Of The CSR, By William Bowen's Corporate Social Responsibility?
Introduction
The phrase CSR was introduced by William J. Bowen in 1953. Bowen is considered as the father of the term CSR. However, CSR found its root as an important concept and a key strategy in business during decade of 1990s and afterward in the course of more global socio-economic scenario and more competing corporations of the world.
Corporate social responsibility is also referred as corporate conscience, corporate citizenship, social performance, sustainable responsible business/responsible business and so on by scholars and business leaders. CSR is basically a concept whereby companies decide voluntarily to contribute to a better society and a cleaner environment. CSR is a process with the aim to embrace responsibility for the company’s actions and encourage a positive impact through its positive activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere who may also be considered as the stakeholders.
Corporate Social Responsibility (CSR) has been an important issue in contemporary business, management and politics, especially since the launch of the United Nations Global Compact in …show more content…
There are no universally agreed-upon definitions of the term “corporate citizenship” and “corporate social responsibility”. The nature and scope of corporate social responsibility has changed over time. CSR has been fetching more and more interest worldwide over recent years. The history of CSR is almost as long as that of firms. Concerns about the excesses of the East India Firm were commonly expressed in the seventeenth century. There has been a tradition of benevolent capitalism in the UK for over 150 years, for example, Quaker families such as the Hersheys, Rowntrees, Cadburys who sought to improve their employees’ standard of living as well as enhancing the communities in which they lived (John,
The phrase CSR was introduced by William J. Bowen in 1953. Bowen is considered as the father of the term CSR. However, CSR found its root as an important concept and a key strategy in business during decade of 1990s and afterward in the course of more global socio-economic scenario and more competing corporations of the world.
Corporate social responsibility is also referred as corporate conscience, corporate citizenship, social performance, sustainable responsible business/responsible business and so on by scholars and business leaders. CSR is basically a concept whereby companies decide voluntarily to contribute to a better society and a cleaner environment. CSR is a process with the aim to embrace responsibility for the company’s actions and encourage a positive impact through its positive activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere who may also be considered as the stakeholders.
Corporate Social Responsibility (CSR) has been an important issue in contemporary business, management and politics, especially since the launch of the United Nations Global Compact in …show more content…
There are no universally agreed-upon definitions of the term “corporate citizenship” and “corporate social responsibility”. The nature and scope of corporate social responsibility has changed over time. CSR has been fetching more and more interest worldwide over recent years. The history of CSR is almost as long as that of firms. Concerns about the excesses of the East India Firm were commonly expressed in the seventeenth century. There has been a tradition of benevolent capitalism in the UK for over 150 years, for example, Quaker families such as the Hersheys, Rowntrees, Cadburys who sought to improve their employees’ standard of living as well as enhancing the communities in which they lived (John,