About This Chapter
Social Responsibility in Corporations - Chapter Summary and Learning Objectives
Business success today is no longer only about financial success, but also includes taking responsibility for society and the environment. This chapter contains video lessons that instruct on corporate responsibility. We include a quiz to take at lesson end to test your understanding. You can look back at anything by using the video transcript or video timeline tool to replay any portion of the video. After completion of this chapter, you will know about:
- The origins of social responsibility
- Who has social responsibility in organizations
- Levels of corporate social responsibility and critiquing performance
- The meaning of serving the bottom of the pyramid
- Business sustainability as it relates to society and the environment
- Viewpoints on global sustainability
- Triple bottom line framework
|The Origins of Social Responsibility||Outline the origins of social responsibility, even back to ancient times.|
|Social Responsibility in Organizations||Assess who in organizations should take social responsibility.|
|The Levels of Corporate Social Responsibility||Distinguish the stages companies go through towards taking corporate social responsibility.|
|Corporate Social Performance: Definition & Responsibilities||Consider how to critique corporate social performance.|
|Serving the Bottom of the Pyramid: Strategy & Concept||Devise what serving the bottom of the pyramid means and how it relates to business ethics.|
|Business Sustainability: Definition & Concept||Argue how business success relates to the broader impact on people and the environment.|
|Differing Viewpoints on Global Sustainability||Compare various viewpoints on global sustainability.|
|Triple Bottom Line Framework & Corporate Responsibility||Illustrate resourcing corporate responsibility from an accounting standpoint.|
1. The Origins of Social Responsibility
Although the idea of business helping society can be traced back to ancient times, the full thrust of corporate social responsibility was born in the 1950s. In this lesson, you will learn the origins of social responsibility.
2. Social Responsibility in Organizations
Watch this video lesson to learn how companies put into practice their social responsibilities. Learn how a socially responsible company helps the environment, people, and employees along with giving freely to society.
3. The Levels of Corporate Social Responsibility
Most companies do not start as socially-responsible companies. In fact, the path to embracing corporate social responsibility consists of four different levels that companies progress through that will benefit their stakeholders.
4. Corporate Social Performance: Definition & Responsibilities
How can managers judge if their company is providing good corporate citizenship or being socially responsible? In this lesson, you will learn about how a corporate social performance model is used to critique if a company is providing shareholder satisfaction.
5. Serving the Bottom of the Pyramid: Strategy & Concept
More and more people are finally able to spend money on what many in the West have been buying for years. As the bottom of the global economic pyramid continues to grow, so does the potential for profit.
6. Business Sustainability: Definition & Concept
Business success today depends not only on corporate earnings, but on a company's broader impact on people and the environment. Learn about the meaning and types of business sustainability in this lesson.
7. Differing Viewpoints on Global Sustainability
The following lesson will define the issue of the Earth's limited capacity to support a growing global population and the differing viewpoints as to how it can be solved. A short quiz will follow the lesson to check for your understanding.
8. Triple Bottom Line Framework & Corporate Responsibility
In this lesson, we look at an accounting framework called triple bottom line. We focus on its three pillars of sustainability: people, planet, and profit. During the lesson, you'll see how triple bottom line connects with corporate responsibility.
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Other chapters within the Business 308: Globalization & International Management course
- Global Business Environments
- Global Leadership & Management
- Virtual Teams & Project Management
- Effect of Globalization on Organizations
- Global Trade & Business Law
- Global Business, Government & Society
- Foreign Exchange Market & Purchasing Power
- Global Marketing Basics
- Crisis Management and International Business
- Culture & Ethics in International Business
- Changes in the Global Marketplace
- Required Assignments for Business 308
- Studying for Business 308