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Adam Smith
“The Theory of Moral Sentiments” -
Period: to
abc
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Industrial Revolution
Business philanthropy (e.g.construction of hospitals and bath houses, provision of food coupons and recreational facilities) -
Industrial Welfare Commission
Better working conditions concerning wages, hours and safety -
Howard Bowen
“Social Responsibilities of the Businessman” -
Milton Friedman
‘Narrow Approach’: Company’s responsibility is simply to make profit -
Committee for Economic Development (CED)
Businesses' basic purpose is to serve constructively societal needs -
Archie Carroll
Four-part definition of CSR (financial, legal, ethical and philanthropic responsibilities)- CSR Pyramid -
Edward Freeman
Stakeholder theory -
Social Businesses
CSR initiatives included education, culture, health services, civic and community, and NGO partners -
Elkington
The Triple Bottom Line -
Porter and Cramer
Strategic Corporate Philanthropy -
Strategic CSR
Aligning the company’s CSR to its overall strategy -
Porter and Cramer
Creating Shared Value (CSV)