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In what way do Vision Spring and Warby Parker participate in corporate social responsibility?Multiple Choiceby establishing an ethical standardby building a profitable businessby providing fashionable eyewearby placing profits above all elseby building power in the market

Question

In what way do Vision Spring and Warby Parker participate in corporate social responsibility?Multiple Choiceby establishing an ethical standardby building a profitable businessby providing fashionable eyewearby placing profits above all elseby building power in the market

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Solution

Vision Spring and Warby Parker participate in corporate social responsibility by establishing an ethical standard. They do this by providing fashionable eyewear to those in need. For every pair of glasses sold, a pair is donated to someone in need. This is a clear demonstration of their commitment to social responsibility. They are not just building a profitable business, but also contributing positively to society. Therefore, they are not placing profits above all else, nor are they solely focused on building power in the market. Their business model is a blend of profit-making and making a positive social impact.

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Required informationSkip to questioniSeeIt!: Corporate Social Responsibility This brief video describes the role of a business in relation to its environment. This concept is referred to as Corporate Social Responsibility. This activity is important, because businesses are often viewed and judged by consumers and the community for their overall ability to positively impact the environment through social programs, ethically sourced products, and hiring practices. The goal of this exercise is to demonstrate your understanding of the actions that lead toward a positive public image and good corporate citizenship. Click the ► button to watch the video. Then, answer the questions that follow. Is following a model of corporate social responsibility required? What is the rationale?Multiple ChoiceYes, and many organizations seek to be a good corporate citizen to receive a positive public image.Yes, because it leads to higher profits in the future.No, and many businesses do not want to seek good corporate social responsibility, because it often requires them to pay workers more money.No, but many organizations seek to be a good corporate citizen to receive a positive public image.Yes, but many businesses only follow this model to appeal to niche customers.

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