AnswersDriveMany organizations refer to social and environmental activities as corporate social responsibility (CSR). However, when an organization uses tools such as the Balanced Scorecard to manage goals and objectives, then there is a coherent vehicle for incorporating social and environmental objectives in the mix as well.
What is the importance of corporate social responsibility?
Corporate social responsibility (CSR) is a broad term used to describe a company's efforts to improve society in some way. These efforts can range from donating money to nonprofits to implementing environmentally-friendly policies in the workplace. CSR is important for companies, nonprofits, and employees alike.
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What are the benefits of corporate social responsibility?
Business benefits of corporate social responsibility
- better brand recognition.
- positive business reputation.
- increased sales and customer loyalty.
- operational costs savings.
- better financial performance.
- greater ability to attract talent and retain staff.
- organisational growth.
- easier access to capital.
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What is the definition of corporate social responsibility?
Corporate social responsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders. CSR is a concept with many definitions and practices.
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What is meant by the term corporate social responsibility?
Corporate social responsibility, often abbreviated "CSR," is a corporation's initiatives to assess and take responsibility for the company's effects on environmental and social wellbeing. The term generally applies to efforts that go beyond what may be required by regulators or environmental protection groups.
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What is the job of a CSR?
Duties & Responsibilities: First and foremost, a CSR provides all aspects of customer service for a garbage company. The vast majority of all customer contact is via a telephone call, but may come from an e-mail, voice mail, and/or in-person. All customer service is recorded into B&B Leasing's computer system.
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What are the responsibilities of a corporation?
Definition of corporate responsibility. Corporations have a responsibility to those groups and individuals that they can affect, i.e., its stakeholders, and to society at large. Stakeholders are usually defined as customers, suppliers, employees, communities and shareholders or other financiers.
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What is a corporate social responsibility strategy?
Corporate Social Responsibility (CSR) is an organization's obligation to consider the interests of their customers, employees, shareholders, communities, and the ecology and to consider the social and environmental consequences of their business activities.
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What is a social responsibility strategy?
Social responsibility is a form of self-regulation that businesses adopt as a part of their corporate conscience and citizenship. Often referred to as corporate social responsibility or CSR, this policy spurs businesses to develop means to monitor the public's social perception of them as a responsible business.
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What is a social responsibility program?
Corporations are keen to avoid interference in their business through taxation or regulations. A CSR program can persuade governments and the public that a company takes health and safety, diversity and the environment seriously, reducing the likelihood that company practices will be closely monitored.
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What is business ethics and corporate social responsibility?
Business Ethics and Corporate Social Responsibility. It is related to the broader field of Corporate Social Responsibility (CSR), plays a role in ethical investing and may or may not influence sustainable (“green”) business as well.
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What is meant by economic responsibility?
For us, economic responsibility means striving to ensure that we are profitable in order to create long-term value for our stakeholders and contribute to a global and sustainable economy. Business ethics to us means safeguarding sound business practices in line with the values outlined in our Code of Conduct Policy.
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What does CSR mean in the medical field?
central serous retinopathy. Abbreviation: CSR. Serous detachment under the macula due to leakage of fluid from the choriocapillaris into the subretinal space between the retina and retinal pigment epithelium. It occurs most often in men aged 20 to 40, typically involves one eye, and often resolves spontaneously.
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What is the definition of corporate social investment?
CSI encompasses projects that are external to the normal business activities of a company and not directly for purposes of increasing company profit. These projects have a strong developmental approach and utilise company resources to benefit and uplift communities and are not primarily driven as marketing initiatives.
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What is the meaning of CSR in police department?
Community Service Register is the register maintained in all the Indian police stations for a non cognizable offence. If the offence is a cognizable offence then a (FIR) First Information Report is created & registered. CSR is also called as Daily Diary Report or Diary Report.
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What do the initials CSR stand for?
CSR
| Acronym | Definition |
|---|---|
| CSR | Customer Service Representative |
| CSR | Communications Service Request |
| CSR | Certificate Signing Request |
| CSR | Corporate Social Responsibility (business ethics) |
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What do you mean by corporate philanthropy?
The charitable donations of profits and resources given by corporations to nonprofit organizations. Corporate philanthropy generally consists of cash donations but can also be in the form of use of their facilities or volunteer time offered by the company's employees.
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What do you mean by corporate companies?
Corporations are owned by their stockholders (shareholders) who share in profits and losses generated through the firm's operations, and have three distinct characteristics (1) Legal existence: a firm can (like a person) buy, sell, own, enter into a contract, and sue other persons and firms, and be sued by them.
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What is a corporate citizen?
“Corporate Citizenship is a recognition that a business, corporation or business-like organisation, has social, cultural and environmental responsibilities to the community in which it seeks a licence to operate, as well as economic and financial ones to its shareholders or immediate stakeholders.
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What is a customer service representative?
Customer service representatives interact with customers on behalf of an organization. They provide information about products and services, take orders, respond to customer complaints, and process returns. Many customer service representatives work in customer contact centers.