CSR Evolution

By StavroulaMavrommatidou

  • Adam Smith

    “The Theory of Moral Sentiments”
  • Period: to

    abc

  • Industrial Revolution

    Business philanthropy (e.g.construction of hospitals and bath houses, provision of food coupons and recreational facilities)

  • Industrial Welfare Commission

    Better working conditions concerning wages, hours and safety

  • Howard Bowen

    “Social Responsibilities of the Businessman”

  • Milton Friedman

    ‘Narrow Approach’: Company’s responsibility is simply to make profit

  • Committee for Economic Development (CED)

    Businesses' basic purpose is to serve constructively societal needs

  • Archie Carroll

    Four-part definition of CSR (financial, legal, ethical and philanthropic responsibilities)- CSR Pyramid

  • Edward Freeman

    Stakeholder theory

  • Social Businesses

    CSR initiatives included education, culture, health services, civic and community, and NGO partners

  • Elkington

    The Triple Bottom Line

  • Porter and Cramer

    Strategic Corporate Philanthropy

  • Strategic CSR

    Aligning the company’s CSR to its overall strategy

  • Porter and Cramer

    Creating Shared Value (CSV)