LESSON 1: CORPORATE SOCIAL RESPONSIBILITY Flashcards
CAROLL’S CSR PYRAMID
Which responsibility of a business involves voluntary actions or programs aimed at promoting human welfare or goodwill, such as contributions to education, the arts, or community initiatives, but is not considered unethical if not fulfilled?
PHILANTHROPIC RESPONSIBILITIES
KEY WORD: VOLUNTARY ACTIONS AND PROGRAMS
A simple framework that helps argue how and why
organizations should meet their social responsibilities.
Carroll’s CSR Pyramid
CSR principle that focuses on the impact of present actions on future resource availability, particularly highlighting concerns with finite resources like coal, iron, or oil.
choices: SUSTAINABILITY ,ACCOUNTABILITY, TRANSPARENCY
SUSTAINABILITY
CSR principle that involves an organization acknowledging its impact on the external environment and taking responsibility for the effects of its actions.
choices: SUSTAINABILITY ,ACCOUNTABILITY, TRANSPARENCY
ACCOUNTABILITY
This principle ensures that the external impact of an organization’s actions is clearly visible through its reporting, without any relevant facts being hidden
choices: SUSTAINABILITY ,ACCOUNTABILITY, TRANSPARENCY
TRANSPARENCY
Who proposed the Pyramid of Corporate Social Responsibility
Archie Carroll
The four kinds of social responsibilities in CAROLL’S CSR PYRAMID
ECONOMIC
LEGAL
ETHICAL
PHILANTROPIC
Based on caroll’s CSR pyramid, CSR is built on the foundation of ______
PROFIT
PROFIT (1ST)
COMPLIANCE TO LAW AND REGULATION (2ND)
ETHICAL DUTIES (3RD)
CAROLL’S CSR PYRAMID
Which responsibility requires it to operate within the boundaries of laws and regulations set by government authorities, reflecting basic notions of fair operations and societal expectations?
LEGAL RESPONSIBILITIES
KEY WORD: LAWS AND REGULATION
corporate social responsibility is also called
corporate citizenship
CAROLL’S CSR PYRAMID
Which responsibility is considered fundamental, as it is the basis for all other responsibilities and involves producing goods and services while making an acceptable profit?
ECONOMIC RESPONSIBILITIES
KEY WORD: MAKING PROFIT
is a self-regulating business model that helps a
company be socially accountable to itself, its stakeholders, and the public
CORPORATE SOCIAL RESPONSIBILITY (CSR)
WHAT ARE THE KEY PRINCIPLES OF CSR
SUSTAINABILITY
ACCOUNTABILITY
TRANSPARENCY
CAROLL’S CSR PYRAMID
Which responsibility goes beyond legal requirements and involves adhering to societal expectations of fairness, justice, and respect for stakeholders’ moral rights, even when these expectations are not codified into law?
ETHICAL REPONSIBILITIES
KEY WORD; ADHERING TO SOCIETAL EXPECTATIONS THAT ARE’NT CODIFIED BY LAW
is also often referred to as business responsibility
and an organization’s action on environmental, ethical, social and economic issues.
CORPORATE SOCIAL RESPONSIBILITY (CSR)