The classical view of organizational social responsibility is that management’s
only social responsibility is to maximize profits.
The most outspoken advocate of the classical view of organizational social
responsibility is Milton Friedman.
In the socioeconomic view of organizational social responsibility, maximizing
profits is not a company’s only priority.
Socially responsible businesses tend to have less-secure long-run profits.
One argument against businesses championing social responsibility issues is
that businesses already have too much power.
Possession of resources is an argument for social responsibility.
A business has fulfilled its social obligation when it meets economic, legal,
and ethical obligations.
The difference between an organization’s social obligation and social
responsiveness is the legal aspect.
Though the outcomes are not perfectly measured, the majority of research
studies show a positive relationship between corporate social involvement and
Socially responsible mutual stock funds may offer insight into the issue of
social responsibility and economic performance.
Socially responsible mutual stock funds use some type of greening of
The term “shades of green” refers to the level of environmental
responsibility that a company has.
The market approach to going green is when organizations respond to multiple
demands of stakeholders.
The activist approach to going green is when an organization looks for ways to
respect and preserve the earth and its natural resources.
A company that displays an ability to effectively manage environmental and
social factors may be named as one of the 100 most sustainable corporations in