Key Concepts in Business

Corporate social responsibility goes beyond making one's business or enterprise an economic institution directed towards profit whose main responsibility to society is to provide goods and services and to return maximum benefits to its shareholders. CSR is now becoming an emerging need in businesses and most of the businesses these days that attain sustainable development are those who practice CSR. CSR assesses a business not only from its financial success but also from how well it distributes some of its wealth back to the shareholders and the community, and as well as how it contributes to both environmental and social issues.…