The business of water Essay Example | Topics and Well Written Essays - 2500 words

The business of water system - Essay ExampleInvestopedia defines it as a corporate proposal to both assess and don blame for effect of companys activities on kind welfare and environment. This term usu bothy applies to the efforts made by a company that steer forth further and may be needed by environment protection groups and regulators. The incorporate social responsibility may also be known as corporate citizenship and can take into account sustaining short-term costs that do not give a direct financial gain to company just foster positive environmental and social change (Investopedia, 2013). Most of the companies enjoy immense power in community and national economy. They organize many of their assets and make billions of dollars at their disposal for social investments for the purpose of corporate social responsibility. ... The aims of this assignment are to critically assess various theories pertaining corporate social responsibility base on CSR four part model in accord ance with Business of water case and to critically evaluate the affect of demand and supply of water on corporate social responsibility initiatives such as Partnership agreements as mentioned in the case (Investopedia, 2013). Task 1 In 1979, Carroll classified Corporate Social Responsibility in a paper on performance of corporate culture in which he gave out four theories of corporate social responsibility legal, ethical, discretional, and economic. These four layers show that business history gives a premature emphasis on legal and economic aspects first and then on discretionary and ethical aspects of CSR. In 1991, he first presented this model of CSR in the form of a pyramid as the following figure represents. It was proposed that even though all the components are not found to be mutually exclusive, it assists the manager to visualize the varying kinds of duties which are in relevance to each other (CSRQuest, 2013). (CSRQuest, 2013) In 2004, Carroll tried and true to take into consideration the stakeholders viewpoint. Economic responsibility holds the idea that one should do what global capitalism asks him to go. Legal responsibilities contain that companys usually scarce do what global stakeholders want them to do. Ethical responsibility says that do what global stakeholders expect you to do. The philanthropic responsibility however believes that do what global stakeholders require you to do. This was the boilersuit emphasis by Carroll (CSRQuest, 2013). This four-part model of CSR has been immensely cited and used in literature. Some reasons