corporate social responsibility
the responsibilities that a business has to the society in which it operates
economic model of csr
a narrow view that holds that business' sole duty is to fulfill the economic functions businesses were designed to serve
philanthropic model of csr
holds that like individuals, business is free to contribute to social causes as a matter of philanthropy
social web model of csr
a common view that businesses exist within a web of social relationships- views business as a citizen of the society in which it operates and it must conform to the normal ethical duties and obligations that we all face
stakeholder theory
begins with the recognition that every business decision affects a wide variety of people, benefiting some and imposing costs on others
social entrepreneurship
Entrepreneurial activity whose goal is to find innovative solutions to social needs, problems, and opportunities
integrative model of csr
firms that bring social goals into the core of their business model and fully integrate economic and social goals
corporate sustainability report
provides an overview of the firm's performance on environmental and social issues
reputation management
the practice of attending to the image of a firm