Business Essentials, 12/e

Social Responsibility

1. Objective 2-2 Distinguish social responsibility from ethics, identify organizational stakeholders, and characterize social consciousness today.

Ethics affect individual behavior in the workplace. Social responsibility, meanwhile, is a related concept that addresses the overall way in which a business attempts to balance its commitments to relevant groups and individuals in its environment. These groups and individuals are often called organizational stakeholders, who are groups, individuals, and other organizations that are directly affected by the practices of an organization and, therefore, have a stake in its performance. Major corporate stakeholders are identified in Figure 2.3.

Social Responsibility

the attempt ...