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Define CSR. - Organisation of Commerce and Management

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Question

Define CSR.

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Solution

Corporate Social Responsibility (CSR) is a self-regulating business model, that aims to contribute to societal goals or support volunteering or ethically-oriented practices. It makes a company socially responsible and accountable. This accountability is towards itself, its stakeholders, the public in general, etc. By practicing social responsibility, companies can be conscious of the economic, social, and environmental aspects of society.

shaalaa.com
Corporate Social Responsibility
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2024-2025 (March) Model set 1 by shaalaa.com
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