What are the different theories of CSR?

What are the different theories of CSR?

Three of the main CSR theories and models have been represented and analyzed in this article: The Carroll Theory, The Triple Bottom Line Theory, and The Stakeholder Theories. Since any business corporation has to adopt one of these theories, this study reveals the strength and challenges of every theory.

What theory is CSR based on?

The literature therefore recognizes four major theories of Corporate Social Responsibility (CSR) or four theories about the responsibilities of business in society, which can be considered contemporary mainstream theories, namely: Corporate Social Performance (CSP), Shareholder Value Theory or Fiduciary Capitalism.

What is Carroll’s pyramid of CSR?

Carroll’s pyramid suggests that corporate has to fulfil responsibility at four levels – Economic, Legal, Ethical and Philanthropic.

What is CSR framework?

Corporate Social Responsibility – or CSR – is a process where companies integrate social and environmental concerns into their business and interactions with stakeholders. Our CSR goal is to create a positive impact on society and deliver value whether social, environmental, or economic.

What can you say about CSR framework?

What is ethical theory in CSR?

Social responsibility is an ethical theory in which individuals are accountable for fulfilling their civic duty, and the actions of an individual must benefit the whole of society. In this way, there must be a balance between economic growth and the welfare of society and the environment.

What is a CSR framework?

What are the different models and frameworks of social responsibility?

According to the model (Figure 1a), four kinds of social responsibilities constitute total CSR: economic (“make profit”), legal (“obey the law”), ethical (“be ethical”), and philanthropic (“be a good corporate citizen”).

What is the CSR theoretical framework?

This theoretical framework can be employed as a theoretical foundation for empirical studies relating to the reasons for CSR practices in various contexts. It attempts to obtain deep insights through more than one single theory in order to obtain fuller understanding of CSR practices.

What is Corporate Social Responsibility (CSR)?

As a specific theory of the way corporations interact with the surrounding community and larger world, corporate social responsibility (CSR) is composed of four obligations: The economic responsibility to make money. Required by simple economics, this obligation is the business version of the human survival instinct.

What are the three theoretical approaches to the new social responsibilities?

Broadly, there are three theoretical approaches to these new responsibilities: 1 Corporate social responsibility (CSR) 2 The triple bottom line 3 Stakeholder theory

Is CSR a proactive duty or a legal responsibility?

Without them, there’s no business and no business ethics. The legal responsibility to adhere to rules and regulations. Like the previous, this responsibility is not controversial. What proponents of CSR argue, however, is that this obligation must be understood as a proactive duty.