HISTORICAL PERSPECTIVE

• Ancient and Medieval Period

  • Business as part of public or social service.
• Ancient and Medieval Period

  • Make or lend money is despised.
• Ancient and Medieval Period

  • Profit-motive is anti-Christian 
• Compensatory Justice

  • Maintains prices and wages to be fair.
• King 

  Lords - Be loyal

  Knights - To protect

  Peasants - To farm
• Period of Mercantilism

  • Colonization for raw materials and cheap labor.
• Period of Mercantilism

  • Millions of Africans become slaves.
• Period of Mercantilism

  • The Harmony of Interest Theory of England states that “business should act in accordance with the national interest because of state support”.
• Industrial Revolution

  • Wealth as a symbol of moral excellence.
• Industrial Revolution

  • Rejected CSR and promote individualist philosophy.
• Industrial Revolution

  • Used their wealth to bribe and cheat.
• After the Period of Depression (1930s to present) 

  • Government protected the welfare of the public.
• After the Period of Depression

  • Adherence to rules & regulations.
• After the Period of Depression (1930s to present) 

  • Ethics in business are now given serious attention.
• After the Period of Depression (1930s to present) 

  • Csr became part of Corpo.
• Knowledge - Right information to customers.
• Transparency - Producing truthful reports of companies.
• Globalization - cooperation of companies and governments of different 

  nations to come together.
•  Sustainability - Environmentally 

  friendly and preserving it.
• Failure of Public Sector - lost faith from the government because of its failure.
• 1. Value Creation

  -Goal is economic development, improving the economic context a company operates.
• Value Creation

  Capital Investment, Beneficial Products, & Inclusive Business
• 1. Good Governance

  • if not transparent and fair, this undermines everything else that CSR is trying to accomplish.
• 1. Good Governance - Leadership, Transparency, and Ethical Practices
• 1. Social Contribution

  -Gives philanthropy its rightful place in CSR.
• 1. Social Contribution -Philanthropy, Fair Labor Practices, Supply Chain Integrity
• 1. Environmental Integrity

  -Sets the bar higher than minimizing

  damage.
• 1. Environmental Integrity -Ecosystem Protection, Renewable Energy, Zero Waste Production