MGMT 200 Chapter Notes - Chapter 2: Corporate Social Responsibility, Mixed Economy, Fairy
Document Summary
Csr is se(cid:396)iously (cid:272)o(cid:374)side(cid:396)i(cid:374)g the i(cid:373)pa(cid:272)t of the (cid:272)o(cid:373)pa(cid:374)ies" a(cid:272)tio(cid:374)s o(cid:374) so(cid:272)iety. The concept of csr grew out of the ideas of business criticism and the increased concern for the social environment and the changed social contract. The commitment to social responsibility by businesses has led to an increase in responsiveness and action by businesses. Corporate social responsibility concepts: corporate social responsibility: emphasizes obligation, corporate social responsiveness: emphasizes action, corporate social performance: emphasizes outcomes. The growth of these ideas has brought about a society that is more content with business actions. Even though these have decreased the number of factors leading to business criticism it has at the same time increased the expectations that may result in more criticisms. The economic model is that which the classical view held that a society is best able to determine its wants and needs through the marketplace.
