Discuss the difference between ethical, altruistic, and strategic types of CSR.
Ethical CSR pursues a clearly defined sense of social conscience in managing a company's financial responsibilities to shareholders, its legal responsibilities to its local community and society as a whole, and its ethical responsibilities to do the right thing for all of its stakeholders.
Altruistic CSR takes a philanthropic approach underwriting specific initiatives to give back to the company's local community or to designated national or international programs.
Strategic CSR include philanthropic activities targeted toward programs that generate the most positive publicity or goodwill for the organization.
Source: Ghillyer_Business Ethics A Real World Approach 2e
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