BA 3301 Lecture Notes - Lecture 71: Janet Yellen, Corporate Social Responsibility, Steven Mnuchin
Document Summary
Organizaion"s guiding values, created an environment that supports ethically sound behavior, and stress shared accountability. Corporate social responsibility is the concern that businesses have for the welfare of society i"ve is based on a commitment to integrity, fairness, and respect. Some, though, believes that the only social responsibility of business is to make money from stockholders. Businesses demonstrate responsibility to stakeholders by saisied customers with goods at services, making money for investors, created jobs for employees, and creaing new wealth for society. A corporate social audit measures that organizaions progress towards social responsibility. Some people believe that the audit should add together the organizaion"s posiive acions and then subtract the negaive efects to get a net social beneit. Many u. s businesses are demanding socially responsible behavior from their internaional suppliers by making sure their suppliers do not violate u. s human rights and environmental standards.
