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Corporate Social Responsibility (CSR)
Finance & Accounting
Pages 8 (2008 words)
Corporate Social Responsibility Introduction The key policies and issues of Corporate Social Responsibility (CSR) are to treat all employees with equality and fairness, operate ethically within the systems and also with integrity. The concept teaches the managers to respect the basic human rights, sustain in the environment for future generations (Aras, Aybars and Kutlu, 2010)…
There are various potential conflicts in the method of preparing documents and construction of strong approach and business activities. Corporate Responsibility is just a relative approach and has an objective basis, which is also known as unsustainable development methodology (Aras, Aybars and Kutlu, 2010). It is also considered as a radical managerial approach. The various other CSR theories help in development of continuums with the focus on integration of business activities with community activities. Organizations have developed several measures for dealing with the strategic societal, environmental and community needs which have led to the incurring of huge amount of expenditure in the organizations. Small and medium enterprises do not have the necessary resources for developing or implementing the CSR tools and approaches (Burger, 2011). When a company wants to improve its social performance, it divulges itself through social activities like providing charitable donations, organizing charitable associations and sponsoring activities. The study will deal with the concepts of CSR and its role in financial crisis along with its future prospects. The author of the study will also highlight the relevance of CSR and the guidelines for implementing CSR techniques developed by leading associations. ...
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