ENTR11
Module 11: Social Responsibility (Core)
Outcome
Assess the importance of social responsibility in entrepreneurship.
Indicators
(a) List the four components (i.e., environmental, ethical, philanthropic and economic) of social responsibility.
(b) Discuss potential benefits (e.g., stronger brand image and reputation, increased customer loyalty and empowering employees to do good) associated with social responsibility.
(c) Research social responsibility according to the guiding principles of wâhkôhtowin, wicihitowin and wîtaskêwin.
(d) Identify ways (e.g., using alternative energy sources and implementing a recycling program) that businesses can demonstrate environmental responsibility.
(e) Describe what ethics are, and how personal and societal ethics influence business ethics.
(f) List examples (e.g., using fair business practises, ethically sourcing materials and offering competitive wages to employees) of ethical business practices.
(g) Discuss ways (e.g., sponsoring a local non-profit annual fundraiser and donating a percentage of earnings to a worthy cause) that an entrepreneur can be philanthropic.
(h) Examine the relationship among economic responsibility and the other components of social responsibility.
(i) Debate the opinion that economic responsibility is the most important component of social responsibility.
(j) Compare the social responsibility efforts of at least two businesses in the same industry.
(k) Develop a social responsibility plan for an existing, proposed or fictitious business.
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