Basis Difference – Corporate social Responsibility Traditional social Responsibility
Class 12th std- study note of Organization of Commerce and Management, difference between Corporate Social Responsibility and Traditional Social Responsibility, Study material, commerce notes,
Sr. No | Difference | Corporate Social Responsibility | Traditional Social Responsibility |
1. | Meaning | It refers to commitment business to contribute economic development. | It refers to help poor people through profit made by business. |
2. | Evolution | It is evolved after World War II. | It is evolved in ancient India and Pre-Christian Era. |
3. | scope | It considers economy as a whole. | It is restricted at individual level. |
4. | Concept | It refers to ethical, legal and economic concept also. | It has Philanthropic concept. |
5. | type | It is global and wider approach. It has considered tangible as well as intangible goals. | It is primitive a narrow approach. It has not considered intangible goals. |