What do we mean by “Social Responsibility”?

Your response to the questions should be I -2 pages, double-spaced in length using the Times New Roman font (12 font size). Make sure to include a title, your name, course number & section, professor’s name, date, and a reference list, if applicable.

Theo Chocolate, Inc.

Joe Whinney exudes a sense of mission in everything he does. After a trip to cacao fan•ns in Central America, Whinney decided to build the first organic fair trade chocolate factory in the United States. By building the first sustainable chocolate maker in the nation, Whinney hoped to help solve social and environmental issues by operating a profitable and ethical business. While Theo Chocolate is finding good success in the organic foods industry, perhaps the most exciting thing for “Theonistas” is that the company is being hailed as a voice for change. Employees say they have gained a loyal following for their efforts in the developing world, and business success has opened up new opportunities for sharing their vision of a better world.
Please watch the following video for more details:
On YouTube: https://www.youtube.com/watch?v=E774b6yakuA

Ouestions:
1. What do we mean by “Social Responsibility”? Which of the four strategies for responding to social responsibility best reflects Theo Chocolate and why (explain in detail)?
2. How do Theo Chocolate’s business practices reflect the stakeholder model of social responsibility?
3. Based on current research findings, do fair trade goals conflict with a company’s primary responsibility to be profitable?

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