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Lecture Business and society - Chapter 2: Corporate Citizenship: Social Responsibility, Responsiveness, and Performance

Contents: The Corporate Social Responsibility (CSR) as a Concept, Traditional Arguments Against and For CSR, Corporate Social Responsiveness, Corporate Social Performance, Corporate Citizenship, Social Performance and Financial Performance Relationship, Sustainability – Profits, People, Planet Socially Responsible, Sustainable, Ethical Investing. | © 2015 Cengage Learning Chapter 2 Corporate Citizenship: Social Responsibility, Responsiveness, and Performance © 2015 Cengage Learning Learning Outcomes (1 of 2) Explain how corporate social responsibility (CSR) evolved and encompasses economic, legal, ethical, and philanthropic components. Provide business examples of CSR and corporate citizenship. Differentiate between corporate citizenship, social responsibility, responsiveness, and performance, and sustainability. Elaborate on the concept of corporate social performance (CSP). © 2015 Cengage Learning Learning Outcomes (2 of 2) Explain how corporate citizenship develops in stages in companies. Describe the triple bottom line and its relevance to sustainability. Describe the socially responsible investing movement’s characteristics. © 2015 Cengage Learning Chapter Outline The Corporate Social Responsibility (CSR) as a Concept Traditional Arguments Against and For CSR Corporate Social Responsiveness Corporate . | © 2015 Cengage Learning Chapter 2 Corporate Citizenship: Social Responsibility, Responsiveness, and Performance © 2015 Cengage Learning Learning Outcomes (1 of 2) Explain how corporate social responsibility (CSR) evolved and encompasses economic, legal, ethical, and philanthropic components. Provide business examples of CSR and corporate citizenship. Differentiate between corporate citizenship, social responsibility, responsiveness, and performance, and sustainability. Elaborate on the concept of corporate social performance (CSP). © 2015 Cengage Learning Learning Outcomes (2 of 2) Explain how corporate citizenship develops in stages in companies. Describe the triple bottom line and its relevance to sustainability. Describe the socially responsible investing movement’s characteristics. © 2015 Cengage Learning Chapter Outline The Corporate Social Responsibility (CSR) as a Concept Traditional Arguments Against and For CSR Corporate Social Responsiveness Corporate Social Performance Corporate Citizenship Social Performance and Financial Performance Relationship Sustainability – Profits, People, Planet Socially Responsible, Sustainable, Ethical Investing Summary © 2015 Cengage Learning Allegations Against Business - Business - Has little concern for the consumer Cares nothing about the deteriorating social order Has no concept of ethical behavior Is indifferent to the problems of minorities and the environment These claims have generated an unprecedented number of pleas for companies to be more socially responsible. © 2015 Cengage Learning Corporate Social Responsibility As a Concept Early Definitions - CSR means seriously considering the impact of a company’s actions on society. CSR requires the individual to consider his or her acts in terms of a whole social system, and holds him or her responsible for the effects of his or her acts anywhere in that system. These definitions provide useful insights into the concept of Corporate Social .