Answer to Question #244052 in English for Ntando

Question

According to Carroll and Buchholtz (2015: 32) "corporate social responsibility encompasses the economic, legal (laws), ethical and philanthropic expectations that society has an organisation at a given point in time". Evaluate the Beans Company's performance in the following area's.

Contribution to economic development (2)

Improving the quality life of the employees (2)

Improving the quality of life of the community and society (philanthropic expectations) (4)

Meeting its legal obligations (2)

Answer 1

A firm's social obligation comprises the community’s fiscal, legal, scientific, and aesthetic requirements on businesses at any particular time. Corporate Social Responsibility (CSR) refers to how businesses conduct their operations in order to have a beneficial influence on the community as a whole.

In view of defining each kind of obligation, it might be said that culture expects fiscal accountability from businesses; society also expects legal responsibility from businesses; society expects moral culpability from businesses, and culture expects philanthropic responsibility from businesses.