Answer to Question #223469 in English for Rimix

Question

Distinguish between concepts of corporate social responsibly, corporate social responsiveness, corporate social performance and corporate citizenship. How are these ideas different from each other? How are they similar?

Answer 1

The corporate social responsibility conception highlights on legal, ethical, charitable and economic responsibility. The key aim of corporate social responsibility is to capitalize on profits, enhance the business environment, and contribute to the growth and general well-being of the whole society. The legal aspect of corporate social responsibility denotes businesses and multinational companies are accountable for performing their operations legitimately.  Companies and business ought to be principled, which indicates that they must preserve and enhance the growth of a company’s culture, and safeguard the rights of employees, protect the natural environment, and abide by the anti-corruption laws. Charitable accountability denotes that business and companies must offer some intentional initiatives, for instance, funding research and development to improve public health.

However, corporate social responsibility highlights on responsibility and answerability, the corporate social responsiveness focuses on activities and actions completed by a company. It streamlines the companies and organizations, and are responsible for every action that they do, that they should define their actual roles before they take or implement actions. Corporate social performance designates the approach that businesses experience responsibilities correlated with actions to attain satisfactory results or outcomes.  This model conveys the accountability and receptiveness scopes together into an outline, which also illuminates classifications of communal or stakeholders’ concerns, which should be reflected. Moreover, corporate citizenship model empathizes all the three models and is defined as the act of serving different stakeholders. The model develops into five unique phases, which include elementary, engaged, inventive, incorporated, and changing.  Though it accompanied with some dissimilarities within its description, the key purpose of those concepts is accountable for contributing essential benefits to the community, enhance the quality of life, and generate a principled setting.