Corporate Social Responsibility Of The World Essay

Chapter: 2 Corporate Social Responsibility 2.1 History of Corporate Social Responsibility 2.1.1 Corporate Social Responsibility in the World: The origin of Corporate Social Responsibility in businesses has no fixed date. Most experts, scholars, researchers, practitioners, writers, philanthropists, civil societies conscious citizens opined that it can be carried out in an ethical and socially responsible manner. It is assumed that in the year 1960 corporate social responsibility began to emerge, and the civil rights movement, consumerism, and environmentalism greatly changed the way society expected the business world to behave. In the year 1970 there came the common use of the term CSR along with many attempts to officially define the phrase. In 1980, the new International Development Strategy focused on achieving a more stable world economy, stimulating economic growth, evening out social inequities and countering the worst impacts of poverty. While scholars from the 1970s into the 1990s wrestled with CSR concepts and developed stakeholder theory, numerous business leaders had independently articulated similar views on the purpose of business. Throughout this period scholars attempted to define, redefine, and clarify the concept of corporate social responsibility that they saw being assumed by, imposed upon, and played out by business. In addition, scholars sought to connect and integrate disparate principles and activities into a more comprehensive conceptual model.Show MoreRelatedCorporate Social Responsibility Of The Business World1269 Words   |  6 PagesCORPORATE SOCIAL RESPOSIBILITY Presentation: Corporate social commitment is the term used to portray the way that a business considers the cash related, characteristic and social impacts of decisions and exercises it is incorporated in. 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