Follow the Week 2 Discussion Rubric for this paper.
To prepare for this
Discussion:
Consider examples of CSR
practices that could have a negative financial impact (losing business
associations, having an unintended negative consequence on another group
through CSR practices, etc.). The examples could be from an organization
that instituted the business practices or from another group that was
directly or indirectly affected by those practices.
Reminder: Be sure to be aware of any
personal biases you may have about the organizations or CSR practices you
discuss this week. Also, be sure to support your assertions using an
evidence-based approach.
Post an explanation of how ethical and/or positive social change
practices can help an organization mitigate risks of engaging in CSR efforts.
In your explanation, do the following:
Identify at least two
examples of CSR practices that had or could have a negative financial
impact either for the organization or for other groups. Be sure to include
what that potential impact could be.
Analyze the risks and
benefits of instituting CSR practices and include which one outweighs the
other (i.e., risks vs. benefits).
Propose how an adherence to
ethical standards and/or a drive toward positive social change can help
managers overcome negative outcomes. Include how this adherence could
apply to each example you provided.
Review the Learning Resources:
Ethical Conduct for Financial Management
Friedman at 50:
Is It Still the Social
Responsibility of Business
to Increase Profits (Review Attachment)