Social responsibility


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SOCIAL RESPONSIBILITY

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Corporate social responsibility is the interaction between business and the social environment in which it exists.  Bowen argued that corporate social responsibility rests on two premises: social contract, which is an implied set of rights and obligations that are inherent to social policy and assumed by business, and moral agent, which suggests that businesses have an obligation to act honorably and to reflect and enforce values that are consistent with those of society.

 

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