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The two primary theories of corporate social responsibility (CSR) are the stakeholder theory and the shareholder theory. The stakeholder theory posits that companies have obligations to a wide range of stakeholders, including employees, customers, suppliers, and the community, emphasizing ethical considerations and social impact. In contrast, the shareholder theory, often associated with economist Milton Friedman, argues that a corporation's primary responsibility is to maximize shareholder value, suggesting that social initiatives should only be pursued if they align with profit-making objectives.
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What are the two ethical justifications for the classical model of corporate social responsability?
yes
What are the two theories of capitalization?
The two theories of capitalization are as follows:- 1. Cost Theory 2. Earnings Theory
What are social responsibility and 2 that take a proactive stance.?
Social responsibility refers to the ethical obligation of individuals and organizations to act in ways that benefit society and the environment, beyond their own interests. Two proactive approaches to social responsibility include implementing sustainable business practices, such as reducing carbon emissions and waste, and engaging in community development initiatives, like supporting local education and health programs. These actions not only enhance a company's reputation but also contribute to long-term societal benefits.
How does profit maximisation of business differ from social responsibility?
Profit maximization focuses on increasing a company's financial gains, often prioritizing shareholder returns above all else. In contrast, social responsibility emphasizes ethical practices, community welfare, and environmental sustainability, which can sometimes involve sacrificing short-term profits for long-term societal benefits. While profit maximization seeks to optimize financial performance, social responsibility aims to balance economic goals with positive societal impact. Ultimately, the two can be at odds, as prioritizing one may lead to compromises in the other.
What is the meaning of corporate governance?
Corporate governance is most often viewed as both the structure and the relationships which determine corporate direction and performance. The board of directors is typically central to corporate governance. Its relationship to the other primary participants, typically shareholders and management, is critical. Additional participants include employees, customers, suppliers, and creditors. The corporate governance framework also depends on the legal, regulatory, institutional and ethical environment of the community. Whereas the 20th century might be viewed as the age of management, the early 21st century is predicted to be more focused on governance. Both terms address control of corporations but governance has always required an examination of underlying purpose and legitimacy. - - James McRitchie, 8/1999 http://corpgov.net/library/definitions.html
What are three types of social responsibility?
Environmental responsibility, which involves minimizing negative environmental impacts. Philanthropic responsibility, which focuses on supporting charitable causes and community development. Ethical responsibility, which involves acting with integrity, transparency, and fairness in all business activities.
Where does personal responsibility end and corporate responsibility begin?
Personal responsibility typically encompasses individual actions and decisions, while corporate responsibility involves the obligations and ethical practices of a business towards its stakeholders, including employees, customers, and the community. The boundary between the two often blurs; individuals within a corporation must uphold personal accountability, but corporations also have a duty to create an environment that encourages ethical behavior and social responsibility. Ultimately, both aspects are interconnected, as personal choices can impact corporate practices and vice versa.
Where does corporate responsibility stop and personal responsibility begin?
Corporate responsibility typically encompasses the ethical obligations and social impact of a company's practices, including its effects on employees, consumers, and the environment. Personal responsibility, on the other hand, relates to individual actions and choices, reflecting one's values and ethics. The boundary between the two can blur; for instance, employees may feel responsible for upholding a company's values, while corporations might encourage personal accountability among their workforce. Ultimately, both realms intersect, as corporate policies can shape individual behaviors, and personal ethics can influence corporate culture.
What are the two ethical justifications for the classical model of corporate social responsability?
yes
A local business had decided to raise the starting wage for its new employees by two dollars per hour and to donate 10% of its sales revenues to charity even though this will lower its profits what policy is the company exercising?
Corporate social responsibility
What are the two of leading conflictst theories?
The two leading conflict theories are the Marxist theory, which focuses on the struggle between social classes for resources and power, and the Social Identity theory, which highlights the role of group conflicts based on identities such as race, religion, or nationality.
What 2 social changes are classified as evolutionary theories?
Two social changes classified as evolutionary theories are the development of social hierarchies, where individuals organize themselves in a structured manner based on power and authority, and the spread of cultural norms and practices through social learning and imitation over time. These theories suggest that these changes occur gradually over generations as societies adapt to their environments.
What are the two major provisions of Sarbanes-Oxley regarding the auditors' conflicts of interests?
What are the two major provisions of Sarbanes-Oxley regarding auditors, corporate responsibility, conflicts of interests and financial disclosures?
The two ancient greek theories of matter were the what theories?
Ancient Greeks had two major theories of matter. These were the Atomic theory of matter and the theory of pangenesis.
Of the two theories proposed concerning the women in matthew's genealogy which one do you agree with and why?
To which two theories do you refer?
What are the theories on the origin of the state?
The four theories of the State Origin are as follows: Evolutionary theory, Divine theory, Social Contract theory and Force theory. There are instances that consider an extra two which are the Patriarchal theory and Diving Right of Kings theory.
What are the two theories of capitalization?
The two theories of capitalization are as follows:- 1. Cost Theory 2. Earnings Theory
