By Archie B. Carroll
Company AND SOCIETY: ETHICS AND STAKEHOLDER administration makes use of a considerate presentation of state-of-the-art learn in addition to 37 case histories to assist scholars comprehend the relationships among company and society stakeholders. The managerial standpoint of this article emphasizes the dual issues of stakeholders and ethics. It exhibits scholars how you can combine moral issues into all their decision-making. this article employs a stakeholder administration framework that emphasizes business's social and moral obligations to either inner and exterior stakeholders.
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Additional resources for Business and Society: Ethics and Stakeholder Management
Rather, it FIGURE 2– 4 A Stakeholder View of Corporate Social Responsibility Stakeholder Group Addressed and Affected CSR Component Owners Consumers Employees Community Others Economic 1 4 2 3 5 Legal 3 2 1 4 5 Ethical 4 1 2 3 5 Philanthropic 3 4 2 1 5 Numbers in cells suggest the prioritization of stakeholders addressed and affected within each CSR component. Numbers are illustrative only. Corporate Social Responsibility, Responsiveness, and Performance Chapter 2 Corporate Social Responsibility, Responsiveness, and Performance 39 appears that the critics are viewing CSR more narrowly—as only the efforts of the organization to pursue social, noneconomic/nonlegal goals (our ethical and philanthropic categories).
Are there not Businesses are very interested in CSR. One leading organizaabsolutes, areas in which all firms must be tion that companies join to learn more about CSR is Business responsible? Yes, there are, and these are exfor Social Responsibility (BSR). BSR is a national business association that helps companies seeking to implement polipressed by those expectations society has transcies and practices that contribute to the companies’ sustained lated into legal aspects of the social contract.
The numbers in the cells are not based on empirical evidence but are only suggestive. Other priority schemes could easily be argued. As we study the evolution of business’s major areas of social concern, as presented in various chapters in Parts 2 and 3, we will see how our model’s four facets (economic, legal, ethical, and philanthropic) provide us with a useful framework for conceptualizing the issue of corporate social responsibility. The social contract between business and society is to a large extent formulated from mutual understandings that exist in each area of our basic model.
Business and Society: Ethics and Stakeholder Management by Archie B. Carroll