Corporate Social Responsibility Utilitarianism and the Capabilities Approach Cecile Renouard ABSTRACT. Milton Friedman and Corporate Social Responsibility Friedman argued for a direct form of capitalism and against any activity that distorts economic freedom.

Ppt Business Ethics Corporate Social Responsibility Overview Powerpoint Presentation Id 835965

However utilitarianism dictates that the correct action is the one that can create the greatest happiness altogether Mill 7.

Utilitarian theory of corporate social responsibility. Utilitarianism is the following. Corporate social responsibility expands the idea of derivative stakeholders to include the larger community or society within which an organization exists. THE THEORY OF COOPERATE SOCIAL RESPONSIBILITY CSRAND BUSINESS ETHICS The Utilitarian theory of Cooperate Social Responsibility CSRand business ethics states that the relationship between CSR and the utilitarian is that companies have a moral obligation of promoting the best potential outcome Chell et al 2016.

This article explores the possible conver-gence between the capabilities approach and utilitarianism to specify CSR. Following this idea three groups of theories have been discerned. Instrumental theories- these theories rely on the economic objectives that the corporations are established in Bondy Moon and Matten 2012.

The responsibilities are economic legal ethical and philanthropicis composed of four obligations. Utilitarian and deontological to evaluate if it is ethical for governments to obligate companies to follow their policies on corporate social responsibility. However owing to the evolving meaning of CSR and the huge number.

That is companies should maximize happiness from an. There are several theories of CSR some of which are discussed herein. Utilitarianism leads to a social planning which may weaken or prevent individual freedoms.

A good example is the corporate-social-responsibility CSR program launched by Uniliver. It defends the idea that this key issue is related to the anthropological perspective that underpins both theories and. However owing to the evolving meaning of CSR and the huge.

This article explores the possible convergence between the capabilities approach and utilitarianism to specify CSR. Utilitarianism promotes the greatest amount of good for the. Utilitarianism is one of the most discussed and influential ethical theories.

Concepts and theories of corporate social responsibility CSR have been examined and classified by scholars since the mid-1970s. Indeed it doesnt take into account a bias. Thus the company must learn to give back to the community and spend money in activities that does not generate a profit.

Utilitarianism and Social Corporate Responsibility The principal of Utilitarianism is often cited for grounds in business related decision making. By definition Corporate Social Responsibility CSR refers to the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large Virvilaite Daubaraite 2011. Utilitarianism is a theory of morality which advocates actions that foster happiness and opposes actions that cause unhappiness.

For the utilitarian theory the paper discusses the consequences of mandatory corporate social responsibility with direct examples from India including the reduction of greenwashing and the increase in the prosperity of social entrepreneurship and the overall welfare. Therefore this paper analyses two different ethical frameworks. As a specific theory of the way corporations interact with the surrounding community and larger world corporate social responsibility CSRAs a specific theory of business ethics a package of four obligations the corporation holds as an independent ethical actor in society.

3 relational theories or those in which the type of relations between the firm and the environment are at the center of the analysis. It defends the idea that this key issue is related to the anthropological perspective that underpins both theories and demonstrates that a relational conception of individual freedoms and rights present in both traditions gives adequate criteria for CSR toward the companys. 2 the managerial category where problems of responsibility are approached from inside the firm internal perspective.

2 Socially responsible activities conducted by a corporation are according to Friedman distorting economic freedom because shareholders are not able to decide how their money will be spent. Utilitarian managerial and relational theories of corporate social responsibility Utilitarian managerial and relational theories of corporate social responsibility Secchi Davide 2007-12-01 000000 Concepts and theories of corporate social responsibility CSR have been examined and classified by scholars since the mid1970s. Theories of Corporate Social Responsibility The CSR theories correspond to the model which describes the implementation process.

Thus the category Blackwell Publishing Ltd 2007 349 Utilitarian managerial and relational theories of corporate social responsibility has been termed relational referring to the it is structured on a different basis these attempt to open managerial and utili- two being the main sources of inspiration for tarian studies3 methodological purposes. Similar to ethical egoism it is a teleological theory which means it evaluates the moral status of actions solely on their consequences. In short utilitarianism states that moral agents are obligated to maximize the total sum of well-being.

1 the utilitarian group in which the corporation is intended as a maximizing black box where problems of externalities and social costs emerge. This multinational-corporation is a popular brand because of the household products that the company sells worldwide. Poor people may underestimate their privations their lack of pleasure or utility because they adjust to their situation even if their condition is objectively miserable.

Business ethics is often misunderstood - for if the main purpose of business is to maximize profits then one could argue Westjet had done nothing wrong in trying to gain an advantage in thier industry.