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Exercise 2: csr and sts

Choose one of the CSR challenges above and construct a socio-technical table around it

Sts table
Component / Embedded Value Technology (Hardware) Technology (Software) Physical Surroundings Stakeholders Procedures Laws Information and Information Systems
Free Speech

Three csr frameworks

Shareholder view

From Milton Friedman, "The Social Responsibility of Business is to Increase Its Profits." "But the doctrine of "social responsibility" taken seriously would extend the scope of the political mechanism to every human activity. It does not differ in philosophy from the most explicitly collectivist doctrine. It differs only by professing to believe that collectivist ends can be attained without collectivist means. That is why, in my book Capitalism and Freedom , I have called it a "fundamentally subversive doctrine" in a free society, and have said that in such a society, "there is one and only one social responsibility of business--to use its resources and engage in activities designed to increase its profits so long as it stays wihtin the rules of the game, which is to say, engages in open and free competition without deception or fraud." 1970 by New York Times Company

    Stakeholder view

  • A stakeholder must be distinguished from a stockholder. The latter owns a share of the corporation. On the other hand, a stakeholder is any group or individual that has a vital interest in the doings of the corporation. Hence the stockholder is a stakeholder of the corporation whose vital interest at play is the share owned of the corporation and the money invested in this share.
  • There are several other stakeholders of the corporation. These include (1) employees, (2) customers, (3) suppliers, (4) local community, (4) surrounding governments, (5) the surrounding human and natural environment, and (6) the corporation's managers. (In some situations there are other stakeholders such as competitors.)
  • Stakeholder theory requires that the corporation recognize and respect the vital interests of each of its surrounding stakeholders. This frequently issues in proposing stakeholder rights and assigning to others correlative duties to recognize and respect these rights.
  • Stakeholder theory also requires that the corporation integrate interests where possible, mediate or broker conflicts between interests, and only trade off competing interests when absolutely necessary and when more conciliatory efforts have already been made and have failed.
  • See Evan and Freeman 1988

    Werhane's alliance approach

  • Werhane's alliance approach is similar to the stakeholder approach in that it recognizes several groups that surround the corporation and have vital interests that depend on the doings of the corporation. These surrounding groups are more or less the same as those in the stakeholder approach: owners, managers, employees, customers, suppliers, local communities, governments, the environment, etc.
  • But Werhane makes two significant departures from the stakeholder approach. First, she uses moral imagination to distance the corporation from the problem solving process; the lens of problem solving refocuses on each of the other stakeholders. Whereas for stakeholder theory the corporation is the center of analysis and is visualized as surrounded by its stakeholders, the alliance approach decentralizes the corporation and alternatively visualizes each stakeholder as the center for the purpose of framing problems and generating solutions.
  • Second, the alliance approach sees the corporation as a part of a system of interrelated and interdependent parts. Hence, each problem situation presents a system formed of the corporation, owners, managers, employees, suppliers, customers, local communities, and governments. Problems emerge from value conflicts within and between the constituent parts of the system. They are solved through the cooperation of the different constituencies of the alliance.
  • While this approach does not lend itself to algorithms or rules, it does promise solutions by highlighting and facilitating moral imagination both in the framing of problems (problems are posed in terms of framings from multiple perspectives) and in terms of the generation of solutions (multiple problem-framings help us to visualize new solution horizons).
  • See Werhane, 2007 and 2008.

Questions & Answers

what is variations in raman spectra for nanomaterials
Jyoti Reply
I only see partial conversation and what's the question here!
Crow Reply
what about nanotechnology for water purification
RAW Reply
please someone correct me if I'm wrong but I think one can use nanoparticles, specially silver nanoparticles for water treatment.
yes that's correct
I think
what is the stm
Brian Reply
is there industrial application of fullrenes. What is the method to prepare fullrene on large scale.?
industrial application...? mmm I think on the medical side as drug carrier, but you should go deeper on your research, I may be wrong
How we are making nano material?
what is a peer
What is meant by 'nano scale'?
What is STMs full form?
scanning tunneling microscope
how nano science is used for hydrophobicity
Do u think that Graphene and Fullrene fiber can be used to make Air Plane body structure the lightest and strongest. Rafiq
what is differents between GO and RGO?
what is simplest way to understand the applications of nano robots used to detect the cancer affected cell of human body.? How this robot is carried to required site of body cell.? what will be the carrier material and how can be detected that correct delivery of drug is done Rafiq
what is Nano technology ?
Bob Reply
write examples of Nano molecule?
The nanotechnology is as new science, to scale nanometric
nanotechnology is the study, desing, synthesis, manipulation and application of materials and functional systems through control of matter at nanoscale
Is there any normative that regulates the use of silver nanoparticles?
Damian Reply
what king of growth are you checking .?
What fields keep nano created devices from performing or assimulating ? Magnetic fields ? Are do they assimilate ?
Stoney Reply
why we need to study biomolecules, molecular biology in nanotechnology?
Adin Reply
yes I'm doing my masters in nanotechnology, we are being studying all these domains as well..
what school?
biomolecules are e building blocks of every organics and inorganic materials.
anyone know any internet site where one can find nanotechnology papers?
Damian Reply
sciencedirect big data base
Introduction about quantum dots in nanotechnology
Praveena Reply
what does nano mean?
Anassong Reply
nano basically means 10^(-9). nanometer is a unit to measure length.
do you think it's worthwhile in the long term to study the effects and possibilities of nanotechnology on viral treatment?
Damian Reply
absolutely yes
how did you get the value of 2000N.What calculations are needed to arrive at it
Smarajit Reply
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Source:  OpenStax, Introduction to business, management, and ethics. OpenStax CNX. Aug 14, 2016 Download for free at http://legacy.cnx.org/content/col11959/1.4
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