Bifalgorithm post · IntroductionToBusiness OP 8D04gAa · 2026-10-07-36573 · Summary of Learning Outcomes
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 · Summary of Learning Outcome…
Ideas in this flowchart
- Corporate social responsibility and related business practices
- Businesses' concern for the welfare of society as a whole
- Obligations beyond profit, legal requirements, or union contracts
- Corporate philanthropy is charitable giving by corporations
- Philanthropy includes cash, equipment, products, and employee volunteer support
- Strategic giving ties philanthropy and social responsibility to a company's mission or goals
- Strategic donations target communities where the company does business
- Social investing limits investments to companies that reflect 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 a responsibility
- Stakeholders include employees, customers, the general public, and investors
