A Review of the principles of Corporate Social Responsibility
Keywords:
Corporate, Social ResponsibilityAbstract
There has been a lot of discussion about corporate social responsibility (CSR) going back to the 1950s. Both the concept and the practise of corporate social responsibility (CSR) have evolved throughout time. There has been a transition in the traditional definition of corporate social responsibility (CSR) from charity to a more inclusive focus on business-society ties, which emphasises how a company may help solve societal issues. Performing well in social settings was closely linked to doing well in the marketplace in the early twentieth century. This concept was pioneered by Oliver Sheldon, who pushed management to take the lead in establishing ethical standards and promoting justice in society via an ethic of economising, or saving money by more efficiently mobilising and using the company's resources. As a result, businesses contribute to a more prosperous society and higher living standards for everybody.
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