Which of the following are the steps of the pyramid of social responsibility?

The pyramid of social responsibility is a model that outlines the different levels of responsibility that organizations hold within society, moving from the most basic to the more advanced levels. The correct sequence—economic, legal, ethical, philanthropic—reflects the hierarchy in which these responsibilities typically arise.

At the base of the pyramid is the economic responsibility, which emphasizes the fundamental need for businesses to be profitable and sustainable. This forms the foundation of all other responsibilities. Above this is the legal responsibility, indicating that businesses must operate within the laws and regulations set forth by governments and societal norms.

The next level is the ethical responsibility, which goes beyond legal obligations to encompass the expectations and standards of behavior that society considers to be right. Ethical responsibilities include considerations like fairness, justice, and integrity in business practices.

At the highest level is philanthropic responsibility, which pertains to the voluntary actions taken by organizations to contribute to the welfare of society. This includes charitable donations, community engagement, and initiatives aimed at improving social conditions.

Understanding this hierarchy helps clarify how businesses can approach their role in society, ensuring that they meet economic and legal obligations before addressing ethical considerations, and ultimately, philanthropic endeavors.