Corporate Responsibility and Media

Name of the Student
Name of the University
Author Note

Table of Contents
Introduction................................................................................................................................3
QUESTION 1-...........................................................................................................................3
QUESTION 2-...........................................................................................................................3
QUESTION 3-...........................................................................................................................4
QUESTION 4-...........................................................................................................................4
QUESTION 5-...........................................................................................................................4
QUESTION 6-...........................................................................................................................5
QUESTION 7-...........................................................................................................................5
QUESTION 8-...........................................................................................................................5
QUESTION 9-...........................................................................................................................5
QUESTION 10-.........................................................................................................................6
QUESTION 11-.........................................................................................................................6
QUESTION 12-.........................................................................................................................6
QUESTION 13-.........................................................................................................................6
QUESTION 14-.........................................................................................................................7
Conclusion..................................................................................................................................7
Reference:..................................................................................................................................8

Introduction
This study deals with understanding the theme on Corporate Responsibility. In this
particular assignment, proper emphasis had been given on explaining about Corporate Social
Responsibility. In addition to that, models of CSR had been properly analysed in this study
that includes economic, social as well as ethics and discretionary. Corporate social
responsibility or CSR deals with promoting low carbon society, promoting circular economy,
respecting human rights, reducing the effects on environment.
QUESTION 1-
Corporate responsibility or corporate social responsibility relates to business conscience,
social and environmental responsibilities of the corporate world. Once it was considered an
internal policy of the organisation but as time has passed many international laws have come
into the picture and various organisations have pushed it to a point of no longer individual
initiatives. CSR or corporate social responsibility is basically meant to be a form of self-
regulatory form of corporate (Leipziger, 2017).To be successful, it has to be integrated into a
business model. In the Business Dictionary, it is defined as the responsibility of the industry
towards the environment and the society.
QUESTION 2-
There are four main pillars or models of corporate social responsibility, the four being
economic, legal, ethical and discretionary or philanthropic. Let us discuss the four models
briefly.
The economic model of the corporate social responsibility reflects on the need to produce
products which are beneficial to the society. It explains that if the business is allowed to
produce and market products that are profitable to the society then it will be benefitted the
most.
The legal model of the corporate social responsibility reflects on the need to abide by the
laws and regulations set by the government. It is the duty of every business to follow the rules
set by the agencies of the government. For the greater good of the society, these rules and
regulations act as a balanced and are expected to be abided by (Bizfluent.com, 2019).