In the post-Great Recession environment, the responsibility of managers means:
A)Relegating CSR to the "back burner."
B)Responding to changing societal expectations of the social and environmental roles of firms.
C) Remembering that the business of business is business.
D) Following only those CSR standards that are globally unambiguous.

Question

In the post-Great Recession environment, the responsibility of managers means:​
A)​Relegating CSR to the "back burner."
B)​Responding to changing societal expectations of the social and environmental roles of firms.
C) ​Remembering that the business of business is business.
D) ​Following only those CSR standards that are globally unambiguous.

Quizplus · Accepted Answer

In the post-Great Recession environment, managers can no longer ignore the changing societal expectations of the social and environmental roles of firms. Therefore, they must respond to these new expectations rather than relegate CSR to the "back burner." While the business of business is still important, it is important to remember that firms must also be good corporate citizens and follow globally unambiguous CSR standards. However, as the expectations of society continue to evolve, managers need to be prepared to adapt and change their CSR strategies accordingly.

In the Post-Great Recession Environment, the Responsibility of Managers Means:​

In the Post-Great Recession Environment, the Responsibility of Managers Means: