BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Carroll’s four part definition of CSR was originally stated as follows: Corporate social responsibility encompasses the economic, legal, ethical, and discretionary (philanthropic) expectations that society has of organizations at a given point in time.

Detailed explanation-2: -CSR is generally categorized in four ways: environmental responsibility, ethical/human rights responsibility, philanthropic responsibility and economic responsibility.

Detailed explanation-3: -Corporate social responsibility is traditionally broken into four categories: environmental, philanthropic, ethical, and economic responsibility.

Detailed explanation-4: -Carroll has proposed a CSR concept, Carroll’s Pyramid of Corporate Social Responsibility, which states the organizations four business responsibilities – (i) economic, (ii) Legal, (iii) Ethical, and (iv) Discretionary(philanthropic). These four components are complementary to each other (not mutually exclusive).

Detailed explanation-5: -What are the Four Levels of Social Responsibility? Carroll’s pyramid of corporate social responsibility has four levels: the economic, the legal, the ethical, and the philanthropic.