Scribd
Upload
12 views

Lesson 3. Types, Characteristics, Forms and Dimensions of CSR

Uploaded by

Ruth Jean Iligan
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
12 views

Lesson 3. Types, Characteristics, Forms and Dimensions of CSR

Uploaded by

Ruth Jean Iligan
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 9

Types,

Characteristics,
Forms and
Dimensions of
CSR
LESSON 3 (MODULE 2)
Learning Outcomes

LO1

Discourse the different kinds


of CSR applicable to
respective businesses and
articulate its forms and
dimensions.
Types of Corporate Social Responsibility

Ethical
C SR Altruisti Strategic
c CSR C SR
Refers t Refers to Refers to
o the participa the
r es p o n s and prom ting organizat
ibility t oting to ion’s soc
circumv o su p p o r t c welfare ial
en t an d o mm o n g
p r ev en t at the via ood responsib
da ble outla
impairm mage, the comp y s of benefit m
ilities tha
t
en any for n
and/or s t humane, oble, business
utually th
e
oc
grievan ial or charit
able stakehold
and its
ce causes ers
Characteristics of CSR
The main characteristics of Corporate Social Responsibility are the fundamental
attributes of the model that be likely to get replicated in some way either in the academic
or consultative realms as defined by CSR. Below are the core characteristics of CSR
that are evident in many types of business endeavors

voluntary Managing externalities


Multiple stakeholder orientation Social and economic alignment

Practices and values Beyond philanthropy


Characteristics of CSR
Voluntary. Various characterizations of Corporate Social Responsibility perceive around
voluntary undertakings. Activities conducted by firms are mostly anticipated within the
parameter of ethical standards.
Internalizing and/or Managing Externalities. Mutually and in sync, this feature of CSR,
where externalities are the progressive (positive) and undesirable, damaging, and
destructive (negative) side effects of economic behavior of others on the company. A
common and timeless case of externality is pollution and contamination.
Multiple Stakeholder Orientation. All business ventures, regardless of size, nature and
orientation, have obligations to their respective shareholders. Activities to be conducted
must be consulted to all concerned, especially when dealing with CSR.
Characteristics of CSR
Alignment of Social and Economic Responsibilities. Being socially responsible is
important and so is business profitability. Corporations can benefit economically from
being socially responsible.
Practices and values. Businesses have a specific set of programs on how to deliver
their schemes and tactics as they see fit when dealing with social concerns. This all
depends on the firm’s philosophy. Consider not only the staffs that company do in the
social ring but then again, and more importantly, why they do it.
Beyond philanthropy. Philanthropy in CSR is primarily about humanity and
compassion. It is basically extending help to those in need such as charitable cases or
the less fortunate. Through CSR, corporations make an impact to the society at large.
Forms and Dimensions of CSR

Philanthrophic responsibility (desired by society)

Ethical responsibility (expected by society)

Legal responsibility (required by society)

Economic responsibility (required by society)


Philanthrophic responsibility. Involves being a good corporate citizen by contributing
resources to the community, thus improving the quality of life of others.
Ethical responsibility. Organization’s management are to follow the generally held
beliefs about the behavior in a society.
Legal responsibility. Defined by governments in laws that management are expected
to comply; play by the rules.
Economic responsibility. Organization’s management are to produce goods and
services of value to society so that the firm may repay its creditors and shareholders.
Dimensions of CSR

 Legal compliance
 Business ethics, values and principles
 Corporate governance
 Employee rights and welfare
 Human rights
 Commitment to socio-economic development
 Accountability and transparency
 Market relations
 Ecological concerns
 Sustainability

You might also like