Question

Models of CSR

Tell your own word abot fried man model, ackerman model(1967), Carroll's model(1991), Redmans model, corporate citizenship model,stockholder and stakeholders model , new model of csr.

Answer 1

Ans : The three models of corporate social responsibility as a way of understanding this often contentious conversation. One of three conceptual models for CSR: a conflict model, an added value model and a multiple goals model.

First part :Traditional Conflict Model

In the traditional conflict model for corporate social responsibility, social values and benefits are seen as in conflict with shareholder .the nature of business is one of trade-offs between economic and moral values, and corporate managers will inevitably be forced to decide between their social responsibilities or their commitment to shareholder equity value.

Second part : Added Value Model

A second model for conceptualizing corporate social responsibility and environmental commitments as a means to increase profit.This model tend to acknowledge that conflicts persist in business decisions, they also believe that CSR investments are also capable of generating new revenues. This model focus on issues like the value of CSR in attracting finding socially conscious employees and managing the risks of negative press.

Third part : Multiple Goals Model

Finally, a Third model for corporate social responsibility posits a role for social values in corporate decisions that are considered to economic values. corporations have goals beyond shareholder value, including the enhancement of their community without respect to monetary gain or quality of life as the basis of economic activity.