Question
Social responsibility (SR, also called corporate conscience, corporate citizenship, or responsible business) is a form of corporate self-regulation integrated into a business model. SR policy
Social responsibility (SR, also called corporate conscience, corporate citizenship, or responsible business) is a form of corporate self-regulation integrated into a business model. SR policy functions as a self-regulatory mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and national or international norms. With some models, a firm's implementation of SR goes beyond compliance and engages in "actions that appear to further some social good, beyond the interests of the firm and that which is required by law." The aim is to increase long-term profits and shareholder trust through positive public relations and high ethical standards to reduce business and legal risk by taking responsibility for corporate actions. SR strategies encourage the company to make a positive impact on the environment and stakeholders including consumers, employees, investors, communities, and others.
1. Complete a written assignment that contains the following information:
A brief (one-paragraph) summary of the business you selected.
According to your research, how does the company rank with regard to Social Responsibility? Be sure to provide a source for this ranking!
Describe specific examples of corporate actions that resulted in this company's ranking.
Does a company's approach to Social Responsibility influence your purchasing decisions? Why or why not?
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