How has corporate social responsibility evolved sincethe turn of the 21st century?

Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter2: Ethics And Social Responsibility In Business
Section2.8C: Business Response To Environmental Concerns
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How has corporate social responsibility evolved since
the turn of the 21st century?

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Corporate Social Responsibility often called CSR is nothing but the self-regulating corporate business model that helps an organization be social to its stakeholders, the audience or public, and to itself. By practicing CSR, organizations can be conscious of the type of influence they are having on all the factors of society including environmental, social, and economic.

The private sector or the private organization nowadays are establishing a corporate charitable foundation, supporting minorities, and following responsible sales and marketing and production practices. The CSR helps the government at the time of any natural disaster or natural calamities. They provide foodstuff, medicines, safe drinking water, and other important things require to support the people affected by such a high-level disaster. 

 

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