Recalling the meaning of term “philanthropy” in the ancient Greek as “love of humanity,” philanthropic CSR can be defined as corporate behaviors of spending its financial and/or other resources in the solution of social and environmental problems.
What is meant by philanthropic responsibility?
The philanthropic responsibilities are the voluntary responsibilities of the enterprise. … Such activities can include donations of goods and services, volunteering activity, the involvement of the enterprise or of its employees in the community or of the stakeholders.
What is philanthropic dimension of social responsibility?
Philanthropic dimension of CSR refers to companies contributing to the local community or society. It offers four benefits to society. First, the philanthropic dimension improves quality of live. It helps the community to make there an area where customers want to do business and employees want to raise their children.
What is ethical and philanthropic responsibility?
And, in terms of understanding each type of responsibility, it could be said that the economic responsibility is “required” of business by society; the legal responsibility also is “required” of business by society; the ethical responsibility is “expected” of business by society; and the philanthropic responsibility is …
What is the importance of philanthropic responsibility?
Philanthropy is important because it provides opportunities. Philanthropy supports projects and endeavors that may be too unpopular or controversial to gain the widespread support of the general public or the government. For this reason, philanthropy is a very important part of a democratic society.
What is an ethical responsibility?
Definition: Ethical responsibility is the ability to recognize, interpret and act upon multiple principles and values according to the standards within a given field and/or context.
What are the 4 types of social responsibility?
Corporate social responsibility is traditionally broken into four categories: environmental, philanthropic, ethical, and economic responsibility.
- Environmental Responsibility. …
- Ethical Responsibility. …
- Philanthropic Responsibility. …
- Economic Responsibility.
What are the 4 areas of social responsibility?
There are four key aspects of social responsibility: ethical, legal, economic and philanthropic.
What is social and ethical responsibility?
Social responsibility is an ethical theory in which individuals are accountable for fulfilling their civic duty, and the actions of an individual must benefit the whole of society. If this equilibrium is maintained, then social responsibility is accomplished. …
What is a social responsibility issue?
CSR therefore covers a broad spectrum of issues that must be taken into account in business conduct. … This includes working conditions, human rights, the environment, preventing corruption, corporate governance, gender equality, occupational integration, consumer interests and taxes.
Who is a philanthropist person?
A philanthropist is a person who donates time, money, experience, skills or talent to help create a better world. Anyone can be a philanthropist, regardless of status or net worth.
How does the government push businesses to act responsibly?
What can be (and has been) done to encourage ethical behavior in business? Government increasing regulations, trade association’s providing ethical guidelines for their members, and companies code ethics for their employees.