what are the meaning of corporate social responsibility?
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Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders.
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Social responsibility means that individuals and companies have a duty to act in the best interests of their environment and society as a whole. ... The crux of this theory is to enact policies that promote an ethical balance between the dual mandates of striving for profitability and benefiting society as a whole.
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The Corporate Social Responsibility (CSR) is the subject of permanent theoretical debates and the constant object of a company's business practices but also of some controversy. This makes it necessary to bring some valid arguments to support the growing role of CSR in the company' s efforts to achieve its objectives.
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Body Corporate Social Responsibility commonly abbreviated as CSR refers to a business practice or initiative to assess, evaluate as well as take responsibility for the corporation's effects on environmental and social well-being.
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The concepts of corporate social responsibility (CSR) and corporate citizenship are often used interchangeably. However, corporate social responsibility is a concept of corporate citizenship that can take different forms depending on the company and sector.
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Social responsibility in business, also known as corporate social responsibility (CSR), pertains to people and organizations behaving and conducting business ethically and with sensitivity towards social, cultural, economic, and environmental issues.
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Corporate Social Responsibility (CSR) is typically described as self-regulation that is part of a corporation's business model and strategic plan. In a perfect world, CSR means that a business monitors itself to make sure it adheres to legal, ethical, environmental, and international standards across its operations.
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Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public.
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Corporate Social Responsibility, or CSR, is a system of self-regulation for a business to become and remain socially accountable to its customers, employees, peers, and community. ... Beyond the community benefits from social responsibility, the business hopes to improve its brand image and thus profitability.
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Corporate social responsibility (CSR) is a broad business concept. It usually describes a company's commitment to carry out their business in an ethical way. This means managing their business processes while taking account of their social, economic and environmental impact, and considering human rights.
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They define corporate social responsibility as "continuing commitment by business to contribute to economic development while improving the quality of life of the workforce and their families as well as of the community and society at large (World Business Council, 1998)."
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Corporate Social Responsibility (CSR) is an organization's obligation to consider the interests of their customers, employees, shareholders, communities, and the ecology and to consider the social and environmental consequences of their business activities.
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The main difference between social responsibility and corporate social responsibility is that corporate social responsibility concerns obligation of business companies to ensure their business benefit the society as well as the environment while social responsibility is the general way of a person(s) being responsible ...
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Corporate social responsibility (CSR) refers to the efforts made by a company to improve society and contribute towards sustainable development. ... However, sustainability can also apply to many other aspects of a business including procurement, economic, hiring and training for example.
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Corporate Social Responsibility, or CSR, usually refers to a company's commitment to practice environmental and social sustainability and to be good stewards of the environment and the social landscapes in which they operate. ... However, most companies now embrace some notion of CSR.
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Also known as corporate conscience or corporate citizenship, CSR describes initiatives run by a business to evaluate and take responsibility for their impact on a number of issues ranging from human rights to the environment.
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Corporate social responsibility (CSR) is a company's commitment to manage the social, environmental and economic effects of its operations responsibly and in line with public expectations. ... CSR activities may include: Company policies that insist on working with partners who follow ethical business practices.