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Mana 3113

1. What is CSR? (Definition) – Contribution into the business society


 CSR
- Corporate Social Responsibility is a concept which has become ominant in business
reporting.
- Is concerned with what is or should be - the relationship between global corporations,
governments of countries and individual citizens.
- is concerned with the relationship between a corporation and the local society in which
it resides or operates.
- is concerned with relationship between a corporation and stakeholders.
- is a concept whereby companies integrate social and environmental concerns in their
business operations and in their interaction with their stakeholders on a voluntary basis.

Contribution into business society according to the ff:


 Hetherington (1973)
o There is no reason to think that shareholders are willing to tolerate an amount
of copy pdf

2. What are the principles of CSR?


 Accountability - is concerned with an organization recognizing that its actions affect the
external environment, and therefore assuming responsibility for the effects of its
actions.
 Transparency – as a principle, means that the external impact of the actions of the
organization can be ascertained from that organization’s reporting and pertinent facts
are not disguised within that reporting.
 Sustainability – is concerned with the effect which action taken in the present has upon
the options available in the future. Wwweeeeeeeeeeerrrracaddadazdazxbc
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3. What are the relationship of CSR and profit?


 Profit is all that matters to CSR, according to some writers such as Milton Friedman in
1970 – copy pdf
 And pdf.

4. What is the approach of the European Community to CSR?


 According to EU Commission (2002) – CSR is a concept whereby companies integrate
social and environmental concerns in their business operations and in their interaction
with their stakeholders on a voluntary basis.
5. Discuss chapter 1 or 2.
 Chapter 1
 DTI - that there is sound business case for social responsibility
6. Should CSR be voluntary activity? Explain?
 Yes – because, CSR is a voluntary initiative. It begins where the law ends and is entirely
motivated by the desire to maintain competitiveness and maximize the effectiveness of
management and company resources. It is not dictated by laws, but rather by the
requirements of society and consumers. Its effectiveness is precisely because it is
voluntary.