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Summary Corporate Social Responsibility - Business studies GR 11 IEB summaries/notes CA$6.47   Add to cart
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Summary Corporate Social Responsibility - Business studies GR 11 IEB summaries/notes

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  • Course
  • Business Studies
  • Institution
  • 11th Grade

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.

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Document information

  • February 10, 2023
  • 6
  • 2020/2021
  • Summary

Subjects

  • csr
  • levels of responsibility
  • interest groups
  • csr reporting
  • designing a csr programme

Written for

  • 11th Grade
  • Business Studies
  • 200
All documents for this subject (164)

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Content preview

Chapter 2
• Corporate social responsibility.

➢ Corporate social 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.




CSR ISSUES:
1. Crime.
2. Lack of education.
3. Unemployment.
4. Environmental concerns.
5. Poor health services.
6. Inequality.
7. Poor housing.
8. Poverty.



• Two levels of responsibility:

1. Primary responsibility.
2. Secondary responsibility.



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.}

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