what is corporate social responsibility in simple words?
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Corporate social responsibility (CSR) is a company's commitment to manage the social, environmental and economic effects of its operations responsibly and in line with public expectations. ... CSR activities may include: Company policies that insist on working with partners who follow ethical business practices.
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Social responsibility means that individuals and companies have a duty to act in the best interests of their environment and society as a whole. Social responsibility, as it applies to business, is known as corporate social responsibility (CSR). ... In 2018, Forbes named the top socially responsible companies in the world.
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Social responsibility means that businesses, in addition to maximizing shareholder value, should act in a manner that benefits society. ... Socially responsible companies should adopt policies that promote the well-being of society and the environment while lessening negative impacts on them.
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Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders.
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Corporate Social Responsibility (CSR) is a management strategy in which companies voluntarily take into account the social and environmental aspects and consequences of their activity. The basic idea of CSR is ethical and responsible conduct towards all stakeholders while respecting the environment at the same time.
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Corporate Social Responsibility, or CSR, is a system of self-regulation for a business to become and remain socially accountable to its customers, employees, peers, and community. ... Beyond the community benefits from social responsibility, the business hopes to improve its brand image and thus profitability.
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Social responsibility means that individuals and companies have a duty to act in the best interests of their environment and society as a whole. ... The crux of this theory is to enact policies that promote an ethical balance between the dual mandates of striving for profitability and benefiting society as a whole.
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Social responsibility is the duty and obligation of a business to other stakeholders. Social responsibility for one group can conflict with other groups, especially between shareholders and stakeholders. Ethics. Ethics refers to the moral rights and wrongs of any decision a business makes.
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Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public.
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Corporate social responsibility (CSR) allows organizations to do their bit for the society, environment and customers. ... The article discusses some of the social responsibilities of an organization towards its customers.
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Corporate Social Responsibility (CSR) is an organization's obligation to consider the interests of their customers, employees, shareholders, communities, and the ecology and to consider the social and environmental consequences of their business activities.
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It is a concept whereby companies voluntarily integrate social and environmental concerns in their business operations and in their interactions with their stakeholders. Corporate social responsibility has evolved into a way of corporate life and has become a part of any corporate performance review.
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Introduction: Corporate social responsibility is a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with the stakeholders on a voluntary basis.
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Corporate Social Responsibility(CSR) 1. DEFINITION OF CSR “Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workplace and their families as well as of the local community and society at large”.
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Corporate social responsibility is a business's concern for the welfare of society. ... This concern is displayed by managers who take into consideration the long-term interests of the company and the company's relationship with the society it which it operates.
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A CSR report (or corporate social responsibility report) is a periodical (usually annual) report published by companies to report their corporate social responsibility actions and results.
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Corporate social responsibility (CSR) is a broad concept of corporate citizenship that can take various forms depending on the company and industry. Through CSR programs, philanthropy, and volunteer efforts, businesses can benefit society while boosting their own brands.