Business Ethics and Rational Corporate Policies

CHAPTER 3

Rational Corporate Responsibility

The word “responsibility” refers to the state or fact of having a duty to deal with something or of having control over someone, as a state or fact of being accountable and the responsible for blaming when something happens. “Corporate social responsibility is the notion that corporations have an obligation to constituent groups in society other than stockholders and beyond that prescribed by law or union contract” (Jones 1980, 59–60). Business ethics are interconnected to the dimensions of corporate social responsibility (CSR). This implies that the decision makers of a corporation are authorized to take actions, considering the well-being of individuals and the good of society, in order to achieve ...