Posted: February 11th, 2023

Discussion post 4

How is CSR different from Adam Smith’s concept of the invisible hand? Why is this important?Based on the definitions of CSR in the chapter—including the author’s definition—what do you believe are the essential elements of CSR? Why?Describe some of the CSR programs or activities you discovered on the websites of the company listed in Table 1.Briefly describe the Concentric Circle Model of CSR and the CSR Pyramid. Explain how these models inappropriately compartmentalize economic, legal, and ethical considerations.List and briefly describe the CSR-related terms highlighted in the text: sustainability, corporate citizenship, corporate social performance, philanthropy, stakeholder theory, and systems theory.Here’s a couple big picture questions: What does CSR have to do with economic value (from our first discussion in Module 2)? What does (or should) CSR have to do with corporate strategy?