Corporate social responsibility and sustainability have become increasingly important topics discussed at symposiums. This paper examines the motivations for businesses to contribute to sustainable growth through CSR initiatives and discusses whether CSR can be used interchangeably with sustainable development. It introduces the evolving definition of CSR and analyzes the recent increased focus on CSR in relation to socialization of markets, constrained market drivers, and other societal, governmental, and globalization factors. The paper also provides a framework for the connection between CSR and sustainable development to aid policymakers in further research and development of new methods and tools for implementing sustainable and socially responsible strategies in corporations.
Corporate social responsibility and sustainability have become increasingly important topics discussed at symposiums. This paper examines the motivations for businesses to contribute to sustainable growth through CSR initiatives and discusses whether CSR can be used interchangeably with sustainable development. It introduces the evolving definition of CSR and analyzes the recent increased focus on CSR in relation to socialization of markets, constrained market drivers, and other societal, governmental, and globalization factors. The paper also provides a framework for the connection between CSR and sustainable development to aid policymakers in further research and development of new methods and tools for implementing sustainable and socially responsible strategies in corporations.
Corporate social responsibility and sustainability have become increasingly important topics discussed at symposiums. This paper examines the motivations for businesses to contribute to sustainable growth through CSR initiatives and discusses whether CSR can be used interchangeably with sustainable development. It introduces the evolving definition of CSR and analyzes the recent increased focus on CSR in relation to socialization of markets, constrained market drivers, and other societal, governmental, and globalization factors. The paper also provides a framework for the connection between CSR and sustainable development to aid policymakers in further research and development of new methods and tools for implementing sustainable and socially responsible strategies in corporations.
Corporate social responsibility and sustainability have become increasingly important topics discussed at symposiums. This paper examines the motivations for businesses to contribute to sustainable growth through CSR initiatives and discusses whether CSR can be used interchangeably with sustainable development. It introduces the evolving definition of CSR and analyzes the recent increased focus on CSR in relation to socialization of markets, constrained market drivers, and other societal, governmental, and globalization factors. The paper also provides a framework for the connection between CSR and sustainable development to aid policymakers in further research and development of new methods and tools for implementing sustainable and socially responsible strategies in corporations.
In recent past, the symposium about sustainability in respect of Corporate
Social Responsibility (CSR) has been accelerated above average. The contentions of this paper is regarding the motivations for and character of contributions for sustainable growth through the medium of CSR in a business. Both of these topics are not only important for studying purposes but also needs execution in corporate sector. It introduces us with the evolving connotation and gives a view on the subject of “why there has been a recent boost in CSR with reference to the advancing socialization of markets as a outcome of constricted market drivers, along with other societal, governmental and globalization drivers”. It can also be clarified whether CSR can synonymously be used with SD or not. A skeleton has been provided defining the connection between CSR and SD to ease the policy –makers in further research, to adding to the expansion of innovative methodologies and instruments towards the carrying out of SD / CSR strategies into corporation.