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Essay on “Corporate Social Responsibility and Ethics” Type of paper: Essays Subject: Business Words: Social responsibility is an idea that has been of concern to mankind for many years.
A key point of CSR is that it recognises the responsibility that companies have to take into account of those impacts. CSR is a framework for thinking about business ethics, making ethical decisions and working within the law, it says a company responsibilities reach further than just making a profit.
Social responsibility is defined as a business firm's obligation, beyond that required by the law and economics, to pursue long time goals that are good for society. Over the decades, there have been numerous controversial reports of social and ethical issues business organizations faced. Corporate Social Responsibility (CSR) is a self-regulatory mechanism incorporated by corporations in their business model. The term CSR is also used for activities carried out by companies around the globe to give back to the society.
- Corporate Social Responsibility Corporate Social Responsibility (CSR) is an idea that has expanded over time so its meaning and definition is somewhat vague. Votaw (), as quoted by Carroll (), summarizes the difficulties of giving a deﬁnition of CSR when he notes that: The term [social responsibility] is a brilliant one; it means something, but not always the same thing, to everybody. Corporate Social Responsibility (CSR) is a concept whereby organizations consider the interests of society by taking responsibility for the impact of their activities on customers, employees, shareholders, communities and the environment in all aspects of their operations.