Self Study

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Task 1:

1 H. Companies at every opportunity now express agreement with the principles of


corporate social responsibility (CSR).

2 F. However, the one thing that all these ideas have in common is that they are based
on a faulty analysis of the capitalist system they are intended to cure.

3 G. But that does not fully discharge the enlightened company's debt to society.

4 B. They, at least, are accountable to voters.

5 A. Thus, making money serves a social purpose.

6 E. The policy may in fact harm precisely those it is supposedly intended to help.

7 C. The problem is that the profits of private enterprise go exclusively to


shareholders.

Task 2:

1. Benefits - F. things such as medical insurance that employees receive in


addition to money
2. Premise - A. idea or theory on which a statement or action is based
3. Discharge a debt - H. pay a debt completely
4. Stakeholders - D. people such as employees, customers or citizens who are
involved with an organization and therefore have an interest in its success
5. Better off - E. richer
6. Strive for - C. try very hard to make something happen
7. Fall short of - G. fail to reach a desired standard
8. Knock-on effects - B. indirect results of other events or situations

Task 3:

1. Do you agree that...

Companies have a debt to society apart from paying taxes and obeying the law?

This question delves into the broader concept of corporate social responsibility
(CSR). In a discussion, participants might explore the ethical and moral
responsibilities that companies have beyond legal obligations and tax contributions.
This could involve considerations of environmental impact, social initiatives, and
community engagement.

By concentrating on making profits, companies are contributing enough to


society?
This question addresses the balance between profit-making and societal
contributions. It encourages participants to discuss whether a company's primary focus
on profit is sufficient for overall societal well-being or if additional initiatives, such as
CSR activities, are necessary for a more comprehensive impact.

Managers should concentrate on making profits rather than CSR?

This question revolves around managerial priorities. Participants might explore


whether managers should prioritize profit generation, arguing that financial success
can lead to more resources for societal contributions. On the other hand, it may prompt
discussions on the importance of managerial focus on CSR for long-term sustainability
and positive social impact.

2. What relationship do you think there IS between CSR and corporate culture?

This question invites participants to examine the connection between corporate


social responsibility and the culture within a company. Discussions could revolve
around how a company's values, ethical standards, and commitment to social
responsibility shape its corporate culture. Participants might explore whether a strong
CSR ethos influences employee morale, engagement, and overall organizational
behavior.

These questions open the door for a multifaceted discussion, considering economic,
ethical, and social perspectives on the role of companies in society and the interplay
between profit-making and corporate social responsibility.

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