Philanthropic Responsibility involves the act of promoting and enhancing human welfare and goodwill. This can also be described as being a good corporate citizen. It is worthy to note that Carroll’s pyramid represents one of the earliest attempt to merge tangible and intangible responsibilities which are economic and social responsibilities respectively.
Jackson and Hawker (2001) described CSR as how an organization treats its employees, stakeholders and the environment.
Concurrently Van Marrewijk (2001) opined that CSR is instilling Social and environmental concerns in Corporate plan and procedures and also demonstrating this with respective stakeholders.
Frederick, et al., (1992) argues that CSR should be a principle holding corporations …show more content…
Similarly, Global Corporate Social Responsibility Policies Project, (2003) in their publication stated that CSR is business ethical values indicating respect for workers, communities, and environment.
McWilliams and Siegel (2001) submitted that CSR is corporate actions and practices that go beyond the benefit of the firm and legal obligation in furtherance of some Social good.
In contrast to many others Marsdenn, (2001) says CSR is not a philanthropic act, neither is it an optional add-on rather it is the behaviour of a corporation whereby cognizance is taken of the impact of its activities on the society/environment, taking account of both positive and negative impact and yet running a profitable business
Hopkins, (2003) admits that corporate stakeholders exist both within and outside firm. His concern is that CSR is the treating of these stakeholders in an ethical or responsible manner.
Jones (1980) opines that CRS is an obligation that goes beyond the owner of business (stakeholders), prescribed law or union contract. Rather this is an obligation to constituent groups in …show more content…
Though in-depth and extensive researches have been done on Corporate Social Responsibility, there has been no acceptable universal definition of CSR.
Smith (2011) in his theses has viewed CSR as using a system approach with several subsets making up the system. These subsets on their own or managed separately or in linearity or linear relationship cannot achieve the goal of CSR but an interrelationship of these subsets and considering CSR from a system perspective would enable corporations to meet the demands of society and stakeholders.
Smith in the propounded definition opines that CSR is a business system that creates and distributes wealth for the good of its stakeholders through the integration or combination of ethical system and sustainable management practices. This is shown in the diagram
Jackson and Hawker (2001) described CSR as how an organization treats its employees, stakeholders and the environment.
Concurrently Van Marrewijk (2001) opined that CSR is instilling Social and environmental concerns in Corporate plan and procedures and also demonstrating this with respective stakeholders.
Frederick, et al., (1992) argues that CSR should be a principle holding corporations …show more content…
Similarly, Global Corporate Social Responsibility Policies Project, (2003) in their publication stated that CSR is business ethical values indicating respect for workers, communities, and environment.
McWilliams and Siegel (2001) submitted that CSR is corporate actions and practices that go beyond the benefit of the firm and legal obligation in furtherance of some Social good.
In contrast to many others Marsdenn, (2001) says CSR is not a philanthropic act, neither is it an optional add-on rather it is the behaviour of a corporation whereby cognizance is taken of the impact of its activities on the society/environment, taking account of both positive and negative impact and yet running a profitable business
Hopkins, (2003) admits that corporate stakeholders exist both within and outside firm. His concern is that CSR is the treating of these stakeholders in an ethical or responsible manner.
Jones (1980) opines that CRS is an obligation that goes beyond the owner of business (stakeholders), prescribed law or union contract. Rather this is an obligation to constituent groups in …show more content…
Though in-depth and extensive researches have been done on Corporate Social Responsibility, there has been no acceptable universal definition of CSR.
Smith (2011) in his theses has viewed CSR as using a system approach with several subsets making up the system. These subsets on their own or managed separately or in linearity or linear relationship cannot achieve the goal of CSR but an interrelationship of these subsets and considering CSR from a system perspective would enable corporations to meet the demands of society and stakeholders.
Smith in the propounded definition opines that CSR is a business system that creates and distributes wealth for the good of its stakeholders through the integration or combination of ethical system and sustainable management practices. This is shown in the diagram