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    Yared Teshome
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    This document contains an individual assignment on business ethics submitted by Yared Teshome to their professor Mr. Binyam Ahmed. It discusses three key topics: [1] definitions of corporate social responsibility, [2] Carroll's pyramid of CSR which places different types of CSR responsibilities in a pyramid structure from basic to more discretionary, and [3] arguments for and against corporate social responsibility. The document provides references and was submitted on April 7, 2021 for review.

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    This document contains an individual assignment on business ethics submitted by Yared Teshome to their professor Mr. Binyam Ahmed. It discusses three key topics: [1] definitions of corporate social responsibility, [2] Carroll's pyramid of CSR which places different types of CSR responsibilities in a pyramid structure from basic to more discretionary, and [3] arguments for and against corporate social responsibility. The document provides references and was submitted on April 7, 2021 for review.

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    111 views5 pages

    CSR Assignment.

    Uploaded by

    Yared Teshome
    This document contains an individual assignment on business ethics submitted by Yared Teshome to their professor Mr. Binyam Ahmed. It discusses three key topics: [1] definitions of corporate social responsibility, [2] Carroll's pyramid of CSR which places different types of CSR responsibilities in a pyramid structure from basic to more discretionary, and [3] arguments for and against corporate social responsibility. The document provides references and was submitted on April 7, 2021 for review.

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    © All Rights Reserved
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    Flag for inappropriate content
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    of 5

    St.

    Mary’s university
    Department of management
    Business ethics
    Individual assignment

    Name: YARED TESHOME

    Id number: RMD/1667/2011

    Section: A

    Submitted to: Mr. Binyam Ahmed


    Date of submission: April 7, 2021
    1. Definition of corporate social responsibility

    Corporate social responsibility is the notion that corporations have an obligation to constituent
    groups in society other than stockholders and beyond prescribed by law and union contract. Two
    facets of this definition are. First, the obligation must be voluntarily adopted; behavior
    influenced by the coercive forces of law or union contract is not voluntary. Second, the
    obligation is a broad one, extending beyond the traditional duty to other societal groups such as
    customers, employees, suppliers, and neighboring communities (Jones, 1980, pp. 59-60).

    Corporate social responsibility relates primarily to achieving outcomes organizational decisions


    concerning specific issues or problems (by some normative standard) have beneficial rather than
    adverse effects on pertinent corporate stakeholders. The normative correctness of the of
    corporate action have been the main focus of corporate social responsibility (Epstein, 1987, p.
    104).

    In addition, from Epstein to defining CSR, Epstein (1987) defined corporate social and business
    ethics and then brought them together into he called the “corporate social policy process.” He
    added, “The nub the corporate social policy process is the institutionalization within business
    organizations of the following three elements ...business ethics, corporate social responsibility
    and corporate social responsiveness” (p. 106).

    social responsibility in business is the pursuit of socioeconomic goals through the elaboration of
    social norms in prescribed business; or, to put it more simply, business takes place within a
    socio-cultural that outlines through norms and business roles particular ways of responding to
    particular situations and sets out in some detail the prescribed of conducting business affairs
    (Johnson, 1971, p. 51).

    2. The Carroll’s pyramid of CSR

    The four-part definition of CSR was originally published 1979. In 1991, Carroll extracted the
    four-part definition and recast it in the form of a CSR pyramid. The of the pyramid was to single
    out the definitional of CSR and to illustrate the building block nature the four-part framework.

    2
    The pyramid was selected as a geometric design because it is simple, intuitive, and to withstand
    the test of time.

    Consequently, the responsibility was placed as the base of the because it is a foundational
    requirement in. Just as the footings of a building must be to support the entire edifice, sustained
    profitability must be strong to support society’s other expectations enterprises. The point here is
    that the infrastructure of is built upon the premise of an economically sound sustainable business.

    A. Discretion / philanthropic responsibility

    Discretion responsibility is desired by the society acting as to be a good corporate citizen by


    resources to the community and improve quality of life. it includes all forms of business.
    Corporate philanthropy embraces business’s voluntary or discretionary activities for example by
    donations in the form of time, money, or resources for national, regional, or international
    charities

    B. Ethical responsibility

    Ethical responsibility to expected by the society it's normative expectations recognizing and
    respecting new or evolving Ethical and moral standards that have been adopted By society and
    performing in a way that's Fair and consistent With society's expectations.

    C. Legal responsibility

    Legal responsibility is required by the society, that complying and obey the rule and obligations
    by the codification of right or wrong with the minimum rules That have been set to operate and
    function within those rules.

    D. Economic responsibility

    a legal responsibility economic responsibility is required by the society, the economic


    responsibility of the companies is about producing Goods and providing services that society
    needs and to make a profit on them. Companies have shareholders who demand and expect a
    reasonable Return on their investments they have employees who want to do their job safely.

    3. Arguments for and against corporate social responsibility


    3
    A. Arguments for corporate social responsibility

     Protect the interests of stakeholders

    Labour force is united into unions which demand protection of their rights from business
    enterprises. To get the support of workers, it has become necessary for organisations to discharge
    responsibility towards their employees.

     Long-run survival

    Business organisations are powerful institutions of the society. Their acceptance by the society
    will be denied if they ignore social problems. To avoid self-destruction in the long-run, business
    enterprises assume social responsibility.

    B. Arguments against corporate social responsibility

    social responsibility is limited On the following grounds, such as:

     Business is an economic entity

    It is argued by the opponents of social responsibility that basic function of a business enterprise
    is to look into economic viability of its operations. It is for the Government to look after interests
    of the society. The prime responsibility of assuming social responsibility should, therefore, be of
    the Government and not of the business enterprises.

     Quantification of social benefits

    What measures social responsibility and to what extent should a business enterprise be engaged
    in it, what amount of resources should be committed to the social values, whose interest should
    hold priority over others (shareholders should be preferred over suppliers or vice versa) and
    numerous other questions are open to subjective considerations, which make social responsibility
    a difficult task to be assumed.

    4
    References

    Jones, T. M. (1980, Spring). Corporate social responsibility revisited, redefined. California


    Review, 59-67

    Epstein, E. M. (1987). The corporate social policy process: Beyond business ethics, corporate
    social responsibility, and corporate social responsiveness. California Management, 29, 99-114.

    Johnson, H. L. (1971). Business in contemporary society: Framework and issues. Belmont, CA:
    Wadsworth.

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