SECTION 7 — CSR & MARKET SOCIETY

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8 Terms

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Corporate Social Responsibility

Meeting or exceeding stakeholder expectations beyond profit and legal obligation

2
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CSR Dimensions

Community investment Human rights Environmental practices Ethical conduct

3
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Triple Bottom Line

Profit People Planet

4
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Objections to CSR

Business unequipped Dilutes purpose Too much power Less competitive

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Arguments for CSR

Long-term self-interest Avoid regulation Business has resources Let business try Proacting better than reacting Public supports CSR

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Social Consequences of Markets

Inequality and corruption of values

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Personal Consequences of Markets

Stress loneliness despair financial strain reduced well-being poor ecological attitudes

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