Corporate Social Responsibility and its Types

The term corporate social responsibility is a tactic that almost every company is incorporating into their business. But what is corporate social responsibility? Corporate social responsibility (CSR) allows organizations to take positive and active roles in their field. CSR is often associated with the term corporate citizenship. It promotes the idea that a company can make a change in the world by enhancing its social order through good work. As corporate social responsibility includes business practices and company culture, it is a matter of the organization’s board of directors. CSR is a wide topic that encompasses human components like ethical labor practices both within the company and as a bigger part of its supply chain. 

Business ethics and corporate social responsibility are parts of any well-known organization, regardless of the industry. It not only makes a company profitable but allows them to make a good impact on society and the environment. To make an entry into the corporate world, professionals can take an Online PGDM Programme from the Loyola Institute Of Business Administration (LIBA). This AICTE-approved programme will give candidates networking opportunities, top-notch faculty, business skills and a holistic curriculum.