An ethical dilemma
is a situation in which you must choose between conflicting but arguably valid options, or even situations in which all your options are unpleasant.
What refers to the degree to which information flows freely within an organization among managers and employees and outward to stakeholders?
Transparency
.
Transparency
can be defined as the degree to which information flows freely within an organization, among managers and employees, and outward to stakeholders.
What is minimalist CSR?
Minimalist Perspective for CSR. Companies
don’t have social responsibilities beyond earning money and obeying the law
.
Which of the following is a similarity between utilitarianism and stakeholder theory?
Which of the following is a similarity between utilitarianism and stakeholder theory?
Both consider the consequences of management decisions for the well-being of all affected groups
. You just studied 10 terms!
Which of the following approach is more proactive and affirmative?
The strategic approach
is more proactive and affirmative than the pragmatic approach because it asks companies to identify and acknowledge company activities that can do harm and encourages firms to scrutinize their practices and address potential harms by focusing on their own value-chain activities.
What is proactive CSR?
Proactive corporate social responsibility (CSR) involves
business strategies and practices adopted voluntarily by firms that go beyond regulatory requirements
in order to manage their social responsibilities, and thereby contribute broadly and positively to society.
Which act is applicable on companies for CSR?
Section 135 of the Companies Act, 2013
is applicable to every company registered under the Act, and any other previous Companies Law, with a net worth of Rs 500 crore or more, or a turnover of over Rs 1,000 crore or a net profit exceeding Rs 5 crore in any financial year.
Is CSR a utilitarian?
CSR is an argument based on two forms of ethical reasoning—
consequentialist (utilitarian)
and categorical (Kantian). ... The violation of a society’s ethical principles regarding issues of social justice, human rights, and environmental stewardship is deemed to be ethically wrong and socially irresponsible.
What is utilitarianism theory?
Utilitarianism is
a theory of morality
, which advocates actions that foster happiness and oppose actions that cause unhappiness. Utilitarianism promotes “the greatest amount of good for the greatest number of people.”
How does utilitarianism apply to CSR?
According to the Stanford Encyclopedia of Philosophy, utilitarianism is when
“an act is morally right if and only if that act maximises the good”
. By this definition, an action that increases the world’s net good is ethical and compulsory CSR is no exception to this rule.
What are the four basic approaches to social responsibility?
These four approaches are
obstructive, defensive, accommodating, and proactive
.
What are the four approaches in CSR?
Considering these actions for fulfilling social responsibilities of business enterprises, CSR practices could be grouped into four major approaches:
societal approach, environmental approach, economic approach, and stakeholder approach
What is proactive approach?
1 Proactive Approaches. The proactive approach
attempts to understand a system even before it fails
(unacceptable quality) in an attempt to identify how it could fail in the future. Measures can then be put in place to prevent the failure or failures that have been anticipated.
What is defensive CSR?
The Age of Greed is characterised by Defensive CSR in which all corporate
sustainability and responsibility practices
– which are typically limited – are undertaken only if and when it can be shown that shareholder value will be protected as a result.
What is accommodative approach?
An accommodating stance signifies
that a company believes social responsibility is important — and perhaps as important as making a profit
. These companies satisfy all legal requirements and attempt to meet ethical standards.
What is a socially responsible action?
Social responsibility is an ethical theory
Edited and fact-checked by the FixAnswer editorial team.
