1. The Impact of Business and Social Responsibility BBI2O

2. Review…. Good things businesses do? – Meet our needs/wants – Generate wealth – Create jobs – Innovate

3. Review… Bad things businesses do? – Pollution – Sweatshops/child labour – Fraud – Consumerism

4. Stakeholders Who is affected by the actions of a business?

5. Stakeholders Owners/shareholders Employees Customers Buyers and Suppliers The community

6. Social Responsibility Related to “corporate citizenship” and business ethics Corporate social responsibility (CSR) means taking your duty to all stakeholders, especially the community as a whole, seriously

7. Social Responsibility Doing good things – Donating goods, services, or money to charities – Sponsoring public service ads Not doing bad things – Being environmentally responsible – Safe working conditions and fair wages – Transparency and accountability

8. Why CSR? Owner(s) feel strongly about it Good publicity = good for business Tax deductions The right thing to do

9. The case against CSR Improving the community should be the responsibility of the public sector Diminishes profit to owners/shareholders Makes business less competitive Responses to these arguments?