In the _____ model of corporate social responsibility (CSR), social goals are brought into the core...

In the _____ model of corporate social responsibility (CSR), social goals are brought into the core of a firm's business model, and economic goals are balanced against social goals.

ethics

Expert Solution

Answer: For the answering to the given question we, first, will briefly understand the meanings of basic four models of Corporate Social Responsibility as mentioned below:

Model 1: Economic Model:

This model states that the business' only obligation towards society is to do the economic activity, that is producing the goods and services demanded by society, and thereby to earn the profit under legal boundaries. Moreover, according to this model, there is no kind of social responsibility for businesses beyond the legal and economic requirements for which they exist.

Model 2: Philanthropic Model:

As per this model of CSR, the business organization has its own choice of doing any social activity. This means there is no kind of compulsion or strict obligation for businesses to do CSR activities. In a nutshell, this model says that CSR is more or less similar to benevolence (charity) if a company wishes to do CSR then it's a good thing, after all, one step beyond fulfilling the only legal and economic obligations (Economic Model) but, it's not mandatory.

Model 3: Social Web Model:

This model states that business is a part of society. Ii originates from society, operates for society and runs through society. It can not survive in isolation, without society. As per this model, the business has beyond the economic and legal obligations, a moral and ethical duty to respect the human rights of all the stakeholders directly or indirectly associated with the business activity, which is the bare minimum requirement that we expect whether from any individual or corporate institution.

Model 4: Integrative Model:

This model collaborates the views of other models and integrates economic and social obligations of the businesses. Here, social goals and responsibilities are incorporated into the core of the business activities, along with fulfilling the economic goals.

Conclusion: Hence, the correct answer to the given blank is: Integrative Model

Thus, by filling the given blank, we get:

In the Integrative model of corporate social responsibility (CSR), social goals are brought into the core of a firm's business model, and economic goals are balanced against social goals.

keosha answered 7 months ago

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