Summary: The Corporate Social Responsibility Model
THE CORPORATE SOCIAL RESPONSIBILITY (CSR) MODEL
The best-known CSR model is that of (Carroll, 1979:497-505), which proposes that the social responsibilities of a company are the economic, legal, ethical and philanthropic expectations formed by society. The main area of responsibility is economic, but at the same time the company must keep the law. Ethical responsibility refers to the obligation to behave fairly and honestly. The fourth area is when the entrepreneur conducts him/herself as a good citizen (figure below).
The corporate social responsibility pyramid (own compilation based on United Nations Global Compact, 2015)
The four responsibility layers together make up corporate social responsibility. There is overlap between the CSR
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Considering CSR as a new business model can also be considered a social innovation, since it applies a new business concept that will result in social development (see the figure below). As the new business model, it is only natural that the CSR perspective be integrated into the company’s strategy, and that the stakeholder’s perspective leads to strategic collaboration with those affected by the business. The result of this process is that positive social impacts can be achieved, and not only positive economic outcomes. In this respect, a company integrating a CSR perspective can be considered a social enterprise, where equal emphasis is placed on financial sustainability and positive societal impacts based on innovative …show more content…
Some of these initiatives that the companies have integrated into their business strategies, and in the process have created new opportunities for customers and the company, leading to profit-oriented corporate social innovations (KPMG, 2014). Other initiatives were not aimed at producing profits; their goals were to tackle some environmental or social need.
When selecting examples of best practice, we depended greatly on the Követ CSR market database (Szegedi, 2014). These examples provide confirmation for the validity of our integrated model.
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Costco Corporate Responsibility
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Patagonia Ethical Issues
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Milton Friedman Summary
962 Words | 4 PagesSocial responsibility or corporate social responsibility (CSR) is a form of corporate self-regulation that is integrated into a business model. The CSR policy
Volkswagen's Corporate Social Responsibility
1858 Words | 8 PagesIt is the firm’s obligation to evaluate in its decision-making processes the effects of its decisions on the external social system in a manner that will accomplish social benefits along with the traditional economic gains, which the firm seeks. It means that social responsibility begins where the law ends. A firm is not being socially responsible if it merely complies with the minimum requirements of the law, because this is what any good citizen would do.” A firm will not survive without the support of both the stakeholders and shareholders, thus the CSR proposes the indication which states that a firm can never exist In a vacuum (Khalidah et. al.).
Tesla Social Responsibility Analysis
715 Words | 3 PagesCorporate Social Responsibility (CSR) relates to the actions of an organization and the effects on the environment and social wellbeing. It is about the way that the company assesses its actions and takes responsibility for this. (Investopedia, n.d.) CSR is a management concept whereby companies integrate social and environmental issues in their business operations and interactions with stakeholders . The company aims to achieve a balance of economic, environmental and social objectives, while also listening to the needs of stakeholders.
Analysis Of Nestle's Corporate Social Responsibility
996 Words | 4 PagesDiscussion Nestlé’s Corporate Social Responsibility consists of looking further then the own company needs or profits and pay more attention to other stakeholders. Everyone concerned or connected to the company business will get a closer look on their situation and will be treated right. They divide the stakeholders in two categories; the first being the internal stakeholders such as employees and shareholders. The second category is external stakeholders where we find the suppliers, customers, environment and so on.
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The Role And Importance Of Corporate Social Responsibility
1027 Words | 5 PagesCorporate Social Responsibility (CSR) has gained its importance as an essential activity for corporate nationally and internationally. It has become a matter of utmost importance for diverse groups demanding change in the business orientation. From 1980 to 2000, corporations recognized and started accepting a responsibility towards society. CSR implies some sort of commitment, through corporate policies and action. This operational view of CSR is reflected in a firm's social performance, which can be assessed by how a firm manages its societal relationships, its social impact and the outcomes of its CSR policies and actions.12
Corporate Social Responsibility: Profit-Oriented Or Socially Responsible?
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Volkswagen Code Of Ethics Analysis
1155 Words | 5 PagesDavis (as cited by Khalidah, Zulkufly, & Lau, 2014) defined Corporate Social Responsibility (CSR) as “… the firm’s consideration of, and response to, issues beyond the narrow economic, technical, and legal requirements of the firm. It is the firm’s obligation to evaluate in its decision-making processes the effects of its decisions on the external social system in a manner that will accomplish social benefits along with the traditional economic gains, which the firm seeks. It means that social responsibility begins where the law ends. A firm is not being socially responsible if it merely complies with the minimum requirements of the law, because this is what any good citizen would do.” A firm will not survive without the support of both the stakeholders and shareholders, thus the CSR proposes the indication which stats that a firm can never exist In a vacuum (Khalidah et.
Social Responsibility In Tesco
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Tesla Corporate Social Responsibility Analysis
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Examples Of Ethical Responsibility
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