The Nature and Management of Social Responsibility

1
The Nature and Management of Social Responsibility

• Chapters 5 and 6

2
The Evolving Idea of Social Responsibility

• Classical Economic Theory
• Charitable Impulses of the 18th and 19th
  Centuries
• Late 19th and early 20th Centuries
• Late 20th Century

3
General Principles of Social Responsibility

• Firms must comply with two bodies of law
• Firms should be judged primarily by economic
  criteria
• Firms have duty to correct adverse social impacts
  they cause
• Social responsibility varies from firm to firm
• Managers should try to meet needs of stakeholders
• Managers can be guided by direction of nations
  public policy

4
Aaron Feuerstein vs. Al Dunlap
5
Social Responsibility and Financial Performance

• Investment Funds
• Scholarly Studies
• Corporate Programs

6
CSR in Other Nations

• European Nations
• Japan
• Less Industrialized Nations

7
Patterns of Social Response

• Rejection
• Adversary
• Resistance
• Compliance
• Accommodation
• Proaction

8
Pressures for Undertaking Social Programs

• Government Programs
• Community Interests and Demands
• Environmental Concerns
• Competitive Pressures
• Stockholder/Investor Pressures
• Philanthropic Requests and Initiatives
• Crises

9
Business in Education??