CSR

• Whats Carolls theory?


  corporate social responsibility pyramid as a way of considering what CSR entailed
• What are the 4 layers


  1.economic responsibilities

  2.legal responsibilities

  3.ethical responsibilities

  4.philanthropic responsibilities
• what is economic responsibilities?


  -established to make profit

  -profit is primary motive

  -foundation tier of pyramid

  -all other layers depend on the economic responsibilities being met
• What are legal responsibilities?


  -obligations to society to conduct their affairs within the rules and laws

  -social contract between the firm and the society that it operates in

  -legal constraints affect all the aspects of the firms operations
• What are ethical responsibilities?

  -the need to ensure that they do not undertake certain activities that society might consider to be unjust and unfair on consumers

  -dynamic relationship between legal and ethical as ethical determine the values that a society eventually enshrines law
• What are philanthropic responsibilities?


  -notion that an organisation undertakes activities which makes it a good corporate citizen.

  -corporate funding of charities etc.

  -different from ethical responsibilities as society doesn’t expect a firm to undertake them