Asked by
Ashley Johnson
on Dec 13, 2024Verified
According to a Toyota executive, "After Superstorm Sandy, the Food Bank was having a problem fulfilling the needs of all the displaced residents, so we implemented a Toyota production system to help them package and distribute food more efficiently." This is an example of which concept of social responsibility?
A) societal responsibility
B) value responsibility
C) benefit responsibility
D) profit responsibility
E) stakeholder responsibility
Social Responsibility
The obligation of individuals, organizations, or businesses to act in a way that benefits society at large, considering the impact of their actions on environmental, ethical, and societal factors.
Stakeholder Responsibility
The obligation of an organization to consider the interests of all stakeholders in its decisions and activities.
Profit Responsibility
The obligation and accountability of individuals or departments within an organization to achieve financial targets and contribute positively to the company's overall profitability.
- Recognize different kinds of social responsibility, such as cause marketing and social audits.
- Outline Toyota's tactics in addressing sustainability, social responsibility, and innovation through distinct initiatives.
Verified Answer
LA
Learning Objectives
- Recognize different kinds of social responsibility, such as cause marketing and social audits.
- Outline Toyota's tactics in addressing sustainability, social responsibility, and innovation through distinct initiatives.