Chapter 3.5, Problem 1SA3.2

Summary Introduction

To determine:

Where I stand on corporate social responsibility.

Introduction:

The corporate social responsibility can be defined as the business approach or the ways through which a business can contribute benefits like economic benefit, social benefit and environmental benefit to all of its stakeholders. The corporate social responsibility has a pyramid divided by the types of responsibilities. The types of responsibilities are economic responsibility, legal responsibility, ethical responsibility and philanthropic responsibility.