1. Corporate social responsibility
... a more classical and economical approach to business by maximizing profits, while minimizing costs. Whatever the case may be, CSR is an important business operation that is being shown throughout companies all over the globe. In their book, "Business and Society", Carroll and Buchholtz give this definition of CSR that is broken down into four components, "The social responsibility of business ... point in time."(Carroll p.36) The economic and legal types of responsibility are required of businesses by society. These areas include being profitable while obeying all laws and regulations in...
- Word Count: 1594
- Approx Pages: 6
- Grade Level: Undergraduate