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CSR Assignment.
CSR Assignment.
Marys university
Department of management
Business ethics
Individual assignment
Id number: RMD/1667/2011
Section: A
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).
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).
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.
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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 societys other expectations enterprises. The point here is
that the infrastructure of is built upon the premise of an economically sound sustainable business.
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
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.
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.
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.
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References
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.