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  • CSR - Caroll's Model (Sep 15) PDF

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    Shirsendu Mondol
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    This document outlines the three domains of business: economic, legal, and ethical. It describes the economic domain as activities intended to have a direct or indirect positive economic impact. It defines the legal domain as a firm's responsiveness to legal expectations and outlines three types: compliance, avoidance of litigation, and anticipation of the law. The ethical domain is described as a business's responsibilities expected by stakeholders, both domestic and global. It also notes there can be overlapping areas between the three domains.

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    This document outlines the three domains of business: economic, legal, and ethical. It describes the economic domain as activities intended to have a direct or indirect positive economic impact. It defines the legal domain as a firm's responsiveness to legal expectations and outlines three types: compliance, avoidance of litigation, and anticipation of the law. The ethical domain is described as a business's responsibilities expected by stakeholders, both domestic and global. It also notes there can be overlapping areas between the three domains.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    7 views6 pages

    CSR - Caroll's Model (Sep 15) PDF

    Uploaded by

    Shirsendu Mondol
    This document outlines the three domains of business: economic, legal, and ethical. It describes the economic domain as activities intended to have a direct or indirect positive economic impact. It defines the legal domain as a firm's responsiveness to legal expectations and outlines three types: compliance, avoidance of litigation, and anticipation of the law. The ethical domain is described as a business's responsibilities expected by stakeholders, both domestic and global. It also notes there can be overlapping areas between the three domains.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 6

    MSL 712 Ethics & Values

    based Leadership
    Business & Society
    Three domain of Business

     ECONOMIC: Activities which are intended to have either a


    direct or indirect positive economic impact on the
    corporation in question.
     LEGAL: A firm’s responsiveness to legal expectations
    mandated
     ETHICAL: Ethical responsibilities of business as expected
    by the general population and relevant stakeholders. This
    domain includes responsiveness to both domestic and
    global ethical imperatives.
    LEGAL DOMAIN
     3 TYPES
     (1) compliance—Passive, Restrictive & Opportunistic
     (2) avoidance of civil litigation “We did it because we might get sued
    otherwise.” “Lawsuits will be dropped.”
     (3) anticipation of the law. “The law is going to be changed soon.” “We
    wanted to pre-empt the need for legislation.”
    Ethical Domain

     Following the Principles (as discussed in earlier classes). It could be


    consequentialist (Utilitarianism), Process (Rights, justice, Care)
    Overlapping Domains

     The 3 pure categories (Economic, Legal, Ethical)


     4. Economic-Ethical
     5. Economic Legal
     6. Legal Ethical
     7. Economic Legal Ethical

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