Models and Frameworks Activity

It is the way a firm treats its community reflects how it treats its employees.

• Improve public image

• It increases employee satisfaction

• Increase costumer loyalty

It is a possibility that investors will become more loyal as investors are concerned about ethics, company reputation, and corporate social

responsibility.

• Increase Creativity

• Improve public image

• Ease of access to fundings

People prefer to buy a product that is pro-social and with ethical business standards.

• Increase costumer loyalty

• Increase creativity

• Increase employee satisfaction

In this case, employees will find ways to help more people by being creative and innovative as part of their contribution to the company and society.

• Increase creativity

• Improve public image

• Increase employee satisfaction

It also commonly refer as “environmental stewardship” as it behaves in an environmentally friendly way.

• Ethical Responsibility

• Environmental Responsibility

• Philanthropic Responsibility

It ensures that the operation of the company is fair and ethical in manner. It should have fair treatment to its stakeholders including investors, suppliers, customers, employees, and others.

• Environmental Responsibility

• Ethical Responsibility

• Economic Responsibility

This aims to make the world a better place to live in. Some companies donate a portion of their earnings to a nonprofit organization, that may or may not be related to their business.

• Ethical Responsibility

• Economic Responsibility

• Philanthropic Responsibility

It involves the improvement of the firm’s operation to participate in maintainable practices like using new technology or process to minimize wastage.

• Economic Responsibility

• Philanthropic Responsibility

• Ethical Responsibility

It is a model is also known as the stakeholder's theory where he discussed that the core responsibility of a business is to increase the profit of the firm

• Ackerman’s Model

• Friedman’s Model

• Carroll’s Model

It analyzes the responsiveness of managers towards society’s issue. It emphasized the internal policy goals and their relation to CSR. For a firm to solve social issues, it needs to undergo four stages.

• Ackerman’s Model

• Friedman’s Model

• Carroll’s Model