Summary
CSR 314 full summary
- Course
- CSR 314 (CSR314)
- Institution
- Stellenbosch University (SUN)
CSR 314 full summary From textbook and slides.
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Management of Corporate Social Responsibility 314Textbook: Business & Society 11th Edition
Chapter 1: The Business and Society Relationship ............................................................. 3
Unit 1.1 ........................................................................................................................................... 3
Unit 1.2 ........................................................................................................................................... 3
Unit 1.3 ........................................................................................................................................... 5
Unit 1.4 ........................................................................................................................................... 7
Unit 1.5 ......................................................................................................................................... 10
Chapter 2- Corporate Social Responsibility, Performance, and Impact ........................ 12
Unit 2.1 ......................................................................................................................................... 12
Unit 2.2 ......................................................................................................................................... 21
Unit 2.3 ......................................................................................................................................... 23
Unit 2.4 ......................................................................................................................................... 23
Unit 2.5 ......................................................................................................................................... 23
Unit 2.6 ......................................................................................................................................... 25
Unit 2.7 ......................................................................................................................................... 27
Unit 2.8 ......................................................................................................................................... 27
Unit 2.9 ......................................................................................................................................... 28
Summary ..................................................................................................................................... 29
Chapter 3: The Stakeholder Approach to Business, Society, and Ethics ..................... 33
Unit 3.1 ......................................................................................................................................... 33
Unit 3.2 ......................................................................................................................................... 34
Unit 3.3 ......................................................................................................................................... 38
Unit 3.4 ......................................................................................................................................... 39
Unit 3.5 ......................................................................................................................................... 40
Unit 3.6 ......................................................................................................................................... 44
Unit 3.7 ......................................................................................................................................... 47
Summary ..................................................................................................................................... 48
Chapter 4: Sustainability and the Natural Environment .................................................... 49
Unit 4.1 ......................................................................................................................................... 49
Unit 4.2 ......................................................................................................................................... 51
Unit 4.3 ......................................................................................................................................... 52
Unit 4.4 ......................................................................................................................................... 52
Unit 4.5 ......................................................................................................................................... 53
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, Unit 4.7 ......................................................................................................................................... 54
Unit 4.8 ......................................................................................................................................... 55
Summary ..................................................................................................................................... 55
Note from Lecturer: Approaching assessment → discuss = how it is defined (detail), apply it
(broader discussion & contextualise what the definition means) Show with example to bring it
to life – case study if provided or example you know (Think fashion industry)
*LO = Learning objective
70 marks, 2 hours.
10marks-20-mark essay questions
1. Sate the theory/ define the concept.
2. Apply it to an example.
Read the question!
FASHION INDUSTRY! Case study. Be able to have examples to apply to theory.
MCQ
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,Chapter 1: The Business and Society Relationship
Unit 1.1
Business & Society relationship
LO1: Define and explain business and society as foundational concepts.
Describe how society is viewed as the macroenvironment.
Definitions
Business - the collection of private, commercially oriented organizations ranging in
size from one-family proprietorships to multinational corporations.
Society - a community, nation, or broad grouping of people with common traditions,
values, institutions, and collective activities and interests.
Macroenvironment - the total environment outside the firm, the comprehensive
societal context in which the organization resides.
Society - is the macroenvironment in which businesses operate.
Why is sustainability important to the business and society relationship?
Sustainability benefits consumers as it focuses on the long term. Reputations of
businesses directly effected by sustainability & has large effect on the business’s
success. Sustainability is central to businesses fulfilling their social responsibilities to
society, & this is central to businesses appropriately relating to their stakeholders.
Unit 1.2
Society as the macro-environment
Conceptualizing the macro environment – includes the total environment outside of
the firm. The macroenvironment is the comprehensive societal context in which
organizations reside.
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, *Economic environment – variables of interest include such indices such as gross national
product, inflation, interest rates, unemployment rates, foreign exchange fluctuations, national
debt, global trade, balance of payments, and other indices of economic activity. Hyper
competition in the world economy has dominated the economic segment of this environment
and global competitiveness = ongoing issue for businesses. Businesses moving jobs
offshore to lower their labour costs have been a controversial trend.
* Political environment – interest to businesses → regulatory process, taxation, and changes
that occur over time in business regulation of various industries, products and different
issues. Global level= climate change, poverty, an aging population, energy resources, and
technology transfer= current issues. Political polarization.
* Technological environment – The process and speed of technological change is significant.
(Pace of innovation, invention, and diffusion)
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