Corporate Social Responsibility

Running head: CORPORATE SOCIAL RESPONSIBILITY
CORPORATE SOCIAL RESPONSIBILITY
Name of the Student
Name of the University
Author note

1
CORPORATE SOCIAL RESPONSIBILITY
Introduction
Corporate Responsibility or Corporate Social Responsibility is an important perspective
of business model. It includes automotive business activities which provides support to
companies to be socially active. The CSR model reminds the company of responsibilities
towards itself, the stakeholders and community where it operates. Through this model the
company gets aware of the role it plays in society, and the basic business course. It enhances
sense of responsibility for public surrounding the company in that particular community. It falls
under the company’s initiatives towards its employees and people in society. It works as a good
branding for the company as it can raise its goodwill with the philanthropic initiatives and
voluntary effort for the noble cause of society. In the following pages of the report, we would
learn about the principles, models and other aspects of CSR that will benefit on the investigation
of report question.
Discussion
Model of CSR
A model of CSR known as the Carroll’s CSR Pyramid is been explained to understand
the CSR activities. It has an elementary structure for understanding the argument of how an
organization meets its social responsibility that he has towards the society.
The Salient characteristics of this pyramid are given as follows:
 The profit areas are the primary areas to build CSR activities as it depends on the
foundations of profit factors.
 It requires the business to be there involved with its environment and government rules
and regulations.

2
CORPORATE SOCIAL RESPONSIBILITY
 The company before launching its CSR services and philanthropic activities must ensure
that it meets all the ethical roles and responsibilities.
Source: https://www.tutor2u.net/business/reference/carrolls-csr-pyramid
The above pyramid is showing four nasic responsibilities whuch are dicussed as under:
Economic Responsibility
This responsibility comes first in the pyramid that deals with the profitability of business.
It is the resoponsibility on the part of the business to lay its foundation on profit which turns out
to be the eeconomic responsibility of CSR (Kolk, 2016 pp. 23-34). This is the only weay that
mends ways for the other responsiblities in the same chain. Through this the society can be
benefitted for long in financial terms.
Legal Responsibility
The second level of responsibility in the pyramid is Legal responsibility which is to
maintain the governmental rules and regulations. For instance, the employment, the health and
hygiene and the competition.