Over the past few decades, the boundaries between the public (government), private (business), and social (nonprofit) sectors have become blurred as many pioneering organizations merge social and environmental aims with business approaches. There are many expressions of this trend, including corporate social responsibility, microfinance, venture philanthropy, sustainable businesses, social enterprise, privatization, community development, and others. There are also new forms of corporate Read More
Controversies Surrounding Corporate Social Responsibility
From the beginning, corporate social responsibility has been the subject of much debate. CSR’s critics argue that the main responsibility of businesses is to maximize return to their shareholders. They point to the corporate legal system as the proper place for regulating businesses’ conduct with society. And besides, businesses are already fulfilling a key public service by providing jobs and services that society needs. Other critics assert that many so-called CSR activities are really just Read More
Examples of Corporate Social Responsibility
Not all companies approach CSR in the same way. Their approach depends upon their resources, available assets, and corporate culture. In addition, some companies perceive more benefit from one type of CSR than another. The personal beliefs and priorities of senior management/ownership can also influence the company’s approach to social responsibility. Below are some different approaches to CSR. Corporate PhilanthropyCorporate philanthropy refers to a corporation’s gifts to charitable Read More