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socially responsible business (A socially responsible business (SRB) is a generally for-profit venture that seeks to leverage business for a more just and sustainable world. The objective of the SRBs involves more than just maximizing profits for the shareholders; it is also about creating positive changes and making valuable contributions to the stakeholders such as the local community, customers, and staff. In other words, the SRB is both profit-oriented and socially responsible as these companies seek to make financial gains, and at the same time, aim to improve the well being of the community. In doing so, the businesses engage in the voluntary initiatives with the aims of improving in various areas ranging from the social to environmental aspects of the society. WK Alexander Demidov); good corporate citizen (A good corporate citizen is a corporation that accepts the importance of being collectively responsible for its local community and environment as an integral part of their core business. Corporate citizenship is therefore about the contribution a corporation makes to society through its core business activities, its social investment and philanthropy programs and its engagement in public policy. Alexander Demidov) |
