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    Anuradha Gaikwad
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    COMMUNIST VIEW based on philosophy of Karl Marx Free industrialisation is bad as it is based on values of wrong order. Advocates the view that social responsibilities should be imposed by force or through legalisation. 3 CAPITALIST VIEW economic expediency alone is a just standard for business decisions. Welfare of society is not a business goal. Business should go about making profits and leave the responsibility of social problems to 4 Governments.

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    Approaches to CSR

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    COMMUNIST VIEW based on philosophy of Karl Marx Free industrialisation is bad as it is based on values of wrong order. Advocates the view that social responsibilities should be imposed by force or through legalisation. 3 CAPITALIST VIEW economic expediency alone is a just standard for business decisions. Welfare of society is not a business goal. Business should go about making profits and leave the responsibility of social problems to 4 Governments.

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    13 views6 pages

    Approaches To CSR

    Uploaded by

    Anuradha Gaikwad
    COMMUNIST VIEW based on philosophy of Karl Marx Free industrialisation is bad as it is based on values of wrong order. Advocates the view that social responsibilities should be imposed by force or through legalisation. 3 CAPITALIST VIEW economic expediency alone is a just standard for business decisions. Welfare of society is not a business goal. Business should go about making profits and leave the responsibility of social problems to 4 Governments.

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    of 6

    APPROACHES TO CSR

    By Anuradha Gaikwad

    DIFFERENT VIEWS ON CSR


    1.

    Communist View Capitalist View

    2.

    3.

    Pragmatic View
    Trusteeship View
    2

    4.

    COMMUNIST VIEW

    Based on philosophy of Karl Marx Free industrialisation is bad as it is based on values of wrong order.

    Economic

    efficiency

    only

    criteria

    in

    free

    industrialisation.

    Advocates the view that social responsibilities should be imposed by force or through legalisation.
    3

    CAPITALIST VIEW

    Economic expediency alone is a just standard for business decisions.

    Uncontrolled right to make money free from all

    social responsibilities.

    Welfare of society is not a business goal. Business should go about making profits and leave the responsibility of social problems to
    4

    Governments.

    PRAGMATIC VIEW
    Balance between economic profits and social responsibility. Profits are a test of efficient functioning. Social responsibilities beyond minimum level by Cater to public expectations. Anticipate public expectations. Create new public expectations.

    TRUSTEESHIP VIEW

    Based on Gandhian philosophy.

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