Business Ethics: Corporate Social Responsibility
Corporations have moral obligations beyond legal compliance and profit-maximization to stakeholders and society: environmental sustainability, fair labor practices, community benefit.
Real World
Patagonia, the outdoor clothing brand, donates 1% of all sales to environmental causes and publicly criticized Black Friday consumerism — a direct expression of CSR that goes well beyond legal requirements.
Exam Focus
For 'assess' questions, contrast CSR with Milton Friedman's shareholder primacy view to demonstrate genuine evaluation.
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