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level: Level 1 of 3. Corporate Social Responsibility

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level questions: Level 1 of 3. Corporate Social Responsibility

QuestionAnswer
What is CSR?Corporate social responsibility (CSR) : CSR is the ‘commitment by organisations to ‘behave ethically’ Also to improve the lives community, society, and the environment. i.e. going beyond minimum legal duties and obligations • Part of the strategy • [Part of branding] • [Part of reputation management] i.e. all part of the strategy
What are the 4 basic stances of CSR?1. Laissez-faire 2. Enlightened self-interest 3. Forum for stakeholder interaction 4. Shaper of society