A large company has invited you to join in a discussion with its legal and human resources officers about integrating ethics, diversity, equity, and inclusion into and between their departments. They want your ideas. Use Figure 4.2 and any other ideas from this and previous chapters to outline what you would contribute. Write up a paragraph to share with your class/group.

Transcribed Image Text:

Figure 4.2 Corporate Social Responsibility and Stakeholder Management: Balancing the "Carrot" and "Stick" Approaches "Stick" External Regulation Compliance *Laws, Courts • Regulations •Congressional Oversight Legal Values-Based Leadership Stakeholder Rules- Based Management Ethical Culture Ethical "Carrot" Voluntary Self-Regulation .Vision/Mission/Values •Ethics Programs *Best Practices Risk Management Values-Philanthropy Based,