Corporate Social Responsibilty

Corporate Social Responsibility

Abstract

Corporate Social Responsibility is a form of corporate self-regulation integrated into a business model. It can be defined as the process aim to embrace responsibility for the firm’s actions, for which the entrepreneur hopes to encourage a positive impact on all business activities. The conception came out in 1950s and 1960s, and it is widely researched in follow 50 years. The CSR theories have widely realistic meaning for today’s business activities, however, we can’t neglect its inherent defect and limitations in different occasions. For this essay, we need to analysis CSR theories’ development,characteristics,and the examples in practice, and make the conclusion at the end.

Keywords: corporate social responsibility, social performance, shareholder value, stakeholder,positive impact

Definition

The idea of CSR first arose in 1953 when it was first become an academic topic in H.R. Bowen’s “Social Responsibilities of the Business”.

Corporate Social Responsibility’ (CSR) refers to a form of corporate self-regulation integrated into a business model, which usually involves active compliance with the law, ethical standards, and international norms. This theory aims to achieve positive impacts on the environment, consumers, employees, and the communities.

At its best, CSR is defined as the responsibility of a company for the totality of its impact, with the need to embed society’s value into its core operation as well as into its treatment of its social and physical environment. Responsibility is accepted as encompassing a spectrum – from the running from a profitable business to health and safety of staff and the impact on the societies in which companies operated

Ethical Performance 2003

Global Corporate Social Responsibility can be defined as business practices based on ethical values and respect for works, communities and the environment.

Global Corporate Social Responsibility Policies Projects, 2003...