Social Responsibility of managers

06/03/26 Fri 18:26pm

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Society expects organisations and managers to be responsible and ethical.

But there are examples of notorious financial scandals, scams with quality of materials utilised, and most of the time simple negligence, which proves that managers don’t always act responsibility.

CSR

corporate initiative to assess and take responsibility for the company’s impacts on the environment and impact on social welfare.

Drivers of CSR:

1. Employees and shareholders
2. Brand equity
3. Ethical marketing practices and social awareness
4. The environment consiousness
5. Energy conservation and global warming
6. Responsibility towards the government

ETHICS in managing

1. Utilitarian Theory

2. Based on Rights

3. Theory of Justice