Corporate Social Responsibility - Research Article from Encyclopedia of Management

This encyclopedia article consists of approximately 11 pages of information about Corporate Social Responsibility.

Corporate Social Responsibility - Research Article from Encyclopedia of Management

This encyclopedia article consists of approximately 11 pages of information about Corporate Social Responsibility.
This section contains 3,184 words
(approx. 11 pages at 300 words per page)
Buy the Corporate Social Responsibility Encyclopedia Article

Corporate social responsibility (CSR) can be defined as the "economic, legal, ethical, and discretionary expectations that society has of organizations at a given point in time" (Carroll and Buchholtz 2003, p. 36). The concept of corporate social responsibility means that organizations have moral, ethical, and philanthropic responsibilities in addition to their responsibilities to earn a fair return for investors and comply with the law. A traditional view of the corporation suggests that its primary, if not sole, responsibility is to its owners, or stockholders. However, CSR requires organizations to adopt a broader view of its responsibilities that includes not only stockholders, but many other constituencies as well, including employees, suppliers, customers, the local community, local, state, and federal governments, environmental groups, and other special interest groups. Collectively, the various groups affected by the actions of an organization are called "stakeholders." The stakeholder concept is discussed more...

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This section contains 3,184 words
(approx. 11 pages at 300 words per page)
Buy the Corporate Social Responsibility Encyclopedia Article
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Corporate Social Responsibility from Gale. ©2005-2006 Thomson Gale, a part of the Thomson Corporation. All rights reserved.