LESSON 07: ETHICAL ISSUES IN ENTREPRENEURSHIP

Created by

Randlyn Cruz

Cards (19)

What is CSR? 
helping or aiming to the success of giving effort to every stakeholders.
1760s 
Industrial revolution: To which agricultural development is in. Where also by which mechanical things are utilized such steams of trains.
1950s 
SR and CSR were the same.
1960s  
Keith Davis defines CSR's not only responsible for the welfare of its stakeholders but also to the ones who aims to help the business.
1970s 
The committee for Economic Development
1980 
Thomas Jones defined CSR as the notion that corporation have an obligation to constituent groups in society other than stockholdere and beyond what is prescribe
1990s 
sustainability
2000s 
CSR is refined. Researchs is done because of CSR.
Classical View 
the primary goal of business is to maximize profit. The only obligation were to satisfy its OWN stakeholders.
Managerial View 
balancing the interest between employee, suppliers, and the local community.
Economic View 
Profit maximization and CSR cannot co-exist/ incompatible.
Companies with Best CSR practice 
SMC: Tree Brew Life and Buhayin ang Kalikasan
SM INVESTMENT: Education
BDO: Education
ACCENTURE: Computer Literacy
NESTLE: Environmental Management System
Companies est Practices
Lego: Wildlife Fund
Microsoft Corporation: Education
Google: Education for Youth
Novo Nordisk: Medical Sustainability
Danone: Sustainable provision of Good quality products
Philanthropy  
Oceans of wealth
classification of CSR
Philanthropy
Environmental conservation
Well-Being
Supporting Voluntary Ethics
Human Resource Empowerement
Archie Caroll's Pyramid of CSR 
Simoke framework to which implies the aspect of why organization should meet their corporate social responsibility
Philantrophic
Ethical
Legal
Economic
Triple Bottom Line 
a measure of how the company is doing its social responsibility among PPP. People, Planet, Profit.
CSR  
Corporate Social Responsibility
SR 
Social Responsibility