We do understand that CSR is when a business takes responsibility and initiative to assess its effects to environmental and social well-being. Although there are different models that a business may follow when they do implement their CSR initiative. I would like to emphasize three of the business models that I think are most interesting, the economic, social web and philanthropic. To me, in the case of economic model, it is very narrow because a business is considered to exist just to earn profits. The fact that a business exists, it is part of the economy and society and thus it has responsibilities to fulfil. If it does not participate in fulfilling its responsibilities, such as if a business pollutes the earth, then it will be only giving negative effects which we do not want to happen. We want to prevent this. The social web model now is more considerate because this time we consider the society, since the business is part of the society we live in, it does have responsibilities to the social well-being and I think that's important because a business must not cause harm to the society. A business that harms the society must be stopped or improved so that no one will be affected negatively. Lastly, I believe that the philanthropic model is the best among it all, because it can cover both economic and social web models and at the same time the goodness of the CSR activity depends on the intentions of the business, whether they do really want to do good for the world or they just want it for their reputation. I salute business who do the CSR activities truly with a sole purpose of contributing to the development of the world.
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