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WorksheetsModels and Frameworks Activity
Total questions: 15
Worksheet time: 5mins
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
It emphasize on this model that "profit is important, but business has a wider purpose and social responsibility".
Concentric Circle Model
Intersecting Circle Model
Carroll’s Model
It recognizes the possibility of interrelationships among CSR domains; and rejects the hierarchical order of importance
Intersecting Circle Model
Concentric Circle Model
Carroll’s Model
A model is like the pyramid in that it views the economic role of business as its core social responsibility, and like the IC model in that it emphasizes the interrelationships among the different corporate social responsibilities. But underlying these similarities are essential differences in the very definitions of the corporate responsibilities.
Friedman’s Model
Intersecting Circle Model
Concentric Circle Model
It is a company’s gesture of concern and commitment to fulfill the economic, legal, ethical, and philanthropic responsibilities to its stakeholders towards society’s sustainability and development.
Entrepreneurship
Corporate Social Responsibility
Code of Ethics
It gains good points for doing good deeds to the society.
Improve Public Image
Increase Costumer Loyalty
Ease of access to funding
