08 Carroll's Corporate Social Responsibility Organizations today are held to very high ethical and social responsibility standards through both governmental regulation and public opinion. This activity is important because it is critical for managers to be familiar with the notion of corporate social responsibility. The goal of this exercise is to test your knowledge of Carroll's Corporate Social Responsibility Pyramid. Beckmart, a global retail chain, recently decided to look at its philosophy and practice of corporate social responsibility. As such, Janaya, the company's CEO, asked for a report on the socially responsible activities of her various managers. The results of some of that report follow. First, hover over each name and read the statement about each manager's socially responsible activities. Then click and drag each name to the correct area of social responsibility according to Carroll's Corporate Social Responsibility Pyramid. Asher Philanthropic Responsibility Laila Ethical Responsibility Taylor Legal Responsibility Orlando Economic Responsibility First, hover over each name and read the statement about each manager's socially responsible activities. Then click and drag each name to the correct area of social responsibility according to Carroll's Corporate Social Responsibility Pyramid. Asher Philanthropic Responsibility Laila Laila Laila always allows her employees to take time off for charity events. She feels it is important to "give back." Ethical Responsibility Taylor Orlando Legal Responsibility Taylor Orlando Economic Responsibility Asher Reset Asher First, hover over each name and read the statement about each manager's socially responsible activities. Then click and drag each name to the correct area of social responsibility according to Carroll's Corporate Social Responsibility Pyramid. Philanthropic Responsibility Laila Laila Ethical Responsibility Saved Although the ad that was sent out was wrong, Orlando felt it was important for the stores in his territory to honor the pricing-even though they were losing a little money on each sale. Orlando < Prev Taylor Legal Responsibility Taylor 6 of 25 Next > Orlando Economic Responsibility Help Asher Reset Save Asher irst, hover over each name and read the statement about each manager's socially responsible activities. Then click and drag each name to the correct area of social responsibility according to Carroll's Corporate Social Responsibility yramid. Philanthropic Responsibility Laila Laila Ethical Responsibility Saved As part of her job, Taylor ensures that income is reported properly. Not reporting income during the right period could result in fines. Orlando < Prex Taylor Legal Responsibility Taylor 6 of 25 Next > Orlando Economic Responsibility Help Asher Reset Save & Exit i Asher First, hover over each name and read the statement about each manager's socially responsible activities. Then click and drag each name to the correct area of social responsibility according to Carroll's Corporate Social Responsibility Pyramid. Philanthropic Responsibility Laila Laila Ethical Responsibility Saved Asher is diligent at controlling costs in his area. He is always mindful of profitability. Orlando < Prex Taylor Legal Responsibility Taylor 6 of 25 # Next > Orlando Economic Responsibility Help Asher Reset Save & Exit 3 How Does Being Good Pay Off? Organizations are under increasing pressure to do the right thing and serve the public good, and there are a multitude of ways that organizations can be ethical and socially responsible. Although organizations should always consider ways to do this, these decisions often come at a financial cost and thus create dilemmas for organizational decision makers. This activity is important because it highlights the ways that being socially responsible is beneficial for organizations. 01:33:34 eBook Mc Ge The goal of this exercise is to challenge your knowledge of research findings on how being ethical and socially responsible pays off for organizations. Listed in the diagram are statements showing how ethical and socially responsible behavior by a company affects various stakeholders. Read the statements and then drag each term to the element of ethical or socially responsible behavior that it best represents. Profits Employees Consumers want to spend more money Socially responsible companies generate with companies that significantly higher 5- are socially responsible year returns on invested capital Revenue An ethical scandal can cause a company's valuation to plummet Customers. Workers may be happier and less likely to leave when their company is socially responsible www Stock Price Interpersonal Relationships Investors are increasingly seeking socially responsible companies to put their money into Companies with effective ethics and compliance cultures find their employees are less likely to retaliate against one another