Discuss briefly what do you understand by corporate social-02237
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vu mth202 Discrete Mathematics.
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vu mth202 Mid Term Solved Past Paper No. 1.
Corporate social responsibility (CSR) is an expression used to describe what some see as a company's obligation to be sensitive to the needs of not only all of the stakeholders in its business operations but more importantly the community at large. It has been defined as: "The continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as the local community and society as large."
Businesses are now seen as partners of the communities in which they may be located rather than simply as a profit making set up serving the needs of their stake holders. Corporate social responsibility incorporates the principle of sustainable development along with "triple bottom line reporting" reflecting not only financial results but also social and environmental impact of the business.
