MGT211 Short Notes for Final Term and Mid Term . Aslam u Alaikum dear students. If you are looking for MGT211 Short Notes for Final Term and Mid Term file? Then you are visiting the right website. I provided the perfect solution here according to my efforts. If there is any mistake then please correct it before submitting the VULMS account and before midterm and final term exams preparation .Thanks
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Corporate social responsibility (CSR) is an expression used to describe what some see as a company’s obligation to be sensitive to the needs of not only all of the stakeholders in its business operations but
more importantly the community at large. It has been defined as: “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 the local community and society as large.”
Businesses are now seen as partners of the communities in which they may be located rather than simply
as a profit making set up serving the needs of their stake holders. Corporate social responsibility incorporates the principle of sustainable development along with “triple bottom line reporting” reflecting not only financial results but also social and environmental impact of the business.
The CSR may be looked after by an independent department reporting directly to the board or may be a
part of the business development or human resource department.5.1.6 Ethics Corporate or business ethics have attained vital importance in today’s world. The issue not only addresses matters such as how those charged with governance and managing businesses take decisions.
But importantly the employee conduct and behaviour the corporations responsibility in terms of its
image, product, branding, trade, business practices and compliance with not only national and regional
but also international laws.