Ethics, Discretion, and Social Responsibility:
According to Carroll (1979) business has four responsibilities:
1. Economic responsibility- Must do- Business sustainability
2. Legal responsibility- Have to do-Regulatory
3. Ethical - Should do- Beliefs about behavior
4. Discretionary - Might do-Voluntary
QUESTION:
Ethics and discretion fall under the realm of social sesponsibility. What is the goal of the corporation and how does that goal fit into the realm of social responsibility?
Reference:
Carroll, A. B. (1979). A three-dimensional conceptual model of corporate performance. Academy of Management. The Academy of Management Review, 4(4), 497-497.