Description
Pick any one of the following terms for your research: code of ethics, conscious capitalism, corporate social responsibility (CSR), culture, ethical dilemma, external adaptation, mission culture, social capital, values-based leadership, or whistle-blowing.
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Corporate Social Responsibility
Author
Institution
Course
February 13, 2020
Definition
Corporate social responsibility refers to the commitment of the enterprise to behave
ethically for economic development and improving the life of employees and the society. CRS is
implemented differently as per the need of the business. Generally, CSR is geared towards the
sustainability of an organization. Corporate social responsibility improves the firm's reputation,
builds the brand, and motivates the business owner (Okpara & Idowu, 2013). Building a good
reputation makes the firm socially conscious. A socially responsible organization should avoid
participating in charitable works that are not related to its core values. Generally, CSR entails
responsibilities of a firm to the local community rather that its core values of profit
maximization.
In the controversial world, employees and customers prioritize working for and spending
their money with a business that values corporate social res...