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Corporate Social Responsibility
Pages 9 (2259 words)
Corporate social responsibility (CSR) refers to the concept through which the organisations contribute for the betterment of the society and the environment. It is essentially a voluntary procedure and not necessarily every organisation takes measurable steps in this prospect. …
The contribution of the organisations towards corporate social responsibilities includes certain monetary assistance to the society which would facilitate various social developments. Furthermore, the concept of corporate social responsibility can be related to the activities of an organisation which would facilitate in conserving the natural flora and fauna and as well as the socio economic culture (Reset, n.d.).
There is no perfect definition for corporate social responsibilities, in simple terms; it can be referred to consideration of the ethical values while performing the business activities by the organisations. Corporate social responsibility also includes transparent or clear business activities e.g. the organisations should consider the legal requirements in their operations. Earlier, it was considered that the chief objective of a business organisation is to make profit, although, the scenario has changed a lot during the past decades and the organisations in the present day context are also expected to provide equal importance to the corporate social responsibility as well. During the recent years, it has been noticed that the organisations are increasingly being pressurised by the various stakeholders involved in the business to take measurable steps towards the corporate social responsibilities (Baird & et. al., 2002).
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