Distinguish between the following. Traditional social responsibility and corporate social responsibility.

Distinguish between the following.

Traditional social responsibility and corporate social responsibility.

Answer: 


Basis of Difference
Traditional Social Responsibility
Corporate Social Responsibility
Meaning
Traditionally, traders and emperors used to help the poor and underprivileged with the profits they made.
In modern times, business units commit to behave ethically and work towards the welfare of society.
Scope
Operates at an individual or micro level
Operates at the macro level, i.e., whole economy
Concept
It has the philanthropic concept.
It includes philanthropic, ethical, legal and economic concepts.
Evolution
It evolved in ancient India and the pre-Christian era.
It evolved after the World War II.
Type
It includes tangible goals; so, it is narrowly defined.
It includes both tangible and intangible goals; so, it is broadly defined.