Bifalgorithm post · IntroductionToBusiness OP 8D04gAa · 2026-10-07-36573 · Glossary
What is corporate social responsibility and how can businesses practice it?
What is corporate social responsibility and how can businesses practice it? (IntroductionToBusiness OP 8D04gAa · 2026-10-07-36573 · Glossary) — "The practice o…
Ideas in this flowchart
- Corporate responsibility and socially responsible business practices
- Corporate philanthropy is charitable giving by corporations.
- It includes cash contributions, equipment and product donations, and support for employee volunteering.
- Corporate social responsibility (CSR) concerns the welfare of society as a whole.
- CSR involves obligations beyond profit and beyond legal or union-contract requirements.
- Social investing limits investments to companies that align with the investor’s ethical and social beliefs.
- Social investing encourages businesses to become more socially responsible.
- Stakeholders are individuals or groups to whom a business has responsibilities.
- Stakeholders include employees, customers, the general public, and investors.
- Strategic giving connects philanthropy and CSR efforts to a company’s mission or goals.
- Strategic giving targets donations to communities where the company does business.
