Social Responsibility

Corporate Social Responsibility Needs to be Considered in:

• Product Lines- dangerous products, performance and standards, packaging, and environmental impact.
• Marketing Practices- sales practices, consumer complaint policies, advertising content, fair pricing.
• Environmental Activities- pollution-control, climate change projects, federal standards, evaluations procedures for new products and packages.

Corporate Social Responsibility Needs to be Considered in:

• Corporate Philanthropy- contribution performance, encouragement of employee participation in social projects, community development projects
• External Relations- support of minority enterprises, investment practices, and government relations
• Hiring Policies- employment diversity in retaining and promoting minorities and women, advancement policies
• Employee Safety and Health- work environment policies, accident safeguards, and food and medical facilities

Responsibility to Owners and Stockholders

• An organization and its employees owe their best efforts to its owners.
• Assets must be used effectively and efficiently.
• Employees must do their best to maximize the return on invested capital and create a profit.
• Owners and employers must have the right to expect ethical, moral, and legal conduct from their employees.

Responsibility to Employees

• Employees should enjoy equal access to the rights, responsibilities, and privileges given to employers.
• Employees need to receive fair and equitable compensation.
• Be dismissed only for a just cause.
• Be treated without discrimination.
• Have a quality of work life that provides satisfying jobs.

Responsibility to Customers

• Organizations owe fair and honest representations of their products to their customers.
• Should include quality of design, manufacture, distributions and sales.
• Organizations must warn customers of any hazards with their products that they may encounter.