Responsibilities of CSR

Responsibilities of CSR

 (tudor2u, Carroll's CSR Pyramid, 2019)

According to Carroll’s CSR pyramid, the four responsibilities of CSR are:

1. Legal Responsibility
2. Philanthropic Responsibility
3. Ethical Responsibility
4. Economic Responsibility

Legal Responsibility-

“Legal responsibility simply means the responsibility of the business to obey the laws and other regulations.” (tutor2u, 2019) Some legal responsibilities that businesses engage in are health and safety, employment and tax laws. I believe that businesses follow these laws and regulation because it’s the greater good for society and it maintains balance and a good relationship between the business and the government as well as the public.

Philanthropic Responsibility-

According to Eric Dontigney, “Corporate philanthropy often takes the form of investments in the community.” (Dontigney, 2018) Some reasons why businesses invest into communities are to promote awareness for the business and to increase loyal customers. Some examples of Philanthropic responsibilities performed by businesses are donations and sponsorship. 

Ethical Responsibility-

Ethical Responsibilities simply means the business practices that the company engages in are considered to be morally approved or correct. Some examples of Ethical responsibility are fair standard products, equal pay for equal word and efficient use of natural resources. I believe that businesses mainly follow Ethical responsibilities to maintain a positive image internally and externally.

Economic Responsibility-

According to Scott Krohn “Economic responsibility focuses on practices that facilitate the long-term growth of the business, while meeting the standards set for ethical, environmental and philanthropic practices.” (Krohn, 2018) Some example of Economic responsibility is producing recyclable products and paying employees wage/salaries and taxes. Businesses engages in these activities mainly to make profits and also to maintain a positive image.

(tudor2u, Carroll's Corporate Social Responsibility Pyramid, 2018)

If you have any questions or any additional ideas which you feel i missed please comment below. 

References

Dontigney, E. (2018, April 13). Four Types of Corporate Social Responsibility. Retrieved from Four Types of Corporate Social Responsibility | Your Business: https://yourbusiness.azcentral.com/four-types-corporate-social-responsibility-1455.html

Krohn, S. (2018, November 8). Four Types of Corporate Social Responsibility. Retrieved from Four Types of Corporate Social Responsibility: https://bizfluent.com/info-8117691-four-types-corporate-social-responsibility.html

tudor2u. (2018, February 18). Carroll's Corporate Social Responsibility Pyramid. Retrieved from Carroll's Corporate Social Responsibility Pyramid: https://www.youtube.com/watch?v=2_1TLhe8LY8

tutor2u. (2019). Carroll's CSR Pyramid. Retrieved from Carroll's CSR Pyramid: https://www.tutor2u.net/business/reference/carrolls-csr-pyramid