Which approach is the highest level of CSR acceptance?

Question

Quizplus · Accepted Answer

The social paradigm approach is the highest level of CSR acceptance, where the company not only seeks to maximize profits but also takes responsibility for its impact on society and the environment. This approach recognizes the importance of stakeholders, including employees, customers, communities, and the environment, and aims to create value for them while also generating profits for the company. The investment paradigm and shareholder model prioritize profits over social and environmental responsibility, while the economic paradigm assumes that companies should only focus on maximizing profits and let the market decide on social and environmental issues. The unknown response paradigm is not a recognized approach to CSR.

Which Approach Is the Highest Level of CSR Acceptance