The Researcher Will Use A Wide Range Of Secondary Research

1294 WordsMar 22, 20176 Pages
The researcher will use a wide range of secondary research sources to plan and support the project and its findings. This literature review has included various sources, such as journal articles, newspapers and websites which are reliable, valid and trustworthy sources for this subject area. There is a multitude of definitions of Corporate Social Responsibility (CSR). According to Business for Social Responsibility, ‘CSR is defined as achieving commercial success in ways that honor values and respect people, communities and the natural environment.’ Alternatively, CSR has been described as ‘an action by a firm, which the firm chooses to take, that substantially affects an identifiable social stakeholder’s welfare.’ Osie-Kwame, S (July…show more content…
It is about conducting business operations ethically and responsibly. CSR can be used positively to help increase productivity and profitability. CSR has also been defined as taking a responsible attitude, going beyond the minimum legal requirements and following principles that apply whatever size the business is. nibusinessinfo.co.uk (2017). In summary, no matter how Corporate Social Responsibility is defined, it goes beyond just following the legal requirements and giving back to key stakeholders and society. CSR isn’t a recent subject as it has been a progressing topic since the 1950’s, which has grown in importance and impact. There is some evidence where businesses hundreds of years ago were seeking to improve society, the community or particular stakeholder groups. This topic has grown in importance since the 1950’s and consumers nowadays are highly tuned into sustainable operations of businesses. Multitudes of definitions of Corporate Social responsibility have arisen however the early definitions of CSR were relatively general. In the early 1960’s, CSR was defined as “seriously considering the impact of the company’s actions on society.” Another early definition of CSR by Davis in 1975 reads as follows, “social responsibility is the obligation of decision makers to take actions which protect and improve the welfare of society along with their own
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