Week 3 Corporate Social Responsibility at Gravity Payments Discussion

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Week 3 Discussion

BUSINESS AND SOCIETY (continued)

Review Chapters 3 and 4 in the course textbook.

  • Chapter 3, Corporate Social Responsibility and Citizenship
  • Chapter 4, Business in a Globalized World

Along with the chapter readings, pay particular attention to the following case in Chapter 3:

Corporate Social Responsibility at Gravity Payments. You may also find the following video related to the case of interest:

https://www.nytimes.com/video/business/100000003628438/new-minimum-wage-70000-a-year.html

Prepare a 500-word posting identifying the major points from the chapter readings. Conclude the post by considering the following case questions:

  1. Is Price demonstrating elements of corporate social responsibility by his actions in this case, or not? Although this is a subjective question, the chapter provides a number of tools to assess Price’s actions in terms of corporate social responsibility:
  • Is Price using his corporate power as a CEO appropriately?
  • Is he demonstrating the notion of the Iron Law of Responsibility?
  • Is he embracing the responsibility notion of “giving back” to his employees?
  1. What principles of corporate citizenship (using Exhibit 3.A) are evident in this case?
  2. What arguments for and against corporate social responsibility (referring to Figure 3.3) are relevant to this case?
  3. Is Price acting like an executive of a firm that could be certified as a B corporation?
  4. What stage of global corporate citizenship (using Figure 3.5) is Gravity Payments operating at, and why do you think so?

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Week 3 Discussion

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Week 3 Discussion
In chapter 3, the focus is on corporate social responsibility (CSR), considering the
influence that organizations have owing to their economic power. Due to this influence, the
stakeholders expect that organizations positively impact society through stewardship and
strategically responding based on ethics to the internal and external environment (Lawrence, &
Weber, 2014). Social responsibility is based on the notion that firms are economically rewarded
and there are societal benefits in its actions.
In chapter 4, the focus is on business ethics, and the notion that business...


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