BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Corporate Social Responsibility
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Corporate Strategy
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Corporate Planning
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Detailed explanation-1: -Corporate social responsibility (CSR) is a type of international private business self-regulation that aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethically-oriented practices.
Detailed explanation-2: -Corporate Social Responsibility is a self-regulating business model that helps a company be socially accountable to itself, its stakeholders and the general public. Rather than simply preventing bad behaviours, a CSR approach upholds practices and policies that have a direct positive influence on society.
Detailed explanation-3: -Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship, social performance, or sustainable responsible business/responsible business) is a form of corporate self-regulation integrated into a business model.
Detailed explanation-4: -CSR is generally categorized in four ways: environmental responsibility, ethical/human rights responsibility, philanthropic responsibility and economic responsibility.
Detailed explanation-5: -By practicing corporate social responsibility, also called corporate citizenship, companies can be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental.