Assess how, and to what extent, corporate social responsibil
Assess how, and to what extent, corporate social responsibility can be meshed with a corporation's obligation to maximize profits for its shareholders?
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Basically, the two go hand-in-hand nicely, in several ways. The company's main objective is to be profitable, or to maximize profits. In doing so, they provide a nice return on the investment for their shareholders. The company also has a CSR obligation. If the company finds the right way to mesh the two together, they continue profit maximization, and attract additional investors through sustained CSR efforts. Most companies ...
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Assess how, and to what extent, corporate social responsibility can be meshed with a corporation's obligation to maximize profits for its shareholders?
Managing Responsibility
Solution explores the article, "Managing Responsibility: What Can Be Learned From the Quality Movement?" By: Sandra Waddock and Charles Bodwell. The following questions are discussed in light of the article:
- What does this article tell us about quality and responsibility management and how we can integrate this into organizational processes?
- What can we ascertain from the reading that does not appear value added?
- What company can improve responsibility management by improving quality management? How can this be done? Provide examples and research to support your thinking.