MICHAEL LEE-CHIN FAMILY INSTITUTE for Corporate Citizenship


MICHAEL LEE-CHIN FAMILY INSTITUTE FOR CORPORATE CITIZENSHIP

Creating a Definition Project for Business Leadership

AIC Definition Detailed View

Definition	Oversee the operation of an economic system that fulfills the expectations of the public. And this means in turn that the means of production should be employed in such a way that production and distribution should enhance total socio-economic welfare. Social responsibility in the final analysis implies a public posture toward society's economic and human resources and a willingness to see that those resources are utilized for broad social ends and not simply for the narrowly circumscribed interest of private persons and firms.
Author 1	William Frederick
Author 2
Author 3
Reference Journal	California Management Review Vol. 2, No. 4, 54-61.
Reference Publisher
Reference Year	1960
Approval Status	YES