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The term "corporate social responsibility" came into common use in the late1960s and early1970s after many multinational corporations formed the term stakeholders, meaning those on whom an organization's activities have an impact. It was used to describe corporate owners beyond stakeholders Proponents argue that corporations make more long term profits by operating with a perspective, while critics argue that CSR distracts from the economic role of businesses.
Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship, social performance, or sustainable responsible business/ Responsible Business) is a form of corporate self regulations integrated into a Business model
CSR policy functions as a built-in, self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms
In some models, a firm's implementation of CSR goes beyond compliance and engages in "actions that appear to further some social good, beyond the interests of the firm and that which is required by law." CSR is a process with the aim to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the Public spheres who may also be considered as stakeholders.
Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship, social performance, or sustainable responsible business/ Responsible Business) is a form of corporate self regulations integrated into a Business model
CSR policy functions as a built-in, self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms
In some models, a firm's implementation of CSR goes beyond compliance and engages in "actions that appear to further some social good, beyond the interests of the firm and that which is required by law."
It depends on the public concern. If there is a high public concern about such issue. Definitely, the corporation will be so worried about it.
However, I believe that each company, regardless of its size and place is so worried about the CSR, especially if we consider the definition of the four perspectives of it where corporation/ management should be profitable and compliant with regulations and ethics. CSR is not a matter of philanthropy or giving certain dollars to the society is first about the main function of the business is to make profit to sustain...
