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What is the concept of corporate social responsibility? The concept is not charity

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Question added by Deleted user
Date Posted: 2014/03/16
Adnan Ameen Bakather
by Adnan Ameen Bakather , Founder & Managing Director , Consult & Perform

Corporate Social Responsibility (CSR) was defined by prominent scholars based on four dimensions. These are in order as follow: economic responsibility, legal responsibility, ethical and philanthropic responsibility. Thus, management should concern and maximize the performance of the company within the constraints of law and ethics. In addition, company is suggested to give back to society (philanthropic activities). Accordingly, no one can talk about responsible company if it does not add value to its owners, national economy or does not respect the law and ethics regardless of its philanthropic activities.

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