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Robin owns a dog. If there are no applicable statutes, what is her liability for damage if her dog digs up her neighbor's prize roses? Would it make any difference if the animal that destroys her neighbor's flower garden is the wild orangutan she owns?
Defensive Strategy
Seeks to protect the organisation by doing the minimum legally required to satisfy social expectations.
Social Responsibility
The ethical framework that suggests an entity, be it an organization or individual, has an obligation to act for the benefit of society at large.
Economic Responsibility
The obligation of an organization to make decisions that benefit the economic well-being of society and its stakeholders.
Legal Responsibilities
Encompasses the obligations that organizations and individuals have to abide by laws and regulations in their professional conduct.
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