Question
Discuss the Carroll's CSR Pyramid Theory and the Stakeholders Theory of CSR.
Answer :
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Skip in 10
Carroll's CSR Pyramid Theory provides a structured framework to understand corporate social responsibility by categorizing it into four levels of obligations. At the base of the pyramid are economic responsibilities, which emphasize that a company must be profitable to survive and provide value to its shareholders. Above this are legal responsibilities, requiring companies to comply with laws and regulations set by governments and authorities. The next layer is ethical responsibilities, where businesses are expected to act in a morally right manner, going beyond mere legal compliance. At the top of the pyramid are
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