Prior to beginning work on this discussion,
View the video The Social Responsibility of Business | Alex Edmans | TEDxLondonBusinessSchoolLinks to an external site.. This video defines corporate social responsibility (CSR) and debates the purpose of business as well as the pros and cons of CSR.
In the video, Alex Edmans asks, “Why do businesses exist, to earn profit (shareholders) or to serve a purpose to society (customer, employee, and environment)?” Address the following:
• Explain what answer he came to and why.
• Next, discuss the approach human resource management should take toward organizational social responsibility.
• Finally, cite one real-life example of a company implementing social responsibility that is not mentioned in the video or the course textbook. Be sure to be factual and to fully support your answer.