Human Relations in Organizations - Human Relations: Corporate Social Responsibility

Social responsibility is defined as the duty of business to do no harm to society. There are four levels of social responsibility: Economics - the responsibility of the business to be profitable; The responsibility to meet legal obligations; The responsibility to act ethically and morally; Philanthropic responsibility - the idea that businesses should give back to the community in which they serve. People used to believe that the relationship between social responsibility and the community was inverse, where if companies benefited society, it came at economic cost to them. Recent research has pointed out that creating shared value (CSV) benefits both parties and not at a cost to one or the other. Individual social responsibility refers to our awareness of how our actions affect the community. ISR can include volunteering time, giving money, and standing up for issues that affect the rights of others. The triple bottom line refers to people, profit, and planet and reminds organizations to consider other aspects besides only profit in its operations.  HROB 152 Ch 6 Part 4 (final)