Term
| corporate social responsibility (CSR) |
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Definition
| the actions of an organization that are targeted toward achieving a social benefit over and above maximizing profits for its shareholders and meeting all its legal obligations |
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Definition
| an alternative term for corporate social responsibility, implying that the organization is a reponsible citizen in meeting all its obligation |
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Definition
| an alternative term for corporate social responsibility, implying that the organization is run with an awareness of its obligations to society |
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Term
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Definition
| the perspective that the only obligation of a corporation is to maximize profits for its shareholders in providing goods and services that meet the needs of its customers |
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Definition
| the perspective that a corporation has an obligation to society over and above the expectations of its shareholders |
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Term
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Definition
| organizations pursue a clearly defined sense of social conscience in managing their financial responsibilities to shareholders, their legal responsibilities to their local community and society as a whole, and their ethical responsibilities to "do the right thing" for all their stakeholders |
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Definition
| organizations take a philanthropic approach by underwriting specific initiatives to give back to the company's local community or to designated national or international programs |
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Definition
| philanthropic activities are targeted toward programs that will generate the most positive publicity or goodwill for the organization |
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