Running head: CORPORATE SOCIAL RESPONSIBILITYCorporate Social ResponsibilityStudents NameInstitutional Affiliation1CORPORATE SOCIAL RESPONSIBILITY2Corporate Social ResponsibilityDefinitionCorporate social responsibility denotes (CSR) indicates policies that organizationsimplement to ensure their dealings are ethical, beneficial, and congruent with the interests ofstakeholders, including community, customers, shareholders, and employees.SummaryThe CSR concept has existed since the mid of the 19th century, and its meaning hasevolved with time. Initially, CSR was used to denote philanthropic activities undertaken bybusiness entities. In contemporary society, the term mainly refers to strategies employed bybusiness organizations to foster their relations with stakeholders. It is also perceived as anapproach used by businesses to help solve problems that jeopardize society's welfare. Punditswho have investigated this area treat businesses as part of the community. Notably, the CSRapproach is comprised of three principles, including sustainability, accountability, andtransparency.In the context of CSR, sustainability relates to the choice and use of resource ...
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