What is meant by 'corporate social responsibility'?

Solution:A basic definition for CSR is that it is 'about how companies manage the business processes to produce an overall positive impact on society'.

The World Business Council for Sustainable Development defined CSR as follows:Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. (Holme & Watts, 2000, p. 8)

Required:

In your own word, explain what is meant by 'corporate social responsibility'. Provide twoexamples.