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    Models of CSR

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    Varun Vignesh
    This document outlines several models of corporate social responsibility: 1) It describes the Classical Economic model, Socio Economic model, Friedman model, Ackerman model, Carroll model, Environmental Integrity & Community model, and Corporate Citizenship model. 2) The Ackerman model involves 4 stages: managers identify social problems, experts study solutions, managers implement projects, and projects are evaluated. 3) The Carroll model identifies 4 responsibilities: philanthropic, ethical, economic, and legal.

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    Models of CSR

    Uploaded by

    Varun Vignesh
    215 views15 pages
    This document outlines several models of corporate social responsibility: 1) It describes the Classical Economic model, Socio Economic model, Friedman model, Ackerman model, Carroll model, Environmental Integrity & Community model, and Corporate Citizenship model. 2) The Ackerman model involves 4 stages: managers identify social problems, experts study solutions, managers implement projects, and projects are evaluated. 3) The Carroll model identifies 4 responsibilities: philanthropic, ethical, economic, and legal.

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    This document outlines several models of corporate social responsibility: 1) It describes the Classical Economic model, Socio Economic model, Friedman model, Ackerman model, Carroll model, Environmental Integrity & Community model, and Corporate Citizenship model. 2) The Ackerman model involves 4 stages: managers identify social problems, experts study solutions, managers implement projects, and projects are evaluated. 3) The Carroll model identifies 4 responsibilities: philanthropic, ethical, economic, and legal.

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    © All Rights Reserved
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    Download as pdf or txt
    215 views15 pages

    Models of CSR

    Uploaded by

    Varun Vignesh
    This document outlines several models of corporate social responsibility: 1) It describes the Classical Economic model, Socio Economic model, Friedman model, Ackerman model, Carroll model, Environmental Integrity & Community model, and Corporate Citizenship model. 2) The Ackerman model involves 4 stages: managers identify social problems, experts study solutions, managers implement projects, and projects are evaluated. 3) The Carroll model identifies 4 responsibilities: philanthropic, ethical, economic, and legal.

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    MODELS OF CORPORATE

    SOCIAL RESPONSIBILITY
    LESSON 12

    Shwetha M Krishnappa
    Learning objectives

     Understand different models of CSR


    “It takes 20 years to build a reputation but only
    5 minutes to ruin it”
    Models of CSR

     Classical Economic model


     Socio Economic model
     Friedman model
     Ackerman Model
     Carroll Model
     Environmental Integrity & Community Model.
     Corporate Citizenship Model.
     Stockholders & Stakeholders Model.
    Classical Economic model

     An “invisible hand” (i.e., the efforts of


    competing entrepreneurs) promoted the public
    welfare when individuals tried to maximize
    short-run profits in pursuit of their own
    economic self-interests.
     Equates short-run profitability to social
    responsibility
    Socio Economic model
     Business has an obligation to meet the needs
    of the many groups in society besides
    stockholders in its pursuit of profit.
     Stakeholder audit: Systematically identifying
    all the parties that could possibly be affected
    by the company’s performance
    Friedman Model(1962-73)

     A businessmen should perform his duty well,


    he is performing a social as well as a moral
    duty.
     A businessmen has no other social
    responsibility to perform except to serve his
    shareholders & stockholders.
    Ackerman Model (1976)
     The model has emphasized on the internal policy
    goals & their relation to the CSR.
     Four stages involved in CSR.
     Managers of the company get to know the most
    common social problem & then express a willingness
    to take a particular project which will solve some
    social problems.
     Intensive study of the problem by hiring experts
    &getting their suggestions to make it operational.
     Managers take up the project actively & work hard.
     Evaluating of the project by addressing the issues.
    Ackerman Model contd...
     Six Strategies in the adoption of CSR
     Rejection strategy
     Adversary strategy
     Resistance strategy
     Compliance strategy
     Accommodation strategy
     Proactive strategy option of CSR
    Carroll Model(1991)
     Philanthropic requirements: Donation, gifts,
    helping the poor. It ensure goodwill & social
    welfare.
     Ethical responsibility: Follow moral & ethical
    values to deal with all the stakeholders.
     Economic responsibility: Maximize the
    shareholders value by paying good return.
     Legal responsibility: Abiding the laws of the
    land.
    Environmental Integrity & Community
    Health Model
     Developed by Redman.
     Corporate in US adopted this model.
     Corporate contribution towards environmental
    integrity &human health, there will be greater
    expansion opportunities.
     Healthy people can work more & earn more.
     CSR is beneficial for the corporate sector.
     CSR in a particular form is welcome.
    Corporate Citizenship Model
     To be a corporate citizen, a corporate firm has
    to satisfy four conditions:
     Consistently satisfactory
     Sustainable economic performance
     Ethical actions
     Behaviour.
     A particular firm’s commitment to corporate
    citizenship requires the fulfilment of certain
    social responsibility.
    Stockholders & Stakeholders Model

     Productvists believe that the only mission of a


    firm is to maximize the profit.
     Philanthropists who entertain the stockholders.
    CSR is dominated by moral obligations & not
    self-interest.
     Progressivists believes the corporate behaviour
    basically motivated by self interest & should have
    ability to transform the society for good.
     Ethical Idealism concern with sharing of
    corporate profits for humanitarian activities.
    Thank you

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