Essay On Corporate Social Responsibility

574 Words2 Pages

Many companies and organizations nowadays share a similar opinion that believes in the attainment of shareholder value and sustainable business success via responsible and market-oriented behavior rather than the old fashioned approach of mere maximization of short-term profits. These organizations have become gradually more and more aware that sustainable development can be achieved through economic growth that goes side by side with the promotion of social responsibilities that include customer interest and the insurance of environment protection. (Mahajan, 2011) In order to fulfill this approach and become an organization that is driven by socially responsible awareness, many companies have chosen to stick to a Corporate Social Responsibility (CSR) policy. According to Baker (2004), “CSR is about how companies manage the business processes to produce and overall positive impact on society.” While this definition is quite condensed and to the point, there are various broader and more specific definitions to CSR. Holme and Watts (2000), define CSR as a commitment of a business place...

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