Business Social Responsibility
Analyze the four levels depicted in the pyramid of social responsibility.
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The four levels depicted in the pyramid of social responsibility are economic, legal, ethical and philanthropic. The base layer is economic. This is the obligation to provide stakeholders with returns on their investments. This includes being profitable, by increasing sales and lowering costs, and paying attention to return on investment. The next level is legal. It is the company's obligation to obey ...
Solution Summary
This solution analyzes the four levels depicted in the pyramid of social responsibility. APA formatted references are included.
1. Define the terms ethics and social responsibility. What does being ethical and socially responsible mean for the organization?
2. Discuss whether a company should put ethics and social responsibility ahead of profit making. Why or why not? Provide examples and research evidence to support your answer with examples from an Australian company.
"the relationship of an organization's ethics and social responsibility to its performance concerns both organizational managers and organization scholars"(Daft 2007). Research evidence suggests that there is a small, but positive relationship between ethical and socially responsible behavior and the organization's financial performance.
In your essay, you must:
1. Define the terms ethics and social responsibility. What does being ethical and socially responsible mean for the organization?
2. Discuss whether a company should put ethics and social responsibility ahead of profit making. Why or why not? Provide examples and research evidence to support your answer with examples from an Australian company.