ENHANCING internships of future business enterprise constituents and decision-makers is academe-business partnership’s investment to improving human life for all. Literature I came across this month reiterate an emerging 21st century paradigm of Corporate Social Responsibility (CSR). Business leaders continue to clarify to themselves what exactly their investors perceive of CSR, also termed as Corporate Social Initiatives (CSI) or Corporate Social Values (CSV). CSR has long been understood as a philanthropic gesture of business alongside its primal remit to keep a healthy ROI. The web offers varied definitions of today’s CSR, which commonly includes a company’s social and environmental stewardship. Investors tend to assess the extent to which a company takes responsibility for the company’s effects on environmental and social well-being. <www.investopedia.com/terms/c/corp-social-responsibility.asp> Referred to also as an expression of a company’s “citizenship,” CSR initiatives focus on the company’s waste and pollution reduction, contribution to educational and social programs, while at the same time, earning adequate returns on the employed resources. <dictionary.com/definition/corporate-social-responsibility.html>

Changing perspectives on CSR. Much has been written about this change in journal articles, world and inter-regional reports, blogs, forums and conferences. “Governments, civil society, business --- all to some extent” see CSR “as a bridge connecting the arenas of business and development and increasingly discuss CSR programs in terms of their contributions to development” in marginalized societies, such as “combatting HIV/AIDS, reducing poverty and building human capital.” Our source says “current CSR approaches do not warrant such claims.” <https://onlinelibrary.wiley.com/doi/10.1111/j.1468-2346.2005.00465.x/full>Questions have been raised “whether business and development are happy bedfellows.”

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details