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A Three-Dimensional Conceptual Model of Corporate Performance

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Abstract

Offered here is a conceptual model that comprehensively describes essential aspects of corporate social performance (CSP). The three dimensional model address major questions of concern: (1) What is included in the definition of CSR? (2) What are the social/stakeholder issues the firm must address? and (3) What is the organization's strategy/mode/philosophy of social responsiveness. The first dimension is the source of the original four-part definition of CSR originated: economic, legal, ethical, and discretionary (later termed philanthropic). It was later presented at the CSR Pyramid (1991).
... Corporate social performance in its simplest form is corporations" broader responsibility towards society. Researchers and practitioners strongly believe that corporations should not be judged just on their economic success (Carroll, 1979, Jamali et al., 2008, Shahin and Zairi, 2007 as they are " no longer expected to be mere contributors to the global economy, but rather to reconcile and skill-fully balance multiple bottom lines and manage the interests of multiple stakeholders. Drucker (2001) is of the opinion that companies should work on eliminating or at least minimize their impacts on environment, while maintaining the underlying activity itself. ...
... Studies show the influence of the theory of organizational resources, stakeholder theory, management theory or organizational theory by authors such as Windsor (2006), McWilliams et al. (2002) or Carroll (1986) on the development of the doctrine of social responsibility, expressed in its different definitions. The issue of complementing the definition of sustainable development is explained by the term generational goal, which Höjer and Wangel (2015) understand as the general or main goal of the environmental security policy. ...
... It is reasonable that corporate responsibility has many different definitions and is thought to take many different forms. Corporate social responsibility is a concept that assumes that businesses have obligations that require them to take acts beyond their immediate financial interests and the legally mandated regulations, according to the literature on the subject (Carroll, 1979;McWilliams et al., 2006;Windsor, 2006). In addition to this general idea, there are several interpretations. ...
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