Corporate Social Responsibility of SM
Corporate Social Responsibility
Corporate social responsibility is defined in several ways. Some of which are the following:
A concept of business ethics based on the idea that companies have stakeholders who are broadly defined as anyone or group affected by the activities of the company. The idea of CSR is that a company should be accountable to its stakeholders. For this reason the subjects of CSR focus on how companies should identify and “engage” stakeholders and how they should determine, measure and report the impact of their activities on others. (The terms social auditing and social reporting emerged in this context.) www.ethicaltrade.org/Z/ethtrd/gloss/index.shtml Highlights the voluntary role of business in contributing to a better society and a cleaner environment beyond its financial and capital commitments. www.smallbusinesseurope.org/Glossary/ Is concerned with treating the stakeholders of the firm ethically or in a socially responsible manner. Stakeholders exist both within a firm and outside. Consequently, behaving socially responsibly will increase the human development of stakeholders both within and outside the corporation. Source: Michael Hopkins: A Planetary Bargain: Corporate Social Responsibility Comes of Age (Macmillan, UK, 1998) www.mhcinternational.com/glossary.htm Is the awareness, acceptance and management of the implications and effects of all corporate decision making. wps.prenhall.com/wps/media/objects/213/218150/glossary.html The need for organizations to consider the good of the wider communities, local and global, within which they exist in terms of the economic, legal, ethical and philanthropic impact of their way of conducting business and the activities they undertake. ‘The CSR firm should strive to make a profit, obey the law, be ethical, and be a good corporate citizen' (Carroll, 1991 see Chapter 1 references). wps.pearsoned.co.uk/wps/media/objects/1452/1487687/glossary/glossary.html Corporate social responsibility
Corporate social responsibility is defined in several ways. Some of which are the following:
A concept of business ethics based on the idea that companies have stakeholders who are broadly defined as anyone or group affected by the activities of the company. The idea of CSR is that a company should be accountable to its stakeholders. For this reason the subjects of CSR focus on how companies should identify and “engage” stakeholders and how they should determine, measure and report the impact of their activities on others. (The terms social auditing and social reporting emerged in this context.) www.ethicaltrade.org/Z/ethtrd/gloss/index.shtml Highlights the voluntary role of business in contributing to a better society and a cleaner environment beyond its financial and capital commitments. www.smallbusinesseurope.org/Glossary/ Is concerned with treating the stakeholders of the firm ethically or in a socially responsible manner. Stakeholders exist both within a firm and outside. Consequently, behaving socially responsibly will increase the human development of stakeholders both within and outside the corporation. Source: Michael Hopkins: A Planetary Bargain: Corporate Social Responsibility Comes of Age (Macmillan, UK, 1998) www.mhcinternational.com/glossary.htm Is the awareness, acceptance and management of the implications and effects of all corporate decision making. wps.prenhall.com/wps/media/objects/213/218150/glossary.html The need for organizations to consider the good of the wider communities, local and global, within which they exist in terms of the economic, legal, ethical and philanthropic impact of their way of conducting business and the activities they undertake. ‘The CSR firm should strive to make a profit, obey the law, be ethical, and be a good corporate citizen' (Carroll, 1991 see Chapter 1 references). wps.pearsoned.co.uk/wps/media/objects/1452/1487687/glossary/glossary.html Corporate social responsibility