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

The business of water supply - Essay fashion modelInvestopedia defines it as a collective proposal to both assess and allow blame for effect of familiaritys activities on affectionate welfare and environment. This term usually applies to the efforts made by a caller that steer away further and may be needed by environment protection groups and regulators. The bodily complaisant responsibility may also be known as corporate citizenship and can take into account sustaining short-term costs that do not give a direct financial tally to company but foster positive environmental and favorable change (Investopedia, 2013). Most of the companies enjoy capacious power in community and national economy. They organize many of their assets and have 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 based on C SR four part model in accordance 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, discretionary, and economic. These four layers shew that business history gives a premature emphasis on legal and economic aspects first and thus 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 set up to be mutually exclusive, it assists the manager to visualize the varying kinds of duties which are in relevance to each former(a) (CSRQuest, 2013). (CSRQuest, 2013) In 2004, Carroll tried to take into consideration the stakeholders viewpoint. Economic responsibility holds the idea that one should do what planetary capitalism asks him to go. Legal responsibilities contain that companys usually only do what ball-shaped stakeholders necessity 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 overall emphasis by Carroll (CSRQuest, 2013). This four-part model of CSR has been immensely cited and used in literature. Some reasons