What is meant by philanthropic responsibility?

The philanthropic responsibilities are the voluntary responsibilities of the enterprise. … Such activities can include donations of goods and services, volunteering activity, the involvement of the enterprise or of its employees in the community or of the stakeholders.

What is an ethical and philanthropic responsibility?

And, in terms of understanding each type of responsibility, it could be said that the economic responsibility is “required” of business by society; the legal responsibility also is “required” of business by society; the ethical responsibility is “expected” of business by society; and the philanthropic responsibility is …

What is philanthropy social responsibility?

Recalling the meaning of term “philanthropy” in the ancient Greek as “love of humanity,” philanthropic CSR can be defined as corporate behaviors of spending its financial and/or other resources in the solution of social and environmental problems.

What is the importance of philanthropic responsibility?

Philanthropy is important because it provides opportunities. Philanthropy supports projects and endeavors that may be too unpopular or controversial to gain the widespread support of the general public or the government. For this reason, philanthropy is a very important part of a democratic society.

What are the 4 types of social responsibility?

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

  • Environmental Responsibility. …
  • Ethical Responsibility. …
  • Philanthropic Responsibility. …
  • Economic Responsibility.
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What is an ethical responsibility?

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 is social and ethical responsibility?

Social responsibility is an ethical theory in which individuals are accountable for fulfilling their civic duty, and the actions of an individual must benefit the whole of society.

What is meant by economic responsibility?

Economic responsibility is an interconnected field that focuses to strike a balance between business, environmental, and philanthropic practices. … In this context, companies try to find out a solution that can facilitate their business growth and generate profits by benefitting the community and our society.

What is direct philanthropic giving?

Charitable giving is a direct donation from the corporation to the charity. There are no strings attached and the charity can be any nonprofit cause. Philanthropy involves a cause that is attempting to solve a problem.

What is difference between philanthropy and CSR?

What is the difference between corporate philanthropy and corporate social responsibility? While they may seem similar, corporate social responsibility describes the overall attitude of an organization toward society at large, while corporate philanthropy is a narrower form of corporate social responsibility.

What is the importance of charities?

Charities bring together people who care about a cause so that they can make a difference. Whatever it is that you care about, there will be a charity working on it. Charities help in lots of different ways, but the main ways are by providing direct help, giving information, or raising awareness of an issue.

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