The Management Of Corporate Social Responsibility 314
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Summary Management of corporate social responsibility 314 Stellenbosch University
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Course
The Management Of Corporate Social Responsibility 314
Institution
Stellenbosch University (SUN)
Book
Business & Society: Ethics, Sustainability & Stakeholder Management
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business and society ethics sustainability and stakeholder management 11th edition
stellenbosch csr 314 notes
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Chapter 1: Business and society
relationship
Created @February 13, 2023 11:01 AM
Type Lecture
Materials Chapter 1.pdf
Reviewed
What is corporate sustainability.
The network for business sustainability has a terminology list.
Comes from sustainable development- meets the needs of present generation without sacrificing
future generations needs and resources
Adopting sustainability creates value
Corporate sustainability needs to be cultivated, needs to become the base form of businesses.
They can do this by knowing what their clients ( stakeholders) need and want.
1. Treat employees and the environment well
2. Use natural resources well
💡 ESG —> Environmental, social and corporate governance
Business and society.
Chapter 1: Business and society relationship 1
, The relationship between business and society
business- a profit driven system where products or services are sold.
We want to engage with society in an ethical manner
What we do is influenced by our stakeholders ( chapter 3)
Chapter 1 - week 2
You need to be able to answer the following questions
1. Define and explain business and society as founda-tional concepts. Describe how society is
viewed as the macroenvironment.
2. Explain the characteristics of a pluralistic society. Describe pluralism and identify its
attributes, strengths, and weaknesses
3. Clarify what is a special-interest society and how it poses special challenges for business.
4. Identify, discuss, and illustrate the factors leading up to business criticism and corporate
response. What is the general criticism of business? How may the balance of power and
responsibility be resolved?
5. Identify what is the changing social contract. Is it better or worse for stakeholders?
6. Make clear the major themes characterizing this book: managerial approach, business ethics,
sustainability, and stakeholder management.
1.1 Business and society.
Chapter 1: Business and society relationship 2
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