Management Fundamentals 7th Edition by Robert N. Lussier

Exercise 54

The following critical-thinking questions can be used for class discussion and/or as written assignments to develop communication skills. Be sure to give complete explanations for all questions.

Do you believe that companies benefit from being socially responsible? Why or why not?

Step 1 of 3

Social responsibility is the conscious effort to operate in a manner that creates a win-win situation for all stakeholders. For customers, the company must provide safe products and services with customer value. For society, the company should improve the quality of life or at least not destroy the environment.