1. Corporate social responsibility
... 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 encompasses the economic, legal, ethical, and discretionary ... . They seek helping their community by making social goals a part of a firm's overall business decision. Keith Davis and Robert Blomstrom give their definition of CSR in the Carr...
- Word Count: 1594
- Approx Pages: 6
- Grade Level: Undergraduate