Definition of Corporate Social Responsibility

Corporate Social Responsibility (CSR) is a commitment to improve community well-being through discretionary business practices and contributions of corporate resources.

CSR goes by many names, which include: corporate citizenship, corporate philanthropy, corporate giving, corporate community involvement, community relations, community affairs, community development, corporate responsibility, global citizenship, and corporate societal marketing.

It makes no difference what this social commitment for improving the community is called – it is simply the NEW way of doing business to capture market share and enhance the company’s image.