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A nice thing to do but is it critical for business? Corporate responsibility and Australian business
Author(s) -
Warburton Jeni,
Shapiro Margaret,
Buckley Amma,
Gellecum Yolanda
Publication year - 2004
Publication title -
australian journal of social issues
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.417
H-Index - 30
eISSN - 1839-4655
pISSN - 0157-6321
DOI - 10.1002/j.1839-4655.2004.tb01166.x
Subject(s) - corporate social responsibility , project commissioning , public relations , shareholder , business , creating shared value , publishing , social responsibility , nice , business ethics , profit (economics) , corporate governance , economics , political science , law , finance , computer science , microeconomics , programming language
There is said to be a “new paradigm in business” proposing that business has far broader social and environmental responsibilities than simply making profits for shareholders. This paper examines the concept of corporate responsibility to see how far Australian business has moved towards the new paradigm. Fifty‐four different stakeholders from one large business were interviewed about the meaning of corporate responsibility. Most acknowledged that business has a responsibility beyond simply making profits, however, profit remained the primary motivation in moves towards corporate citizenship, community involvement and social responsibility.