Strategic Corporate Social Responsibility 3e
David Chandler and William B. Werther, Jr.
Instructor Resources
21. A stakeholder in an organization is a specific group or individual who can affect or is affected
by the achievement of the organization’s objectives.
22. Businesses are the engines of society that propel us toward a better future.
23. Corporate Social Responsibility only applies to Not-for-Profit organizations and is not
something For Profit organizations need to be concerned about.
24. The success of a firm is not related to its ability to incorporate stakeholder concerns into its
business strategies.
25. Violating the implicit ethical boundaries that are often codified into dogma or laws in our
society can lead to a loss of legitimacy of a company that threatens the long-term viability of an
organization.
Essay Questions:
26. Define Corporate Social Responsibility. What arguments in favor of CSR seem most important
to you? How is CSR different from strategic CSR?