Corporate Social Responsibility Definition - 1011 Words

This research study is about what the Corporate Social Responsibility (CSR) is, how people define and how I understand this term? According to my research and observations, CSR does not have only one and constant definition. I have read a lot of definitions of CSR and in fact, they are similar but not the same. Briefly, definition and understanding of CSR depends on person to person. Thus, I am going to talk about definitions of the CSR and I will define my own perspective about the CSR. As I mentioned, CSR does not have one definition. There is huge amount of CSR definitions published by business world and economists. For example, â€Å"CSR is about how companies manage the business processes to produce an overall positive impact†¦show more content†¦THE PYRAMID OF CORPORATE SOCIAL RESPONSIBILITY According to Archie Caroll, who found CSR pyramid, there are 4 aspects of Corporate Social Responsibilities which is divided in Economic, Legal, Ethical and Philanthropic Responsibilities. Corporate Citizens are expected to be profitable, be abiding the laws, be ethical and be charitable to society. (Carrol, July-Aug. 1991.) This pyramid reflects what the CSR is by defining the responsibilities of the corporations in four different stages. First level is Economic responsibilities of the corporations which refers the corporations’ main goal, making or being profitable. Second step Legal Responsibilities, this stage explains how the corporations act when they do business, obey the laws and follow the rules. Third part of the pyramid is about Ethical responsibilities of the corporations. This step reflects being ethical. On the other word, what the right and wrong is. In addition, Corporations should avoid unfair and non-ethical actions in the society. Finally, top of the pyramid reflects being good corporate citizen. I think, it suggests corporations should follow the laws and rules, pay the taxes, do the right and ethical, and take care of its workers and environment. In my opinion this pyramid reflects my exact definition about the CSR. MY CSR DEFINITION According to my research and overall aspects about the Social responsibility as a citizen, Corporate SocialShow MoreRelatedDefinition Of Corporate Social Responsibility1007 Words   |  5 PagesRogers Telecom’s definition of corporate social responsibility is similar to the ISO 26000 in addressing the seven principle subjects, organizational governance, human rights, labour practices, the environment, fair operating practices, consumer issues, and community involvement and development. Although, not all issues belonging to these principles were addressed. 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