responsibility

Examples of responsibility in the following topics:

• Social Responsibility Audits

  • Social responsibility audits are a process of evaluating a corporation's social responsibility performance.
  • Social responsibility audits are a process of reviewing and evaluating a corporation's social responsibility (CSR) performance.
  • As with financial audits, social responsibility audits involve accounting processes.
  • One metric that might be tested in a social responsibility audit is worker conditions in the company's plants.
  • Apply the general concept of auditing to the larger framework of social responsibility within organizations

• Arguments for and against Corporate Social Responsibility

  • Most arguments both for and against CSR are based on how a company's attempts to be socially responsible affect its bottom line.
  • Corporate social responsibility, also referred to as CSR, can be described as embracing responsibility for a company's actions and encouraging a positive impact through its activities on the environment, consumers, employees, communities, and other stakeholders.
  • Proponents of CSR argue that socially responsible practices can have a positive impact on the organization by improving employee recruitment and retention, managing environmental risks by reducing harmful accidents, and differentiating brand to achieve greater consumer loyalty.
  • Milton Friedman and other conservative critics have argued against CSR, stating that a corporation's purpose is to maximize returns to its shareholders (or shareholder value) and that it does not have responsibilities to society as a whole.
  • Rather, CSR opponents believe that corporations benefit society best by distributing profits to owners, who can then make charitable donations or take other socially responsible actions as they see fit.

• Types of Social Responsibility: Philanthropy

  • A company that practices corporate social responsibility (CSR) embraces responsibility for its actions and, through its activities, positively affects the environment, society, consumers, employees, communities, and other stakeholders.
  • In this way, these beneficiaries of philanthropy demonstrate both a responsible use of the funds they have received and evidence of their performance relative to their mission.

• Managers Role in Ethical Conduct

  • Managers are responsible for upholding the ethical code and helping others to do so as well.
  • They fulfill this responsibility by making sure employees are aware of the organization's ethical code and have the opportunity to ask questions to clarify their understanding.
  • Of course, managers are responsible for upholding ethical standards in their own actions and decisions.
  • Many managers have responsibility for interacting with external stakeholders such as customers, suppliers, government officials, or community representatives.
  • Additionally, managers may be responsible for creating and/or implementing changes to an organization's ethical codes or guidelines.

• Accountability in Teams

  • Accountability is the acknowledgment and assumption of responsibility for actions, products, decisions, and policies.
  • Accountability is the acknowledgment and assumption of responsibility for actions, products, and decisions.
  • In a management context, accountability explicitly identifies who is responsible for ensuring that outcomes meet goals and creates incentives for success.
  • Accountability for team members also implies that individuals have a responsibility to each other to complete tasks and contribute to the group effort.
  • For accountability to work, teams need to have the resources, skills, and authority to do what they are being held responsible for.

• The Financial Value of Social Responsibility

  • Evidence links socially responsible business practices to improved financial performance.
  • Harvard professors Michael Porter and Mark Kramer introduced the notion of "creating shared value" (CSV) as a way of thinking about the benefits of corporate social responsibility.
  • In this way, the shared value model takes a long-term perspective on the financial benefits of corporate social responsibility.
  • Proponents of these funds point to competitive returns for socially responsible indices, such as the Domini 400 (now the MSCI KLD 400).
  • Discuss the argument that the short-term costs of social responsibility generate long-term revenues exceeding those costs

• Introduction to Corporate Social Responsibility

  • Corporate social responsibility is a company's sense of obligation towards social and physical environments in which it operates.
  • Corporate Social Responsibility (CSR), also referred to as corporate citizenship or socially responsible business, is a form of corporate self-regulation integrated into a business model.
  • The interest in CSR has grown with the spread of socially responsible investing, the attention of nongovernmental organizations (NGOs), and ethics training within organizations.
  • Corporate social responsibility may include philanthropic efforts such as charitable donations or programs that encourage employee volunteerism by providing paid time off for such activities.
  • For example, socially responsible practices can improve employee recruitment and retention efforts, be a means of managing risk, and provide brand differentiation.

• Shared Leadership

  • Shared leadership means that leadership responsibilities are distributed within a team and that members influence each other.
  • Unlike traditional notions of leadership that focus on the actions of an individual, shared leadership refers to responsibilities shared by members of a group.
  • While by definition a team's members share responsibility for group outcomes, shared leadership means they also hold each other accountable for setting the team's goals and maintaining its direction.
  • Shared leadership can involve all team members simultaneously or distribute leadership responsibilities sequentially over the group's duration.

• Types of Social Responsibility: Ecocentric Management

  • Corporate social responsibility, also referred to as CSR, can be described as a business's efforts to assume responsibility for its actions and to encourage a positive impact through its activities on the environment, consumers, employees, communities, and other stakeholders.
  • The ecocentric model differs from more human-centered interpretations of sustainability or responsibility.
  • Explain the concept of ecocentric corporate social responsibility and how it relates to other forms of CSR

• Management versus Leadership

  • Though they have traits in common, leadership and management both have unique responsibilities that do not necessarily overlap.
  • Basically, managers are results-oriented problem-solvers with responsibility for day-to-day functions who focus on the immediate, shorter-term needs of an organization.
  • In contrast, leaders take the long-term view and have responsibility for where a team or organization is heading and what it achieves.
  • Distinguish between managerial roles and responsibilities and leadership roles and responsibilities