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Legal 500 Week 1

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"Ethics, Corporate Governance, and Corporate Social Responsibility (CSR) " Please respond to the following:

From the e-Activity, determine the ethical theory or theories (from Chapter 1 of the textbook) that best support(s) the B-corp concept. Support your response.
B Corp firms must have an explicit social or environmental mission and a legally binding fiduciary responsibility to take into account the interests of workers, the community and the environment as well as its shareholders. I think that best theory to support this concept would be the virtue of ethics. It states that humans are capable of being and can cultivate habits of good character that will naturally lead to their full potential (Ethics Moral, 2010).
References:
Ethics Moral (2010). Virtue Ethics. http://www.ethicsmorals.com/ethicsvirtue.html
Halbert, T., & Ingulli, E. (2012). Law and Ethics in the Business Environment. Cengage Learning

Evaluate the likelihood of traditional corporations using social responsibility as an effective competitive strategy. Specify at least one (1) way that a company with which you are familiar can use (or has used) social responsibility as a competitive strategy in the marketing of its products / services, supply chain, charitable activities, strategic investments, or operations. Heightened corporate attention to CSR has not been entirely voluntary. Many companies awoke to it only after being surprised by public responses to issues they had not previously thought were part of their business responsibilities. Nike, for example, although portraying to be a supporter of international equality and creator of overseas jobs, faced an extensive consumer boycott after the New York Times and other media outlets reported abusive labor practices at some of its Indonesian suppliers in the early 1990s. The prevailing approaches to CSR are so fragmented and so…...

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