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…

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  • 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
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What is corporate social responsibility and how can businesses practice it?

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IntroductionToBusiness OP 8D04gAa · 2026-10-07-36573

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"Corporate social responsibility is the concern of businesses for the welfare of society as a whole. It consists of obligations beyond just making a profit and goes beyond what is required by law or union contract. Corporate philanthropy is the practice of charitable giving by corporations; it includes contributing cash, donating equipment and products, and supporting the volunteer efforts of company employees. Strategic giving is the practice of tying philanthropy and corporate social responsibility efforts closely to a company’s mission or goals and targeting donations to the communities where a company does business. Social investing is the practice of limiting investments to securities of companies that behave in accordance with the investor’s beliefs about ethical and social responsibility to encourage businesses to be more socially responsible. Stakeholders are individuals or groups to whom a business has a responsibility; they include employees, customers, the general public, and investors."

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