What Is A Corporate Social Responsibility Commerce
The subject corporate social responsibility has gained popularity only in recent years. It has been started its origin from the concept of the welfare state. When the industrialization comes and there is a concern over productivity of the workers, their problems where start a welfare concept.
Let us look a definition on social responsibility.Definition
The World Business Council for Sustainable Development in its publication "Making Good Business Sense" by Lord Holme and Richard Watts used the following definition. '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'.Corporate Social Responsibility
CSR tells about how the companies are managing their business strategy to bring a positive impact on the economy.
Take the following illustration:
Every company need to answer two types of their operations. They are:
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