This document contains summaries made from "Consumo Business studies textbook" which summarizes corporate social responsibility; CSR Reporting; principles that should be implemented into the CSR strategy; designing a CSR programme; levels of responsibility.
- Business is managed in a way that it ensures its commercial sustainability while acting in a manner
that will meet society’s expectations of the business by contributing to society and the
environment.
➢ An ethical citizen:
- Will engage with relevant stakeholders to ensure the sustainability of society and the environment.
1. Primary responsibility:
➢ Business obligation to look after the interest of stakeholders.
➢ This will include employees and shareholders.
2. Secondary responsibility:
➢ It towards stakeholders who are indirectly affected by the business’s activities.
➢ E.g., government, community, environment.
, The two pioneers in the field of CSR:
1. BLOWFIELD.
2. MURRAY.
• Pyramid used to determine level of responsibility:
1. Discretionary responsibility.
2. Ethical responsibility.
3. Legal responsibility.
4. Economic responsibility.
• Economic responsibility:
➢ Business is responsible to ensure that it is economically active.
• Legal responsibility:
➢ All businesses have the responsibility to ensure it is respecting the laws of the country in which it
operates.
➢ By obeying the law, the business is a responsible citizen in the business society.
• Ethical responsibility:
➢ Ensure business is making ethical sound decisions that will not have a negative impact on
stakeholders.
• Discretionary responsibility:
➢ Business should consider how or what and to whom the business will give back.
➢ {it is about building a brand with values and ensuring they are being practiced.}
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller kayleevandyk. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $4.76. You're not tied to anything after your purchase.
