ethics fourth quiz

• Bowen (1953)Corporate social responsibility refers to the obligation of businessmen to pursue those policies, to make those decisions, or to follow those lines of action that are desirable in terms of the objectives and values of our society
• Frederick (1960)Social responsibility in the final analysis implies a public posture toward society’s economic and human resources and a willingness to see that those resources are used for broad social ends and not simply for the narrowly circumscribed interests of private persons and firms.
• Friedman (1962)There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so longas it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.
• Davis and Blomstrom (1966)Social responsibility ... refers to a person’s obligation to consider the effects of his decisions and actions on the whole social system.
• Sethi (1975) Social responsibility implies bringing corporate behavior up to a level where it is congruent with the prevailing social norms, values, and expectations of performance
• Carroll (1979)The social responsibility of business encompasses the economic, legal, ethical and discretionary expectations that society has of organizations at a given point in time.
• Jones (1980)Corporate social responsibility is the notion that corporations have an obligation to constituent groups in society other than stockholders and beyond that prescribed by law and union contract.
• Wood (1990) The basic idea of corporate social responsibility is that business and society are interwoven rather than distinct entities.
• Baker (2003) Corporate social responsibility is about how companies manage the business processes to produce an overall positive impact on society.