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Read e-book online Business and Society: Ethics and Stakeholder Management PDF

By Archie B. Carroll

Enterprise AND SOCIETY: ETHICS AND STAKEHOLDER administration makes use of a considerate presentation of state of the art study besides 37 case histories to assist scholars comprehend the relationships among enterprise and society stakeholders. The managerial standpoint of this article emphasizes the dual topics of stakeholders and ethics. It exhibits scholars how you can combine moral concerns into all their decision-making. this article employs a stakeholder administration framework that emphasizes business's social and moral tasks to either inner and exterior stakeholders.

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The literal act of responding, or of achieving a generally responsive posture, to society is the focus. . 33 However, we would argue that the moral dimension is implicit in CSR, as we included it in our basic four-part definition. Epstein’s Process View Edwin Epstein discusses corporate social responsiveness within the context of a broader concept that he calls the corporate social policy process. In this context, Corporate Social Responsibility, Responsiveness, and Performance Chapter 2 Corporate Social Responsibility, Responsiveness, and Performance 43 Epstein emphasizes the process aspect of social responsiveness.

Managers would have a systematic framework for thinking through not only the social issues they face but also the managerial response patterns they should contemplate. The model could serve as a guide in formulating criteria to assist the organization in developing its posture on various stakeholder issues. The net result could be an increase in the amount of systematic attention being given to the entire realm of corporate social performance. Wartick and Cochran’s Extensions Before leaving our discussion of the CSP model, it is important to examine extensions of the model.

The CEP issued what it called the first comprehensive shopping guide for the socially conscious consumer, with the goal of “enhancing corporate performance as it affects society in critically important areas. . ”48 This 500-page volume rated corporate social performance by analyzing comparable data and presenting it in a practical format. The authors chose seven issues on which to base their judgments of CSP:49 1. 2. 3. 4. 5. 6. 7. Charitable contributions Representation of women on boards of directors and among top corporate officers Representation of minorities on boards of directors and among top corporate officers Disclosure of social information Involvement in South Africa Conventional-weapons–related contracting Nuclear-weapons–related contracting Included in the book were product charts and company profiles that assessed the firms and their products using the criteria presented above.

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