By Archie B. Carroll
Company AND SOCIETY: ETHICS AND STAKEHOLDER administration makes use of a considerate presentation of state of the art study besides 37 case histories to assist scholars comprehend the relationships among company and society stakeholders. The managerial point of view of this article emphasizes the dual issues of stakeholders and ethics. It indicates scholars the best way to combine moral concerns into all their decision-making. this article employs a stakeholder administration framework that emphasizes business's social and moral duties to either inner and exterior stakeholders.
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The important point, however, is that such a volume was produced in the first place and was made commercially available to the public in bookstores. It demonstrated further the public’s interest in the social performance of business. 50 On the whole, however, the reviews were quite positive, and many consumers have found the book to be a useful layperson’s guide to corporate social performance. The latest volume of the CEP was titled Shopping for a Better World: The Quick and Easy Guide to ALL Your Socially Responsible Shopping (1994).
At its most fundamental level, this is the obligation to do what is right, just, and fair and to avoid or minimize harm to stakeholders (employees, consumers, the environment, and others). Finally, business is expected to be a good corporate citizen—to fulfill its voluntary/discretionary or philanthropic responsibility to contribute financial and human resources to the community and to improve the quality of life. No metaphor is perfect, and the Pyramid of CSR is no exception. It is intended to illustrate that the total social responsibility of business is composed of distinct components that, taken together, make up the whole.
Ethical Responsibilities Ethical responsibilities embrace those activities and practices that are expected or prohibited by societal members even though they are not codified into law. 17 In one sense, changes in ethics or values precede the establishment of laws because they become the driving forces behind the very creation of laws and regulations. For example, the civil rights, environmental, and consumer movements reflect basic alterations in societal values and thus may be seen as ethical bellwethers foreshadowing and leading to later legislation.