Corporate social responsibility (CSR) is a type of corporate self-regulation incorporated into the business model. The CSR policy operates as a self-administrative system that entails the business monitoring as well as ensuring its active conformity with the spirit of the law, moral values, and national or international standards.
Discuss the Three Elements of Social ResponsibilityThere are three essential elements of responsibility are market actions, externally mandated actions, and voluntary actions. For the corporation to be socially responsible, it has to fulfill its duties in each of its actions. The market action refers to the responses to competitive market force. These kinds of actions have always ...
