What is CSR, and why is it important? Thinking about the organization where you work or one you are familiar with, how does  the company engage in CSR? Does it do all that is reasonable to do? Why or why not? in Openstax

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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What is CSR, and why is it important? Thinking about the organization where you work or one you are familiar with, how does  the company engage in CSR? Does it do all that is reasonable to do? Why or why not? in Openstax

 

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* Only the first part is answered, as the second and third parts are subjective.

 

In the latest corporate sector, there are 3 key buzzwords: environmental, social, and governance. All 3 are significant for a successful business. 

Business organizations make decisions by recognizing the components of the environmental, human, and social effects of business actions. Business is required to add value to the people associated with it. 

Social responsibility is an important topic on the company's agenda because of issues associated with globalization, and corporate scandals. 

 

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