“Social Responsiveness

and Performance”

(Representative)
Valeroso, Raiza Lei
(Member)
Aguillo, Rhea Mae
Basco, Jasmine
Cruz, Bryan
Del Rosario, Aubrey Michaela
Gatchalian, Nicky
Macalintal, Lyndon
Samong, Maria Leonora
 The Difference between social responsibility and responsiveness.

What is Social Responsibility?

 Social responsibility is the moral or ethical duty of an individual or a social entity as
members of a society to behave in a way that will not harm, but benefit the society.
What is Social Responsiveness?
 Social responsiveness is all about a person’s obligation to contribute to our society.
Social responsiveness happens as a result of someone being socially responsible. And in
the sense of being obligated it happens as a result of social responsibility. Social
responsibility and Social responsiveness are related.

Relationship between Social Responsibility and Social Responsiveness

 Both aim at the betterment and the improvement of the quality of society as well as the
environment.
 Therefore, these two are closely inter-related; when someone is socially responsible,
he/she will eventually engage in social responsiveness as well.

Nature
- Social responsibility is acting and behaving in a way that will not harm but benefit
others.
- Social responsiveness is working towards the welfare of others by contributing to
addressing existing social issues. Hence, this is another difference between social
responsibility and social responsiveness.

Aim
Their aims is another difference between social responsibility and social responsiveness. The
main aim of social responsibility is to be accountable for the betterment of society and the
environment by not committing any acts that will harm others as well as destroy the
environment.
On the other hand, the main aim of social responsiveness is to be able to contribute to the
welfare of others and the betterment of the society and environment by addressing some of
the critical social problems in ways such as doing volunteering activities, environment
conservation campaigns, etc.
Conclusion
Social responsibility and social responsiveness are two inter-related concepts. Both ensure the
wellbeing of society and the environment. Social responsibility is the moral or ethical duty of an
individual and or a social entity as members of a society to behave in a way that will not harm,
but benefit the society. Social responsiveness is the manner in which a person/ an entity can
respond to a social need and contribute to the welfare of the others as well as to the
improvement of the society and the environment. Thus, social responsiveness happens as a
result of social responsibility. This is the difference between social responsibility and social
responsiveness.

ISR or individual social responsibility refers to our awareness of how our actions affect the
community as a whole. ISR can include volunteering time, giving money, and standing up for
issues that affect the rights of others. ISR (individual social responsibility) is defined as an
individual being aware of how personal actions have an effect on the community.
ISR can include the following:
1. Charitable acts
2. Working for the community
3. Supporting issues that affect society
4. Individual ethics

How corporate social responsibility (CSR) encompasses economic,

legal, ethical, and philanthropic components.

Environmental responsibility refers to the belief that organizations should behave in as

environmentally friendly a way as possible. It’s one of the most common forms of corporate
social responsibility. Some companies use the term “environmental stewardship” to refer to
such initiatives.
Economic responsibility is the practice of a firm backing all of its financial decisions in its
commitment to do good in the areas listed above. The end goal is not to simply maximize
profits, but positively impact the environment, people, and society.
Ethical responsibility is concerned with ensuring an organization is operating in a fair and
ethical manner. Organizations that embrace ethical responsibility aim to achieve fair treatment
of all stakeholders, including leadership, investors, employees, suppliers, and customers.
Philanthropic responsibility refers to a business’s aim to actively make the world and society a
better place.

LEGAL ASPECT/ LEGAL PERSPECTIVE

Its critical for businesses to follow the letter of the law. In addition to being aware of local,
federal and international laws, companies also need to understand the rules of regulatory
bodies for their industries. All businesses have a legal responsibility to do so.

Corporate social responsibility is related to, but not identical with, business ethics. While CSR
encompasses the economic, legal, ethical, and discretionary responsibilities of organizations,
business ethics usually focuses on the moral judgments and behavior of individuals and groups
within organizations. Thus, the study of business ethics may be regarded as a component of the
larger study of corporate social responsibility.

The pros and cons of the CSR issue.

CONS
-Social issues are not the concern of businesspeople and these problems should be resolved by
the free market system.
-Business is not equipped to handle social activities.
-CSR would put business into fields not related.
-Business already has enough power-economic, environmental, and technological.
-Cleaning up the environment, ensuring product safety, & donating money or time for welfare
issues all raise company costs. This cost will be passed on to the consumer through the final
prices of the product or service.

PROS
-Industrial society faces serious human and social problems brought on largely by the rise of the
large corporations.
-Managers must conduct the affairs of the corporation in ways to solve or ameliorate these
problems.
-For companies to be socially responsible is that if businesses are not, then the government will
create new regulations and establish fines against corporations.
-“Business has the resources” and “Let’s business try” –Keith Davis
-The public supports or in favor to companies’ Corporate Social Responsibility.

The concept of corporate social performance (CSP)

Corporate social performance (CSP) refers to the principles, practices, and outcomes of
businesses’ relationships with people, organizations, institutions, communities, societies, and
the earth, in terms of the deliberate actions of businesses toward these stakeholders as well as
the unintended externalities of business activity. The development of the CSP concept,
beginning in the 1950s and 1960s, is important for understanding how CSP is related to other
core topics and concepts in business and society/business ethics.

Overview of studies relating social performance to financial

performance.

Social Performance
- It's defined s the effective translation of an institution mission into practice in line with
accepted social values.
Financial Performance
- Is a subjective measure of how well a firm can use assets from its primary mode of business
and generate revenues.

THE RELATIONSHIP BETWEEN SOCIAL PERFORMANCE AND CORPORATE FINANCIAL

PERFORMANCE
Today, economic entity has to identify the needs of their surrounding environment and
Community and in general interested parties to continue their survival and link with executive
operation of the Manufacturing of their products and by explaining the necessities of
Community provide the best services and achieve their organizational goals by selling more
products.

In relation between financial performance and social performance,

There are two important issues.

✓DIRECT RELATIONSHIP

✓CAUSE AND EFFECT RELATIONSHIP.

DIRECT RELATIONSHIP
There is Positive and negative results and neutral to relationship,the Positive relationship
means that their increase in social performance leading to an increase financial performance.
CAUSE AND EFFECT RELATIONSHIP
It means that each of performance can be dependent or independent. In these circumstances,
If social performance is independent variable, it comes first and then effect on financial
performance.

• One issue that comes up frequently in consideration of corporate social performance is

whether or not there is a demonstrable relationship between a firms social responsibilities of
performance and it's financial performance.
 Describe the socially responsible investing movement.

SRI (socially responsible investing) is any issue that may not have a short term impact but
could have significant negative or positive impacts for asset owners in the long term.

SRI has a financial impact. Its not a Moral Judgement OR an Investment Judgement. It includes
both. It is the right thing to do and its in the interest of the investor

Includes:
Ethical business practices
Transparent reporting
Community support
Black economic empowerment