What are the 4 perspectives of corporate social responsibility?
Corporate social responsibility is traditionally broken into four categories: environmental, philanthropic, ethical, and economic responsibility.
What was the criticism against Carroll’s pyramid?
Kang and Wood (1995) criticise the implicit hierarchy of responsibilities in Carroll’s pyramid of CSR, arguing that placing economic responsibilities before legal and ethical responsibilities makes it more likely that social welfare will be sacrificed for economic ends.
Which two of Carroll’s 4 responsibilities of a business are social responsibilities?
And, in terms of understanding each type of responsibility, it could be said that the economic responsibility is “required” of business by society; the legal responsibility also is “required” of business by society; the ethical responsibility is “expected” of business by society; and the philanthropic responsibility is …
What are the three perspectives of CSR?
Together, these three notions of sustainability—economic, social, and environmental—guide businesses toward actions fitted to the conception of the corporation as a participating citizen in the community and not just as a money machine.
What are the effects of CSR?
If a company actively pursues corporate social responsibility, many researchers expect that its business healthiness and fairness also improve. In addition, the advanced social services and excellent employees’ satisfaction by contributing to economic development will lead the company to higher firm value in market.
What are the two popular theories of CSR?
The present practice of corporate social responsibility (CSR) has been depicted and informed by three CSR theories: The stakeholder theory of CSR. The business ethics theory of CSR. And the shareholder value theory of CSR.
What are the four areas that encompass a CSR strategy?
The four types of Corporate Social Responsibility are philanthropy, environment conservation, diversity and labor practices, and volunteerism.