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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".
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
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
One of the most important ways a company can demonstrate its sense of social responsibility is through its?
its workforce
What means sense of social responsibility?
Its a type of self regulation in business. Whereby a company not only takes care of its business to make money but while doing it, take the responsibility to make sure it does not harm others and other things, for example the environment, its employees, its community etc.
