Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi please read the instructions for this make sure to follow all the instructions. the concept of CSR is introduced.As briefly explained in the chapter,there

Hi

please read the instructions for this make sure to follow all the instructions.

the concept of CSR is introduced.As briefly explained in the chapter,there are ongoing debates on the "responsibility"of firms.Two representative views on CSRare:

For more information,please check out below:

image text in transcribed
Traditional View: (Friedman) Shared Value View: (Porter) . Shareholder capitalism: Corporate social responsibility shareholders - the providers (CSR): obligations extend beyond the of the necessary risk capital economic responsibility and include and the legal owners of legal, ethical, and philanthropic public companies - have the societal expectations most legitimate claim on profits. Discretionary responsibilities THERE IS ONE AND ONLY ONE Ethical SOCIAL RESPONSIBILITY responsibilities OF BUSINESS - TO USE ITS Legal RESOURCES AND ENGAGE IN responsibilities ACTIVITIES DESIGNED TO INCREASE ITS PROFITS Economic responsibilities MILTON FRIEDMAN Source: Capitalism and Freedom (1962) Social Responsibility Categories (Carroll, 1979) source: http://www.waynevisser.com/wp- content/uploads/2012/04/chapter wvisser africa est pyramid.pdf

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Hospitality Management Strategies

Authors: Ronald A Nykiel, Ronald A CHE CHA Nykiel PhD

1st Edition

0130618764, 9780130618764

More Books

Students also viewed these General Management questions

Question

A greater tendency to create winwin situations.

Answered: 1 week ago