Quick Answer: What Is The Difference Between Social Responsibility And Legal Obligation?

What is the meaning of CSR and CR?

Corporate Social Responsibility (CSR) is akin to: Giving money to a beggar who knocks on your car window.

Corporate Responsibility (CR), on the other hand is standing on the traffic light, patiently, till the time the signal turns green..

What does sustainability mean in CSR?

responsibility for theSustainability is responsibility for the impact that the organization exerts on its surroundings, in business, environmental and social terms. … Sustainability is skilled positioning of the organization in the economic reality, taking account of the social and economic challenges, environmental opportunities and threats.

What is the difference between CSR and SR?

The main difference between social responsibility and corporate social responsibility is that corporate social responsibility concerns obligation of business companies to ensure their business benefit the society as well as the environment while social responsibility is the general way of a person(s) being responsible …

What are the 4 levels of social responsibility?

Understanding the Four Levels of CSRCarroll’s pyramid suggests that corporate has to fulfil responsibility at four levels – Economic, Legal, Ethical and Philanthropic. … The lowest level of the pyramid represents a business’s first responsibility, which is to be profitable.More items…•Nov 12, 2019

What are the types of obligation?

Forms of Obligationabsolute obligation.contractual obligation.express obligation.moral obligation.penal obligation.

Legal responsibility means specific duties imposed upon a person to care or provide for another including liability for personal obligations as granted through a Power of Attorney or Court order. … Legal responsibility may be held solely or may be divided or shared.

What is the difference between ethical responsibility and legal responsibility?

Legal compliance refers to acting in accordance with the laws of a particular organization, company etc. while ethical responsibility is the choice to comply with the code of ethics of the particular organization, company etc. Thus, this is the main difference between legal compliance and ethical responsibility.

What are the 4 types of social responsibility?

Corporate social responsibility is traditionally broken into four categories: environmental, philanthropic, ethical, and economic responsibility.

Legal standards are those standards that are set forth in governmental laws. Ethical standards are based on the human principles of right and wrong. … Legal standards are based on written law, while ethical standards are based on human rights and wrongs.

What are some examples of social obligation?

Gift giving, for example, is a social obligation. If you receive a gift from a friend on your birthday, you are expected to give a gift on that person’s birthday. Parents have a social obligation to teach their children right from wrong and good manners.

Obligation is the moral or legal duty that requires an individual to perform, as well as the potential penalties for the failure to perform. An obligation is also a duty to do what is imposed by a contract, promise, or law. In the most general sense, duty is a synonym of obligation.

What is social responsibility of business organization?

Social responsibility in business, also known as corporate social responsibility (CSR), pertains to people and organizations behaving and conducting business ethically and with sensitivity towards social, cultural, economic, and environmental issues.

Legal Responsibility Legal responsibilities are not only liable to the individuals in the society but also to the businesses in the society. … These rules and regulations are set for maintaining balance and the greater good of the society. A law-abiding enterprise is a socially responsible enterprise as well.

What are ethical responsibilities?

Definition: Ethical responsibility is the ability to recognize, interpret and act upon multiple principles and values according to the standards within a given field and/or context.

What are 3 possible reasons for unethical business practices?

The 5 most common unethical behaviors in the workplaceMisusing company time. Whether it is covering for someone who shows up late or altering a time sheet, misusing company time tops the list. … Abusive behavior. … Employee theft. … Lying to employees. … Violating company internet policies.Jan 26, 2015

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