Snider, Hill And Martin. (2003) Stated That“ Csr May Be

Corporate social responsibility (CSR) is a broad term used to describe a company's efforts to improve society in some way. These efforts can range from donating money to non-profits to implementing environmentally-friendly policies in the workplace. CSR is important for companies, non-profits, and employees alike.

Businesses, specifically larger corporations, play a major role in what occurs in society therefore, they are responsible to their stakeholders not only to pursue economic goals but the greater social good as well. Corporate social responsibility (CSR) means that a corporation should act in a way that enhances society and its inhabitants and be held accountable for any of its actions that affect people, their communities, and their environment. (Lawrence, 2010). Social responsibility is becoming the norm so much so that some businesses have incorporated it into their business model. There are three components of the bottom line of social

Corporate social responsibility (CSR) refers to business practices involving initiatives that benefit society (2). CSR may also be referred to as "corporate citizenship" and can involve incurring short-term cost that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change(1).

Also, a study by the Society of Human Resource Management (SRHM) states that Corporate Social Responsibility has positive effects on productivity, recruitment of top employees, loyalty and retention, and most importantly, the employee morale. The famous CEO of General Electric, Jack Welch, once said, “You build the best team, you win.” A study by Net Impact, which created a “What Workers Want” report, said that 45% of employees would have a 15% salary cut for work that has a social or environmental impact. Another 51% of workers say that helping to "make a better world" and make a "contribution to society" is essential to their ideal work . This goes on to show that in today’s world, by following CSR, companies have an easier time in recruiting a talented workforce. A great example in this case would be the Sara Lee Corporation that created a Global Sustainability Development Working Team in an attempt to improve employee satisfaction through Corporate Social Responsibility.

Corporate social responsibility (CSR) is a corporate initiative to assess and take responsibility for the company 's effects on the environment and impact on social welfare. CSR may also be referred to as "corporate citizenship" and can involve incurring short-term costs that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change.

Corporate Social Responsibility (CSR) is something that affects all companies and should be an active factor in the company’s decision making. It is something all corporations need to care about. CSR is when business’ or corporations take part in an initiative or campaign for a cause that will benefit society and/or in some way make the world a better place (Taylor, 2015). Initially, Corporate Social Responsibility started to take shape around the 1950’s, but some say that it dates all the way back to the 1800s, the idea of CSR was seen (Carroll, 2007). One may think that because it is dated so long ago, it doesn’t have an important impact today nevertheless, it is proven that Corporate Social Responsibility is a pathway for entities to self benefit as they are in the process of benefitting society.

Corporate social responsibility (CSR) is the ethical behaviour of a company towards society it operates in. It is a commitment to the concern to the society’s sustainability & development.

Corporate social responsibility (CSR) is a term used to describe a company’s efforts to improve society in a certain way. These efforts range from donating money to an organization such as a nonprofit organization, to implementing environmentally friendly policies in the workplace. This idea is not required for companies; instead it is something that companies do to improve their communities. The way companies practice CSR is different from company to company, and some companies may not even practice it at all.

In the broadest sense, CSR can be considered, “corporative initiative to assess and take responsibility for the company's effects on the environment and impact on social welfare. The term generally applies to company efforts that go beyond what may be required by regulators or environmental protection groups” (Anonymous, 2014). Another interesting fact that Investopedia included in their definition, that “CSR may also be referred to as "corporate citizenship" and can involve incurring short-term costs that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change”(Anonymous, 2014). However you want to determine the definition of CSR for yourself, it is a step that many businesses have incorporated into their current vision statements, and it has almost become a necessity into today’s

Corporate Social Responsibility (CSR) describes programs adopted by a company in addition to their profit-making ventures. These programs are specifically intended to integrate environmental and social concerns into regular business operations. More than just charity, they act as the “conscience” of the company and balance the social and environmental actions of the company with the desires of the shareholders. (“What is CSR?,” 2015) As a multinational corporation valued at billions of dollars, Bank of America has a large impact on its employees and surrounding communities.

Let’s start with a detailed examination of the title itself: Corporate Social Responsibility “CSR”. The name pertains to the responsibility corporations carry towards the society due to their unique position of prominence in the daily lives of common man. Corporations are formed with a feature that characterizes their very foundations which is people’s stake in the performance of the company and, in turn, the effect that the corporations have on these stakeholders. The most significant and major part of these people are the shareholders who have invested their hard-earned money in the corporations of their choice. Besides the obvious monetary and financial returns that the investors expect from these corporations, people want the company that they have invested their money in, to be socially responsible. With increased climate change, global warming and other fatally disastrous effects of pollution and different harmful practices adopted during the manufacturing, packaging or supply of products, the public gives more value to the corporations with a proactive, deeply interested and positive outlook on the matter of their social responsibility. A company seriously concerned for the well-being of the people, the surroundings in the periphery of its impact and the side-effects its pursuit of profit maximization can have on these surroundings and

CORPORATE SOCIAL RESPONSIBILITY (CSR) is a term describing a company’s obligation to be accountable to all of its stakeholder in all its operation and activities. Socially responsible companies consider the full scope of their impact on communities and the environment when making decisions, balancing the needs of stakeholder with their need to make profit.

CSR is a “corporate initiative to assess and take responsibility for the company’s effects on the environment and impact on social welfare” (Investopedia) through the implementation of “actions that appear to further some social good, beyond the interests of the firm that which is required by law” (A. McWilliams, 2006).

What is CSR? CSR or Corporate Social Responsibility indicates the actions or conducts that are strategically important to businesses. CSR can also be defined as a firm’s efforts or obligations in reducing and getting rid of any detrimental effects on the community and maximizing beneficial effects to the company and community in which it operates in the long run (Mohr et al, 2001, cited Trendafilova et al, 2013). CSR usually starts with the common emphasis that firms are not only responsible to generate investment returns for their investors, but are also responsible to their natural surroundings and to other stakeholders. “This is usually known as the “triple bottom line” – the company’s returns for investors, the environment and stakeholders” (Markley, 2014). In today’s modern business environment, CSR is undoubtedly important because whenever possible, customers would prefer purchasing goods from firms that are reliable; suppliers also prefer supplying to companies that are credible; employees would rather work for corporations they have a high regard for and NGO’s want to work with companies seeking possible solutions in areas of common concern. “Pleasing each of these stakeholder groups enables companies to maximize their obligations to their shareholders who gain most when the needs of other stakeholder groups are met” (Waldman et al, 2010).

Daniels and Radebaugh (2009) assert that another advantage of corporate social responsibility for the firm is that it results in efficiencies and cost savings. Companies that show an interest in environmental sustainability cut costs on energy consumption or resource use and such companies are also able to create customer loyalty through making the workplace more enjoyable and by committing to social responsibility such companies would not be required to pay higher wages to ensure best talent in the organization to stay.