CSR Basic Theories.

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2. 1. Carroll’s CSR Pyramid
2. Triple Bottom Line CSR Theory
3. Stakeholder Theory
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3. Business have four obligation
1. Economic Responsibility
2. Legal Responsibility
3. Ethical Responsibility
4. Philanthropic Responsibility
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4. Philanthropic
Ethical
Legal
Economic Required by society
Required by society
Expected by society
Desired by society
Be Profitable
Adhere to Laws & Regulations
Be fair & just
Good Cooperate Citizen
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5. Three Dimensions
1. Economic Dimension/Profit
2. Social Dimension/People
3. Environmental Dimension/Planet
John Elkington coined the term in hid book entitled, ‘Cannibals with Forks: The Triple-
Bottom-Line of the 21st Century Business’
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6. Dr. F. Edward Freeman, professor at University of Virginia in his book entitled,
“Strategic Management: A Stakeholder Approach” suggested that shareholders are
one of the stakeholders
1. Consumers
2. Employees
3. Suppliers
4. Government Bodies
5. Environmental Groups
6. Local Communities
7. Media
8. Financial Institutions
9. Government Groups
10. Political Action Groups
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7. 1. Dangers of Social Responsibility
2. Theory of Capitalism
3. Trusteeship
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8. ©Dr. Madhavi Peddada 2022 All rights reserved