Quick Answer: What Are The Two Views Of Social Responsibility?

What are the two opposing views of social responsibility?

The concept of CSR represents an extension of the ongoing debate about the role of business in society.

Two opposing perspectives to CSR have emerged resulting from different interpretations of the role of corporations in society—business view and societal view..

What are the two main perspectives of corporate social responsibility?

The concept of CSR represents an extension of the ongoing debate about the role of business in society. Two opposing perspectives to CSR have emerged resulting from different interpretations of the role of corporations in society—business view and societal view.

What are the 4 types of social responsibility?

The four types of Corporate Social Responsibility are philanthropy, environment conservation, diversity and labor practices, and volunteerism.

What is the socioeconomic model of social responsibility?

Socioeconomic model of social responsibility, which places emphasis not only on profits but also on the impact of business decisions on society. … Corporate time, money, and talent should be used to maximize profits, not to solve society’s problems.

What is the classical view of social responsibility?

Perspectives on Corporate Social Responsibility Classical view of CSR = is that business should focus on profits. It focuses on the single bottom line of financial performance. Socio-economic view of CSR = is that business should focus on broader social welfare as well as profits.

Why corporate social responsibility is bad?

The study’s authors found that focusing on CSR strategies hurts companies financially because they aren’t devoting all their attention to investment opportunities. In the long run, this lack of focus on increasing profits leads to losses for company shareholders.