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When management considers social and economics issues in decision making the company is practicing?
social responsibility
Milton friedman social responsibility?
"The only social responsibility of a company is to deliver profit to its shareholders".
When management considers social and economic issues what is the company practicing?
When management considers social and economic issues, the company is practicing corporate social responsibility (CSR). This approach involves integrating social and environmental concerns into business operations and stakeholder interactions. By doing so, companies aim to create a positive impact on society while ensuring sustainable economic performance. This practice not only enhances the company's reputation but can also lead to better long-term profitability.
What is considered social responsibility?
Social responsibility is the obligation of a company, organization, or other such large, organized bodies to be involved in the community's welfare and interests.
Some example of corporate social responsibility?
who is responsibility is to monitor ethical behavior in madoff's case
When managements decisions align with social and economic issues the company is practicing?
When management's decisions align with social and economic issues, the company is practicing corporate social responsibility (CSR). This approach emphasizes the importance of ethical behavior, environmental stewardship, and community engagement, aiming to create a positive impact on society while also ensuring long-term economic success. By integrating these considerations into their strategies, companies can enhance their reputation, foster customer loyalty, and contribute to sustainable development.
How Organizations can Choose to Respond to Societal Demands for Social Responsibility?
Social responsiveness is a company's response to stakeholders' demands for socially responsible behavior. There are four social responsiveness strategies. When a company uses a reactive strategy, it denies responsibility for a problem. When it uses a defensive strategy, it takes responsibility for a problem but does the minimum required to solve it. When a company uses an accommodative strategy, it accepts responsibility for problems and does all that society expects to solve them. Finally, when a company uses a proactive strategy, it does much more than expected to solve social responsibility problems.
CSR Corporate Social Responsibility?
Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable to itself, its stakeholders, and the public.
Is the company observing social responsiveness or social responsibility if the company donates to charity institution?
Giving to charity is one way they might be, but it alone does not make them a socially responsible company.
What might be an example of corporate social responsibility?
funding water conservation technologies
What is the corporate social responsibility of coca cola company?
To sole any prblems u have
What are the importance of corporate social responsibility in business?
to maintain an image of company towards society
