Tag Archives: Corporate Social Responsibility: Definition

Corporate Social Responsibility: Definition, Importance, Benefits, Disadvantages

What it is: Corporate social responsibility (CSR) refers to a concept in which companies balance three aspects: profit, people and the environment. They pursue high profits and operate ethically in a socially and environmentally responsible manner. It requires them to be not only economically efficient but also fair in their dealings with their stakeholders. Philanthropic activities are examples of corporate… Read More »