impacts the environment. Social responsibility must be intergenerational since the actions of one generation have consequences on those following. Businesses can use ethical decision making to secure their businesses by making decisions that allow for government agencies to minimize their involvement with the corporation. Some critics argue that corporate social responsibility CSR distracts from the fundamental economic role of businesses; others argue that it is nothing more than superficial window-dressing, or " greenwashing "; [11] others argue that it is an attempt to pre-empt the role of governments as a watchdog over powerful corporations though there is no systematic evidence to support these criticisms. A significant number of studies have shown no negative influence on shareholder results from CSR but rather a slightly negative correlation with improved shareholder returns. Corporate social responsibility or CSR has been defined by Lord Holme and Richard Watts in the World Business Council for Sustainable Development 's publication "Making Good Business Sense" as "…the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as the local community and society at large. Evidence suggests that CSR taken on voluntarily by companies will be much more effective than CSR mandated by governments. Every company has different CSR objectives though the main motive is the same, though these CSR often involves conflicts of interest that must be navigated.Social Responsibilities And Moral Character Of Business Video
Social responsibility of business - class - 11 - business studiesSocial Responsibilities And Moral Character Of Business - ideal answer
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Social Responsibilities And Moral Character Of Business.
Processing the material causes more waste and the final products will not be as safe for customers, but the company will make more money overall. Feb 03 PM Solution. Questions Courses. Determine which moral standard of social responsibility the business is observing.
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Earl's company Moral Minimum Standard B. Profit-Maximizing Moral Standard C. Stakeholder Theory Moral Standard D. Indeterminable E. Corporate Citizenship Moral Standard. Feb 03 PM. Expert's Answer Solution.
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Now all became clear, many thanks for an explanation.
I shall simply keep silent better