What is a corporation's social corporate responsibility for each of the four areas of corporate social responsibility? The four areas of corporate social responsibility are legal, economic, ethical, and philanthropic.
According to the Pyramid of Corporate Social Responsibility, the ultimate responsibility of a corporation is its economic performance. This is to make and provide income to workers and in turn provide services and goods to customers, thereby increasing the wealth of the economy. Along with this expectation, the corporation is expected to obey the law, since the law provides society with a code of right and wrong behavior. Next, a business is required to be ethical, ultimately doing what is right, just and fair, and limiting loss to investers (employees, consumers, the environment, etc.). Lastly, the corporation is required to be philanthropic by increasing the quality of life by contributing to financial and human resources.
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