Management and Organizational Studies 2285 Lecture Notes - Lecture 6: Gie, Extortion, Institute Of Environmental Sciences And Technology

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2285
• Professor: Trevor Hunter

Document Summary

Corporate social responsibility (csr) is behaviour in which firms engage that considers the interest of stakeholders outside of the firm, along with and not solely including those of the firm itself. Definition depends upon the perspective you take as to why firms might engage in csr: legitimacy a(cid:272)ti(cid:374)g i(cid:374) the fi(cid:396)(cid:373)"s i(cid:374)te(cid:396)est, public responsibility a(cid:272)ti(cid:374)g i(cid:374) so(cid:272)iet(cid:455)"s i(cid:374)te(cid:396)est, managerial discretion a(cid:272)ti(cid:374)g i(cid:374) the i(cid:374)di(cid:448)idual"s i(cid:374)terest. The social responsibility of business encompasses the economic, legal, ethical and discretionary expectations that society has of organizations carroll, 1979. Csr is what society says it is, a(cid:374)d the fi(cid:396)(cid:373) itself does(cid:374)"t de(cid:272)ide, it si(cid:373)pl(cid:455) (cid:396)ea(cid:272)ts legitimacy. Business corporations have an obligation to work for the social betterment fredrick 1986. Firms must go beyond simply doing what is expected, but be proactive in improving society since its success is a result of its use of that society public responsibility.