Four Levels Of Corporate Social Responsibility
Opposing views influence and shape how our society views Corporate Social Responsibility (CSR) in the modern workplace. One side’s viewpoint on Corporate Social Responsibility is that CSR is a purely economic concept and the sole responsibility of a business organization is to make a profit. In stark contrast to this popular belief, research shows that CSR opens far beyond economic success. Business organizations have many more moral, ethical, legal, and philanthropic responsibilities. Many business organization fear CSR because they fear economic downfall. While trying to establish Corporate Social Responsibility in business organizations, people must be aware or the pros and cons. Corporate Social Responsibility has a great positive impact …show more content…
According to the Villanova University there are an established four levels of corporate social responsibility: economic, legal, ethical, and philanthropic. Each level holds within it a standard for CSR. Economic CSR is established so that business organizations are able to be profitable, legal CSR encompasses obeying all laws, ethical CSR includes doing what is right and avoiding harm, and philanthropic CSR is being a good global corporate citizen. These four levels are firmly established however a fifth level is beginning to evolve in this millennial age. This fifth level is the environmental level of corporate social responsibility. The environmental level revolves around holding every business organization responsible for their impact on the welfare the environment and environmental …show more content…
If corporate social responsibility is established and implemented correctly there will be a shocking number of benefits that create a positive impact. Corporate social responsibility attracts, retains and maintains a happier working force. If the employees are happy then the better you product looks and the more eager employees are to sell the product. A stong CSR enhances the relationship between the top dogs of a business organization, the employees, and the costumers. This balance is essential to maintain and and enhance. If you have a happy working crew and a happy customer basis the more influential your business will be in your industry. Strong CSR also differentiate you from all of the other business organizations out there just like yours. Keeping a happy business with a strong sense of corporate social responsibility will increase the media interest in you and help you establish a good reputation in places beyond the confines of your community, henceforth inspiring and motivating more business organizations to follow your
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