Question
The four Models and Frameworks of Social Responsibility are the following: 1. Economic Model - this model is followed by entrepreneurs on the purpose to
The four Models and Frameworks of Social Responsibility are the following:
1. Economic Model - this model is followed by entrepreneurs on the purpose to
increase the profit of the company. This is otherwise known as the profit-based
social responsibility of the business. A business is an organization that
produces goods and services. In this connection, the society and the
community benefits from it because jobs are created and wealth is collected.
2. Philanthropic Model - The entrepreneur, just like any other individuals, is free
to contribute to social causes in form of philanthropic action. Although
corporations and businesses have no obligations to contribute to social causes,
it may be contributory to its good reputation. Businesses are encouraged to do
charitable works because it does not only help the community but it also helps
the company to have good public relations, tax deductions and good will.
3. Social Web Model (Ethical) - It projects business as a citizen of the society in
which it functions as such. Just like all members of a society business must
obey to the normal ethical duties that every citizen of the community faces. It is
the duty of the corporation to comply with the law of the community.
4. Integrative Model -There is combination of social goals with economic
objectives of the organization. Most of the successful corporations have
recognized that some for-profit organizations also have social goals as a
fundamental part of the organizational strategy.
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