What is CSR?

  • The extent to which a business addresses the concerns and obligations to its wider stakeholders

  • The actions a business takes over and above the minimum required by law in addressing societal needs and wants

  • CSR is based on the idea that the needs of business and society are interdependent

  • Society needs business

    • Employment & wages
    • Investment & innovation
    • Profits & taxes
  • Business needs society

    • Create demand
    • Public assets and infrastructure
    • Legal protection

The Debate on Social Responsibility

  • Not all business organisations behave in a socially responsible manner
  • Some argue that that it is not the job of businesses to be concerned about social issues and problems
  • Two schools of thought:
    • Free market view: the job of business is to create wealth for shareholders
    • Corporate social responsibility view: business should be concerned with social issues

Want to turn on fun video effects during your next call? Or do you need to blur your background when you hop on your next online work meeting? You can now do both in Google Meet on Firefox. If you use Firefox version 115 or higher, you can set your visual effects either before or dur