CORPORATE SOCIAL RESPOSIBILITY

CORPORATE SOCIAL
RESPOSIBILITY
NAME OF THE STUDENT:
NAME OF THE UNIVERSITY:
AUTHOR’S NOTE:

Introduction
 What is CSR
 Corporate Social Responsibility, a self-regulating business
framework, helps a business organisation to become socially
responsible to the company itself, its stakeholders, and to the
people (Tai and Chuang 2014).
 Importance of CSR
 CSR helps a company to take initiatives for the society,
atmosphere, consumers, and its stakeholders
 Why businesses should practice CSR
 To enhance the brand reputation and public image of the
company, CSR is beneficial for the company (Sheehy 2015).

What is CSR
 CSR is the evolving business practice which integrates
sustainable development in the business operation of a company.
 It can be said that CSR, a management concept, through which
business organisation integrate its social and environmental
concern in its business operation (Tai and Chuang 2014).
 To maintain the balance between its economic, environmental,
social activities with the demand of its stakeholders and
shareholders, the management team of a company follows CSR.

Carrols pyramids definition
 Carrol's pyramids of Corporate Social
Responsibility was developed by Archie
Carroll.
 The rationale for which a business
organization should fulfil its CSR is
analysed by this framework.
 This framework identifies mainly four
responsibilities of a business organization
which are economic, legal, ethical, and
Philanthropic. However, these four
responsibilities are complementary to each
other (Carroll 2016).