Corporate social responsibility in Saudi Arabia

$27.00

Order Now

Description

Corporate social responsibility (CSR) is a form of business self-regulation incorporated into a business model. CSR is about how corporations manage the business practices to generate an overall positive impact on the society (Hopkins, 2007, p. 67). CSR policy would ideally function as an integrated, self-regulating mechanism whereby companies would monitor and ensure their support to ethical standards, law and international norms. As a result, companies would accept responsibility for its activities’ impact on the environment, employees, consumers, stakeholders and communities (Finch, 1997, p. 56). Additionally, CSR-focused organizations would proactively advance the public interest by promoting community growth and development, as well as voluntarily abolishing practices that harm the community. Basically, CSR is the intentional inclusion of public interest into business decision-making.