Question

When companies are trying to meet the shareholders' and general public's demands to act more ethically and environmentally responsible, they are recognizing the importance of _____.

Answer 1

Answer:

corporate social responsibility (CSR)

Explanation:

Social Responsibility is the interaction between business and the social environment in which it exists.

the Stakeholder Perspective to CSR is

Social Responsibility : which Relates to the obligation of business to society.

Ethics : Ethical issues are most relevant at an individual level, for ethics are maintained   by people.

there are three perspective to corporate social responsibility, which include:

1. Economic Perspective : The responsibility of business is to make a profit within the “rules of the game.”  Organizations cannot be moral agents: Only individuals can serve as moral agents.

2. Public Responsibility : Businesses should act in a way that is consistent with society’s view of responsible behavior, as well as with established laws and policies.

3. Social Responsiveness : Business should proactively seek to contribute to and improve society in a positive way.