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Archive | Corporate Social Responsibility

Arguments in Favour and Against Corporate Social Responsibility (CSR) | Management

After reading this article you will learn about the arguments in favour and against Corporate Social Responsibility (CSR). Arguments in favour of CSR: The following arguments favour corporate social responsibility: 1. Protect the interests of stakeholders: Labour force is united into unions which demand protection of their rights from business enterprises. To get the support […]

Social Responsiveness and Social Audit | Management

After reading this article you will learn about the social responsiveness and social audit of an organization. Elements of Social Responsiveness: Five important elements of social responsiveness are: 1. Social goals should be planned and incorporated into the overall planning process. 2. Firms should examine the desires of society and assess how other companies are […]

Management Ethics: Meaning, Need and Importance

Meaning of Management Ethics: ‘Management Ethics’ is related to social responsiveness of a firm. It is “the discipline dealing with what is good and bad, or right and wrong, or with moral duty and obligation. It is a standard of behaviour that guides individual managers in their works”. “It is the set of moral principles […]

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