Chat with AIExam 2: Orporate Citi7cnship: Social Responsibility Ferformancc, Sustolinability
The primary argument for corporate social responsibility states that for business to have a healthy climate in which to operate in the future,it must take current action to assure its long-term viability.Is this long-range self-interest
argument valid? Does it encompass all that society wants from business?
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VerifiedStudents should recoguize that the argument is certainly valid.Survival is a central motive for all organisms/organizations.Therefore,taking action to improve one's chances for survival is a valid and appropriate response.This is true whether one is talking about eating the right foods and exercising for humans,or socially responsible activities for corporations.The debate should take place over the question of whether it encompasses all that society wants from business.Stated in another way,is survival
the only motive we expect from each other and from our business institutions? Some students will be convinced that self interest is all that we can realistically expect from business,while others will argue that business is part of a larger society,and thus should be expected to contribute to society in ways that benefit others,for reasons beyond survival.This debate should mirror the continuing discussion between individualistic political philosophers and communitarians
In Carroll's four-part defmition of corporate social responsibility,he includes philanthropic responsibilities,yet he describes these as voluntary or discretionary.Explain this seeming contrast between a responsibility and a voluntary
activity.
(89) VerifiedCarroll says that philanthropy is a responsibility because it is expected of business by society.However,it is not required,as are the economic and legal responsibilities.Business can forego philanthropic activities without suffering sanctions from society,and it has discretion in what causes it supports and how it contributes to those causes
The concept of business responsibility based on using laws to constrain business behavior is referred to as the
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The Generous Corporation argues that corporations began their philanthropic activities primarily out of self interest.By doing so,they are able to keep govermnent from intervening in their business activities and imposing more regulations on them.Assuming that this argument is valid,and the firms' motives are primarily self interested,evaluate whether or not the motives are important.That is,are fmns' philanthropic activities less valuable because
they are motivated by self interest? Explain your answer.
(75) The relationship between corporate social performance and financial performance is viewed from three different perspectives.The most popular view is based on the belief that
(70) The classical view of economics holds that a society can best determine its needs and wants through
(78) In order to operate with a true stakeholder perspective,firms must accept the multiple bottom line view.
(70) The first and primary argument for corporate social responsibility is
(91) Summarize the argumeut used to explain why the concept of corporate social responsiveness is an improvement over corporate social responsibility.
(82) Research has indicated that improvements in corporate social performance are associated with improved fmancial results.
(74) One of the arguments against corporate social responsibility is that by requiring more ofU.S.corporations,they may be put at a disadvantage relative to foreign competitors.Evaluate this argument.
(84) The relationship between corporate social performance and financial performance is viewed from three different perspectives.The symbiotic view
(70) The modern era of corporate social responsibility (from the 1950s to today)
(88) Explain the concept of "multiple bottom lines." Why do advocates of this approach prefer it over the traditional method of measuring the finn's fmancial performance?
(73) Corporate social performance emphasizes the financial results of what the finn hopes to accomplish.
(85) The corporate social performance concept has not yet spread to the business community.
(72) Which entity publishes "The 100 Best Companies to Work For"?
(81) Corporate social responsiveness is focused on the action phase of management response to social demands.
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