Comment about these answers.

1. Explain the concepts related to social responsibility and how a company's ethics support and determine its position on social responsibility.

The concepts of social responsibility explains the way managers and employees of a company view their duty to make decisions to protect, enhance, and promote for the well being of stakeholders. Any kind of decisions will reflect the aspects of a company. A company's decision on business is broken down to four factors; occupational, individual, societal, and organizational ethics. Societal ethics are standards on how members of a society are govern involving issues like fairness, justice, poverty, and rights of an individual. Occupational ethics contain how members are govern on a profession, trade, or craft on performing work-related activities. Individual ethics are personal standards to determine how people view their responsibilites and how they act on it. Lastly, organizational ethics are the practices and beliefs a company view their responsibility to their stakeholders.

2. Discuss how this company implements the One-for-One Giving model as a social responsible act.

Bombas' One-for-One method is a good example of social responsibility since the company decided to donate a pair of socks for every purchase. The decision of Bombas to donate a pair of socks after each purchase was a mission-based market decision. Goldberg and Heath found a cause in homelessness and donated socks to homeless shelters after knowing socks are the number one requested item. Within this decision that impacts the community, customers would continue purchasing their product because of this cause.

3. Explain the four main approaches toward social responsibility (obstructionist, defensive, accommodative, and proactive) and determine whoch approach Bombas implements. Explain why you chose the approach. Include rationales from the course textbook and the Case Study article to support your choice.

The four different approach of social responsibility are known as obstructionist, defensive, accommodative, and proactive. Obstructionist are companies and mamagers choosing not to behave in an illegal and unethical way instead of socially responsible one. Defensive approach is to behave ethically to stay within the law and strictly abide by legal requirements. The accommodative approach is the legal and ethical behavior to try and balance the interests of different stakeholders as the need arises. Proactive approach is actively embracing the social responsibility to learn the needs of different stakeholders and using resources to promote their interests. Bombas went with the proactive approach since they learn their products can help their community and helps their customers feel good about their purchases.

4. Discuss how has social media contributed to this company's success as a competitive advantage. Provide examples from the Case Study article.

Social media has contributed to Bombas' success by encouraging their customers to post their purchases online. Customers can post their socks with the hashtag #BeeBetter, allowing them to contribute their involvement with their mission. The more customers promote their products on social media, the more success One-for-One model will gain with more exposure.