Asked by Jessica Olson on Sep 26, 2024

According to the iron law of responsibility,

A) power corrupts.
B) we need to use power responsibly or lose it.
C) nothing gets accomplished without power.
D) economic power prevails.
E) absolute power is dangerous.

Iron Law of Responsibility

The principle that businesses and organizations must act in a socially responsible way to maintain their societal legitimacy and ensure long-term success.

  • Acquire knowledge of the core principles and disputes associated with corporate social responsibility (CSR).
  • Appreciate the necessity of integrating ethical considerations in the planning and implementation of business strategies and decisions.