Socially Responsible Business Practices

Paper Summary:

This paper discusses corporate social responsibility (CSR) in terms of the overall relationship of the corporation with all of its stakeholders. Included in this discussion are customers, employees, communities, owners/investors, government, suppliers and competitors. The elements of social responsibility include investment in community outreach, employee relations, creation and maintenance of employment, environmental responsibility, human rights and financial performance.

From the Paper:

"The emergence of the concept of socially responsible corporations has become a hot topic as society in the 21st century becomes increasingly aware of situations in which a company's business practices are questioned. The heightened interest in the ethical role that corporations play has been perpetuated by increased awareness of corporate ethical issues. "

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