Understanding Corporate Social Responsibility (CSR) and the CSR Pyramid

Corporate Social Responsibility (CSR) is increasingly important in business, emphasizing that companies should not only focus on profit but also on social and environmental responsibilities. Archie Carroll's CSR pyramid outlines four layers: economic, legal, ethical, and philanthropic responsibilities. Businesses must first ensure profitability, adhere to laws, and act ethically before engaging in philanthropy. CSR is becoming essential for attracting customers and employees, but critics argue it can distract from economic goals. Evaluating CSR's necessity and effectiveness is crucial in today's business climate.

How did Iceland demonstrate its commitment to corporate social responsibility in 2018?

What is the main argument presented by Archie Carroll regarding the CSR pyramid?

What are the different layers of the CSR pyramid as described in the text?

In what ways can businesses benefit from engaging with their philanthropic responsibilities?

Why do some critics believe that the focus on corporate social responsibility has gone too far?