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Corporate Social Responsibility

DEFINITION:

Corporate Social Responsibility, an integral part of all or at least most organizations is the latest growing trend nowadays. To define; we can say that Corporate Social Responsibility which is also known as CSR is about how companies manage the business processes to produce an overall positive impact on society. However there is not just one universal definition of CSR as with different people even different organizations hold different perceptions for the definition of Corporate Social Responsibility.

"Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large”

According to Sir Adrian Cadbury, “Business has to take account of its responsibilities to society in coming to its decision, but society has to accept its......

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Approximate Word Count: 1282
Approximate Pages: 6 (250 words per double-spaced page)

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