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Corporate social Responsibility

Corporate social Responsibility

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Published by riteshlal

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Published by: riteshlal on Feb 12, 2010
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07/22/2013

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Corporate Social Responsibility
Prof. Ritesh Lal
 
 
Social Responsibility- Some Definitions…
Corporate Social Responsibility
(CSR), also known as
Corporate Responsibility
,
Corporate citizenship
,R
esponsible Business
,
Sustainable Responsible Business(SRB)
, or
corporate social performance
, is a form of corporate self-regulation integrated into a business model.
 “….operating in a manner that meets or exceeds the ethical,legal, commercial and public expectations that society has of business….”Business for social responsibility.
Essentially, CSR is the deliberate inclusion of public interest intocorporate decision-making, and the honoring of a triple bottomline:
People, Planet,and Profit.
 
 
Carroll’s Four Part Definition
CSR encompasses the
Economic
,
Legal
,
 Ethical
and
Discretionary
(Philanthropic)expectations that society has of organizations at a given point of time

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