A gesture of showing the company's concern & commitment towards society's sustainability & development
Corporate Social Responsibility
The ethical behaviour of a company towards society
WBCSD (World Business Council for Sustainable Development) definition of CSR:
Nature of social responsibility
CSR is normative in nature
CSR is a relative concept
CSR may be started as a proactive or reactive
All firms do not follow the same patterns of CSR
Legal & socially responsible
Legal but socially irresponsible
Illegal but socially responsible
Illegal & socially irresponsible
Models of corporate social responsibility
Friedman model
Ackerman Model
Carroll Model
Environmental Integrity & Community Model
Corporate Citizenship Model
Stockholders & Stakeholders Model
New Model of CSR
Friedman Model
A businessmen should perform his duty well, he is performing a social as well as a moral duty. A businessmen has no other social responsibility to perform except to serve his shareholders & stockholders.
Ackerman Model
The model has emphasized on the internal policy goals & their relation to the CSR. Four stages involved in CSR.
Six Strategies in the adoption of CSR
Rejection strategy
Adversary strategy
Resistance strategy
Compliance strategy
Accommodation strategy
Proactive strategy
Carroll Model
Philanthropic responsibility
Ethical responsibility
Economic responsibility
Legal responsibility
Environmental Integrity & Community Health Model
Corporate contribution towards environmental integrity & human health, there will be greater expansion opportunities. Healthy people can work more & earn more. CSR is beneficial for the corporate sector.
Corporate Citizenship Model
To be a corporate citizen, a corporate firm has to satisfy four conditions: Consistently satisfactory Sustainable economic performance, Ethical actions, Behaviour.
Stockholders & Stakeholders Model
Productivism
Progressivism
Philanthropy
Ethical Idealism
CSR Examples
IBM UK - Reinventing Education Partnership programme
AVON - a partnership with Breakthrough Breast Cancer