Corporate Social Responsibility ( Csr ) - 1167 Words

Corporate Social Responsibility Introduction Corporate social responsibility (CSR) is a concept which is also known as corporate citizenship, corporate conscience or in a simple way a responsible business. It is an integrated concept of self-regulatory business model for any organisation. Corporate Social Responsibility has been in practice for more than fifty years now, which has been adopted not only by domestic companies but also by transnational company with voluntary CSR initiatives (Chernev and Blair, 2015). It includes Corporate Social Responsibility for code of conduct, organisational health and environment, companies reporting on social, financial and environmental aspects, partnership with agencies, NGO’s and UN†¦show more content†¦(Blowfield and Murray, 2011) According World Business Council foe sustainable development in its publication making good business use CSR as: â€Å"Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of workforce and their families and the society at large.† It is evident that the activities of every business are concern for all its stakeholders and for the business itself and this initiates continuing business activities to inculcate the code of ethics and social responsibility in its organization. Social responsibility for the corporate become an integral part of their various operations be it in human resource, in management or in wealth creation process which increases the competitiveness in the market of the business and enhances wealth creation value for the society as whole. But there is nothing same for the different organization that are different approaches, different values and priorities of the business. The business goal is to encourage the positive approach of