COMM1000 Lecture Notes - Lecture 6: Corporate Social Responsibility, Social Change, Sweatshop
11 Nov 2018
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Week 6 business, social impact and human rights. The social purpose system focusing on the private sector: for-profit companies provide a range of social services (e. g health and ageing), they also provide funding and other support to nfps. Many companies create positive change through corporate social responsibility (csr) and a subset might classify themselves as social enterprises. 42% businesses to include social and environmental responsibilities. Triple bottom line a concept which seeks to broaden the focus on the financial bottom line by. Social entrepreneurs leaders who use business processes (e. g tech innovation, entrepreneurial skills, market distributed mechanisms) to address unmet social needs and create positive social outcomes. Look at mission statement and reporting (does it only report financial bottom line?) Legal obligations of companies more specifically, of directors: Moral person argument: organisations should care not only for their shareholders but also for their stakeholders. Legal person argument: businesses should be concerned with making profit only.
