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CSR

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7 views2 pages

CSR

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ybui.31221025624
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CSR

Question 1: What is the relationship among Business Ethics, Corporate Culture and
Corporate Social Responsibility?
Answer: Chapter 5 expands on the ideas about environment, corporate culture, and the
international environment discussed in Chapters 3 and 4 to explore the issues of ethical
behavior and corporate social responsibility.
Discussing the topic of ethical values, which builds on the idea of corporate culture.
Culture is set of key values, beliefs, understandings and norms shared by members of an
organization. Ethics is the code of moral principles and values that governs the behaviors
of a person or group with respect to what is right or wrong and sets standards as to what
is good or bad in conduct and decision making. We look at the current ethical climate in
corporate America, consider the business case for ethics and social responsibility, and
examine fundamental approaches that can help managers think through difficult ethical
issues. We also examine organizational relationships to the external environment as
reflected in corporate social responsibility.
Question 2: Draw the pyramid of CSR? What are 4 duties of CSR? Explain and give
example for each duty?
Answer: ⁎ The pyramid of CSR:
⁎ 4 duties of CSR: economic responsibility, legal responsibility, ethical responsibility,
discretionary responsibility.
• The first criterion of social responsibility is economic responsibility. The business
institution is, above all, the basic economic unit of society. Its responsibility is to produce
the goods and services that society wants and to maximize profits for its owners and
shareholders. Economic responsibility, carried to the extreme, is called the profit-
maximizing view.
Ex: When a company modifies its manufacturing processes to include recycled products,
which could benefit the company by potentially lowering the cost of materials and also
benefit society by consuming fewer resources.
• Legal Responsibility defines what society deems as important with respect to
appropriate corporate behavior. That is, businesses are expected to fulfill their economic
goals within the framework of legal requirements imposed by local town councils, state
legislators, and federal regulatory agencies.
Ex: It’s a business’s duty to pay taxes to the government and keep its account books clean as
it helps the government to track the economic state of the company.
• Ethical Responsibility includes behaviors that are not necessarily codified into law and
may not serve the corporation’s direct economic interests. As described earlier in this
chapter, to be ethical, organization decision makers should act with equity, fairness, and
impartiality, respect the rights of individuals, and provide different treatment of
individuals only when relevant to the organization’s goals and tasks. Unethical behavior
occurs when decisions enable an individual or company to gain at the expense of other
people or society as a whole.
Ex: Setting a higher minimum wage, guaranteeing all materials are ethically sourced, and
ensuring that all employees receive competitive pay and comprehensive benefits as well
as treated with respect.
• Discretionary Responsibility is purely voluntary and is guided by a company’s desire
to make social contributions not mandated by economics, law, or ethics. Discretionary
activities include generous philanthropic contributions that offer no payback to the
company and are not expected.
Ex: Organizations contribute to society through voluntary activities such as subsidizing
orphanages, supporting scholarships, sponsoring study promotion programs, etc.

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