Is the Business of business simply to generate profits, or is it to fulfil other societal objectives?
The term business or corporate social responsibility has a deep meaning including business ethics, business citizenship, commercial liability, and sustainability. As clearly commented by Carroll, CSR has surely become a “front – burner” in the business community (P. 27l). When the term “social responsibility” of the business sector gets discussed in professional parlence, it is not only the commercial achievement of success. Rather it is the achievement of success by the company by way of legal, ethical, commercial and other related expectations of the society. Thus, the company or the business has to make appropriate decisions that balance the ...
