Corporate Citizenship: Social Responsibility, Responsiveness, and Performance

Triple bottom-line-

a method of evaluating corporate performance by measuring profits as well as environmental sustainability and social responsibility.

Business for Social Responsibility (BSR)-

BSR claims to have been formed to fill an urgent need for a national business alliance that fosters socially responsible corporate policies.

Economic responsibilities-

Be profitable, Maximize sales, minimize costs.

Corporate Social responsiveness-

an action-oriented variant of CSR.

Ethical responsibilities-

are needed to embrace those activities and practices that are expected or prohibited by society even though they are not codified into law. Ethical responsibility embody the full scope of norms, standards, values, and expectations that reflect what consumers, employees, shareholders, and the community regard as fair, just and consistent with respect for or protection of stakeholder's moral rights.

Socially responsible or ethical investing-

arrived on scene in 1970s.social screening is the backbone of the socially conscious investing movement.

Corporate citizenship-

collectively embrace the host of concepts related to CSR.

Philanthropy

contributions to charity and other worthy causes-even during periods dominated by the traditional economic view.

Sustainability-

economic, social and environmental.

Corporate Social Responsibility-

is seriously considering the impact of the company's actions on society.

Corporate Sustainability-

is the goal of the triple- bottom line approach. The goal of sustainability is to create long-term shareholder value by taking advantage of opportunities and managing risks related to economic, environmental, and social developments.

Social responsibility-

is the obligation of decision makers to take action which protect and improve the welfare of society as a whole along with their own interests.

Global Corporate Citizenship-

multinational enterprises are expected to be good corporate citizens in the countries in which they do business.

Legal responsibilities-

reflects society's view of "codified ethics" in the sense that they embody basic notions of fair practices as established by our lawmakers.

Philanthropic responsibilities-

the amount and nature of these activities are voluntary or discretionary, guided only by business's desire to engage in social activities that are not mandated, not required by law, and not generally expected of business in an ethical sense. ( corporate giving, product and service donations, employee volunteerism, partnerships with local government and other organizations)

Paternalism-

the attitude or policy of a government or other authority that manages that affairs of a country, company, community, etc, in the manner of a father, esp in usurping individual responsibility and the liberty of choice.

Stages of corporate citizenship-

the development of corporate citizenship, in the center's model, reflects a stage-by-stage process in which seven dimensions ( citizenship concept, strategic intent, leadership, structure, issues management, stakeholder relationships, and transparency) evolve as they move through five stages, and companies become more sophisticated in their approaches to corporate citizenship. The stages of corporate citizenship framework effectively presents the challenges of credibility, capacity, coherence, and commitment that firms move through as they come to grips with developing more comprehensive and integrated citizenship agendas.

Corporate social performance (CSP) model-

the performance focus is intended to suggest that what really matters is what companies are able to accomplish—the results or outcomes of their acceptance of social responsibility and the adoption of a responsiveness philosophy.

Pyramid of Corporate Social Responsibility (CSR)-

the pyramid portrays the four components of CSR, 4th philanthropic- be a good corporate citizen. 3rd Ethical- obligation to do what is right, just and fair. Avoid harm. 2nd Legal- Law is society's codification of right and wrong. 1st Economic- The foundation upon which all others rest.

Community obligations-

to improve, beautify, and uplift were also evident.