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    Practicing Socially Responsible Business

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    Ronalyn Gabijan
    Here is a 150-word response to the assignment question: Primary stakeholders like employees, customers, communities, and suppliers have a direct and significant impact on a business. Employees contribute their skills, effort, and time to produce goods and services. Customers purchase these goods and services, driving revenue. Communities provide resources and infrastructure that support business operations. Suppliers provide necessary materials and services for production. Without satisfying primary stakeholders, a business cannot survive. Secondary stakeholders like competitors, government, media, and interest groups have an indirect but still important influence. Competitors impact market conditions and customer choices. Government regulates business activities and provides a legal framework. Media shapes public perception and interest. Interest groups advocate for social and environmental issues that

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    Practicing Socially Responsible Business

    Uploaded by

    Ronalyn Gabijan
    20 views20 pages
    Here is a 150-word response to the assignment question: Primary stakeholders like employees, customers, communities, and suppliers have a direct and significant impact on a business. Employees contribute their skills, effort, and time to produce goods and services. Customers purchase these goods and services, driving revenue. Communities provide resources and infrastructure that support business operations. Suppliers provide necessary materials and services for production. Without satisfying primary stakeholders, a business cannot survive. Secondary stakeholders like competitors, government, media, and interest groups have an indirect but still important influence. Competitors impact market conditions and customer choices. Government regulates business activities and provides a legal framework. Media shapes public perception and interest. Interest groups advocate for social and environmental issues that

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    Here is a 150-word response to the assignment question: Primary stakeholders like employees, customers, communities, and suppliers have a direct and significant impact on a business. Employees contribute their skills, effort, and time to produce goods and services. Customers purchase these goods and services, driving revenue. Communities provide resources and infrastructure that support business operations. Suppliers provide necessary materials and services for production. Without satisfying primary stakeholders, a business cannot survive. Secondary stakeholders like competitors, government, media, and interest groups have an indirect but still important influence. Competitors impact market conditions and customer choices. Government regulates business activities and provides a legal framework. Media shapes public perception and interest. Interest groups advocate for social and environmental issues that

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    Download as pptx, pdf, or txt
    20 views20 pages

    Practicing Socially Responsible Business

    Uploaded by

    Ronalyn Gabijan
    Here is a 150-word response to the assignment question: Primary stakeholders like employees, customers, communities, and suppliers have a direct and significant impact on a business. Employees contribute their skills, effort, and time to produce goods and services. Customers purchase these goods and services, driving revenue. Communities provide resources and infrastructure that support business operations. Suppliers provide necessary materials and services for production. Without satisfying primary stakeholders, a business cannot survive. Secondary stakeholders like competitors, government, media, and interest groups have an indirect but still important influence. Competitors impact market conditions and customer choices. Government regulates business activities and provides a legal framework. Media shapes public perception and interest. Interest groups advocate for social and environmental issues that

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    of 20

    LET'S REVIEW

    WHAT ARE THE DIFFERENT MODEL


    AND FRAMEWORKS OF SOCIAL
    RESPONSILBILITY?

    WHAT IS THE IMPORTANCE OF IT AS


    ENTREPRENEUR?
    PICTURE ANALYSIS

    What have you observed in


    the pictures presented?

    What are the positive


    characteristics visible in the
    pictures?

    If you will be given a chance


    to create a title out of the
    picture presented, what
    would it be and why?
    LESSON 4 : Practicing Socially Responsible
    Business
    LEARNING OBJECTIVES
    •Explain and describe the business organization's stakeholders

    •Illustrate the pyramid of corporate social responsibility through


    group reporting.

    •Infer an understanding on how practicing socially responsible as


    entrepreneur is important in a real-life situation.
    In every business organization, it is observed that it has obligations
    towards people, society and system both inside and outside the
    organization.

    Thus, the concept of 'stakeholders' occupies a significant place in


    the corporate or business world.
    A stakeholder is any individual or
    group whose interests affect or are
    affected by the operations of a
    business.
    BUSINESS ORGANIZATION'S
    STAKEHOLDERS

    PRIMARY STAKEHOLDERS SECONDARY STAKEHOLDERS


    -Participation is required for the -Players capable of influencing the
    company's survival. company's performance.

    • Employees • Competitors
    • Customers The • Government
    • Communities FIRM • Media
    • Supplier • Special Interest Groups
    • Financiers • Consumer advocate groups
    Considers all stakeholders' interests, it
    realizes more its social
    responsibilities towards them, and is
    more likely to undertake Corporate
    Social Responsibility.
    ECONOMIC RESPONSIBILITIES
    show the responsibility of business to
    produce products and services that society
    needs and to be profitable in order to survive
    and continue its operation in the long run.
    LEGAL RESPONSIBILITIES
    are the responsibilities of a business to
    follow and obey the laws and
    regulations implemented in society in
    their business functions and operations.
    ETHICAL RESPONSIBILITIES
    It is an obligation to act morally, to do what
    is right, and just and fair. The integrity of
    the organization to go beyond compliance
    with laws and regulations.
    PHILANTHROPIC RESPONSIBILITIES
    This is a business practice that companies' desire to take
    part in social activities which is a company's
    philanthropic involvement that is significantly related to
    its employees' morale and engagement and discretionary
    contributions to the society.
    The DESIRE of the organization to participate in
    social activities that are not mandated and required by
    law, and not generally expected of business
    PHILANTTHROPIC
    RESPONSIBILITIES

    The EXPECTED norms and affairs of business


    in a fair and objective way of business practice.
    ETHICAL
    RESPONSIBILITIES
    The organization's stakeholder's are REQUIRED
    LEGAL to comply with laws and regulations
    implemented in the society.
    RESPONSIBILITIES

    The business is REQUIRED to be profitable and


    ECONOMIC
    able to have enough resources to continue its
    RESPONSIBILITIES
    operation
    The four-part pyramid shows how and why
    the organizations should meet their social
    responsibilities to build a foundation of
    sustainable stakeholders framework. Each
    responsibility displays varying impacts both
    on the business and its shareholders.
    Based on our discussion,

    How do you define stakeholders?

    How important in a business to have


    stakeholders?

    What are the role of the stakeholders in


    business?
    APPLICATION

    Enumerate and explain the differences


    between the four parts of the pyramid of
    corporate social responsibility adapted from
    the book of business ethics and social
    responsibility, 2nd edition by Roa, Floriano
    C. Write at least two of their characteristics
    using the Venn Diagram.
    TRIVIA!

    Did you know that we are using VENN DIAGRAM as


    illustrations in business and in many academic fields.
    In fact, The Venn diagram was developed by English
    mathematician John Venn in 1881.

    They are widely used in mathematics, statistics, logic,


    teaching, linguistics, computer science, and business.
    EVALUATION
    INSTRUCTION: Group activity
    A total of four teams will be formed in the class.
    Each group will be given a Cartolina and a
    pentel pen, and will explain the Pyramid of
    Corporate Social Responsibility and the
    importance of applying it in business.
    RUBRICS

    Accuracy of the facts 15 points


    Organization of the ideas 10 points
    Preparedness and creativity 15 points
    Loudness and clarity of the voice 10 points
    TOTAL 50 POINTS
    ASSIGNMENT
    What do you think is the impact of primary and secondary
    stakeholders in a business? Express your answer in 150 words.

    RUBRICS:
    Content 5 points
    Relevance 5 points
    TOTAL 1O points

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