CSR BASICS 1
This term refers to a company’s actions that aim to benefit society while still operating profitably.
What is Corporate Social Responsibility (CSR)?
This perspective argues that a company’s only responsibility is to maximize profits for shareholders.
What is the Profit Maximization (classical view) of CSR?
These individuals or groups are responsible for making major decisions and ensuring accountability in a company.
Who are the board of directors?
CSR exists to create a positive impact on this group, which includes employees, communities, and the environment.
Who are stakeholders?
This perspective believes companies should balance profits with social responsibility, considering all affected parties.
What is the stakeholder view of CSR?
This interpretation of CSR focuses on the idea that a company’s main responsibility is to maximize profits while obeying the law.
What is the economic view of CSR?
CSR’s purpose goes beyond profit; it also aims to improve these aspects of society.
What are social and environmental well-being?
This is the system through which companies are directed and controlled.
What is corporate governance?
This interpretation states that companies must operate within the rules set by governments and regulatory bodies.
What is the legal view of CSR?