In their book, "Business and Society", Carroll and Buchholtz give this definition of CSR that is broken down into four components, "The social responsibility of business encompasses the economic, legal, ethical, and discretionary (philanthropic) expectations that society has of organizations at a given point in time."(Carroll p.36) The economic and legal types of responsibility are required of businesses by society. ... Smaller firms may feel the pressure of competition from larger firms to provide CSR to their communities, but being a small organization they may easily give up and focus their...

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• Grade Level: Undergraduate

The first is social obligation, in which companies only respond at the legal requirements. ... The first dimension of corporate social responsibility deals with motivation for socially responsible activities, mainly economic, legal, discretional and ethical activities. ... A recent analyses performed by DePaul University found that companies found in the Business Ethics Best Citizen performed ten percentile points higher than the mean ranking of the rest of the companies in the S & P 500 Index. (BSR) "Companies with a public commitment to ethics perform better on three out of four financi...

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• Grade Level: Undergraduate

As a manager at Pfizer, I have to develop certain ethics. ... These radar screens include the customer environment, competitor environment, economic environment, technological environment, social environment, political environment, legal environment, and geophysical environment. ... People will be taught through special "ethics programs" and in service seminars that the 'right' thing to do or the ethical thing to do will benefit the firm greatly even though it may not maximize shareholder returns or profits. ... The legal environment includes patents, copyrights, tradema...

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• Grade Level: Undergraduate

Utilitarianism is also the opposite of deontological ethics, which state that actions can only be criticized if they are done with duty or good intention essentially, man is not used as a means to an end and that the action does not violate the side-constraint. ... There are certain legal provisions where companies have to concentrate and care on social problems. ...

• Word Count: 1947
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• Grade Level: Undergraduate