Attempts to Define Corporate Social Responsibility
Corporate Social Responsibility (CSR) has been a hot debate since the beginning of the twentieth century, as people attempt to reach an agreement over its definition. The concept has become vital in business reporting, as most companies have developed a policy concerning CSR, which offers an annual report on its activities. However, coming up with the appropriate definition of CSR has been hampered by different cultural approaches to business, divergence in motivation for CSR, and disparities in disciplinary backgrounds in the engagement with CSR. CSR will hardly offer solutions to the global problems, as it only works with companies that push for innovation, cost cutting, and brand differentiation. Without a uniform definition of what …
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