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13 Cards in this Set

  • Front
  • Back
business for Social Responsibility
business formed to fill an urgent need for a national business allinace that fosters socially responsible corporate policies
corporate social responsibility
the impact of the company's actions on society
ethical responsibilities
activities and practices that are expected or prohibited by society even though they are not codified into law
economic responsibilities
a concept that is directed toward a businesses financial effectiveness, be profitable, maximize sales, and minimize costs
philanthropy
The effort or inclination to increase the well-being of humankind, as by charitable aid or donations
corporate citizenship concept
responsibility/responsiveness/performance
economic model
philanthropy/community obligations/paternalism/motivation
paternalism
practice of treating or governing people in a fatherly manner, especially by providing for their needs without giving them rights or responsibilities.
the total CSR equation
economic responsibilities, legal responsibilites, ethical responsiblities, philanthropic responsibilities
corporate citizenship
a relection of shared moral and ethical principles as well as a form of enlighted self-interest that balances stakeholders' claims and enhances a company's long term value
The socially conscious investing movement
uses social or ethical criteria, as well as financial criteria, to make investment decisions
The most practical reason for businesses to be socially responsible is
to ward off government intervention
The multiple bottom-line perspective holds that
there are three key spheres of sustainability -- economic, social, and environmental