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  1. Corporate Social Responsibility refers to ensuring the success of the business by inclusion of social and environmental considerations into a company’s operations. It means satisfying your shareholders’ and customers’ demands while also managing the expectation of other stakeholders such as employeessuppliers and the community at large.

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  2. Since the 2000s, CSR has grown increasingly strategic, and a broader concept of sustainability has gained ground. Public pressure to address negative corporate externalities, and pressing social, economic, and environmental issues has driven the evolution of these practices.

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  3. The Social Contract between Business and Society. Every contract is built on the basis of three conditions (1) free and informed consent, (2) a quid pro quo, and (3) the rational self interest of the contracting parties. • Free and Informed Consent: No contract is legitimate that is based on force, fraud or deception.

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  4. Feb 1, 2012 · Franklin, Benjamin. It is the first responsibility of every citizen to question authority. Franklin, Benjamin. Poverty often deprives a man of all spirit and virtue; it is hard for an empty bag to stand upright. Franklin, Benjamin. Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety.

  5. CSR represents the human face of the highly competitive world. of commerce. Perception of this human face is a vital and necessary part of society’s willingness to accept the significant and sometimes (at least in the short-term) difficult changes brought about by elements of globalization.

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  6. Corporate social responsibility (CSR) is now a key business function, as is growing awareness of how private sector economic activity must be well-managed so as to ensure profitable sustainability12. In fact an earlier book by one of the present authors had insisted on including the private sector in development issues13. The remainder of this ...

  7. article seeks to articulate and communicate what social responsibility means and why it makes good business sense to integrate it into business strategies and practices. It does this by: Outlining some forces at work and trends affecting corporations Explaining six key dimensions of corporate social responsibility