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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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Carroll's pyramid model of corporate social responsibility (Carroll, 1991). Be a good citizen. Contribute resources PHILANTROPIC to the community and improve quality of life. RESPONSIBILITIE Be ethical. Obligation to do what is ETHICAL right, just and fair actions. Evade RESPONSIBILITIES harm.. Obedience to the Law. The law regulates societal activities. LEGAL Compliance to the dictates of the law. RESPONSIBILITIES Be Profitable. The fundamentals of ECONOMIC businesses. RESPONSIBILITIES

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