The ethical reason is based on the recognition that business must use its power responsibly in society or risk losing it. Corporations exist as legal entities with certain advantages (such as limited liability) because society allows them to do so, and these corporate rights and advantages can be removed from firms that are perceived to be irresponsible.
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Verified
Q6: A stakeholder is "any party who is
Q7: According to Harvard Professor Michael Porter and
Q8: An organization that does not fulfill its
Q9: _, such as environmental damage, are costs
Q10: CalPERS, the California Public Employees' Retirement System
Q12: _ are those shareholders who clearly care
Q13: In the strategic perspective, social responsibility is
Q14: Organizations are finding that in the area
Q15: Social responsibility efforts can backfire if the
Q16: The _ reason for corporate social responsibility
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