What is Strategic Corporate Social Responsibility?

Question 1: Ethics are the moral principles, which govern the behavior of an individual while undertaking various activities such that they can understand the right and the wrong. 

Question 2: Employee ethical obligations towards employers include job completion, honesty, conflict of interest, money usage, and respect. 

Question 3: Employers’ ethical obligations towards employees include openness, loyalty, moral responsibilities, comfortable workplace, and reasonable remuneration (Chandler, & Werther, Jr. 2013). 

Question 4: Corporate social responsibilities that I would consider in my audit are philanthropic, ethical, volunteering, legal, economic, creating shared values, social education and awareness, and community development. 

Question 5: a) Mission statement is a short paragraph or sentence constructed such that it can explain in concise and simple terms the purpose of the organization. 

b) Core values are the important beliefs observed by an individual or organization, which will help in understanding and differentiate between right and wrong. 

c) Due diligence is steps observed by an individual such that he/she can avoid harming other people or properties. 

d) Fiduciary duty occurs when where another person or organization has trusted a person or organization with confidence that he/she will protect and manage property or money (Chandler, & Werther, Jr. 2013). 

e) Conflict of interest is a situation where an individual is tempted to derive personal gains at the expense of a responsibility offered to him/her that will be paid. 

Question 6: The model that CSR companies should adopt is sustainable development. CRS companies are about improving the society by offering different services that will boost the development. Such developments should be sustainable in the society. 

Question 7: I would think twice before investing in a sin fund despite the reported higher returns as compared with SRI. SRI fund might have higher profits, but I should consider the danger caused by the sin fund products to the customers (Chandler, & Werther, Jr. 2013). I would invest in SRI even with lower profits as compared with sin fund. 

Question 8: Fair wages are the minimum wages paid to the employees in specific occupations. Such wages are offered as per the wage policies set by the government. It refers to reasonable amount that employees can receivepaid per hour. The minimum hourly wage that I can take is $7.25. Considering my previous jobs, I would have done better if was paid higher. I was paid lower wages, which could not enable me to sustain my needs, and I was de-motivated. 

Question 9: Most of the people occupying executive positions are paid extraordinary wages, which do not match with their duties and responsibilities in the organizations (Chandler, & Werther, Jr. 2013). If was the chair of the compensation board, I would recommend executive compensation be reduced to a reasonable level, and extra pay is spent on other activities in the organization. 

Question 10: the Ethical consumer is who buys products for consumption, which are not harmful to other people and the environment. I am an ethical as I consume products that do not harm other people and the environment (Chandler, & Werther, Jr. 2013). 

Question 11: I would prefer persuading companies to incorporate CSR voluntarily. While persuading them, I will discuss with them the benefits of having CSR to the company and the employees. Forcing them through legislation might lead to poor implementation. 

Question 12: Supermarkets that sell wholesale food products and pays minimum wages are well off. The food offered in the supermarket does not have any harm to the consumers in the market. Tobacco industry offers harmful products, which will affect the consumers (Chandler, & Werther, Jr. 2013). It is important to consider the higher wages paid as well as the money spent in hospital to treat people affected by tobacco products. CR is about promoting development and social wellbeing in the community, but not offering harmful products. 

Question 13: If I were a CEO of a company, the company would be considered socially responsible as I would offer a sustainable working environment, recognize and reward employees, involve the company in community development, develop great leaders, and communicate ethical behaviors and integrity to the staff and community (Chandler, & Werther, Jr. 2013). 

Question 14: As a division manager, I would convince a meeting with the managers and discuss the issue. After discussing with the managers and agreeing on the recommendations, I would convince a meeting of all the employees and communicate the same information. I would do this in two weeks. The people to be blamed on this issue are the managers since they are in charge of employees and they handle such issues before forwarding critical one's time (Chandler, & Werther, Jr. 2013). 

Question 15: Ethically, it is important to consider the dangers caused by the product among the people in the society. It has been reported that the weapon causes 30000 deaths and it has been banned in some areas due to the dangers. This product should not be mass marketed to the people, but it should be restricted to the responsible police authorities. When avoiding litigation, the company should a permit from the government, which will allow the supply of the products to the allowed customers (Chandler, & Werther, Jr. 2013). 

Reference 

Chandler, D. & Werther, Jr. W. B. (2013). Strategic corporate social responsibility: Stakeholders, globalization, and sustainable value creation. New York, NY: SAGE Publications