The Five Dimensions Of Corporate Social Responsibility

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Corporate Social Responsibility focuses on five main dimensions based on the research proposed by Alexander Dahlsurd (2008). He gathered the concepts and definitions related to Corporate social responsibility and identified the similarities in the literature. The five important dimensions of CSR are as follows,
 The environmental dimension considers the environment where the business organisation survives. The business practices should be developed in such way that it should not harm the environment. Thus they should concentrate on developing practices in an environmental friendly way.
 The social dimension explains the relationship between the society and business organisation. Business organisations should provide its contribution to the society in a better manner by including the concern for social issues in its business operations. It should also consider the impact of such activities on the local communities.
 The economic dimension focuses on the profitability of the business operation which aims at maximising the wealth of the business. Though profit maximisation is the base of the existence of any business, it must foster socio economic development of the nation.
 The Stakeholder Dimension ensures good relationship with its entire stakeholders mainly with local communities, suppliers, customers and employees in the organisation. The smooth running of business is possible only if the organisation has cordial relationship among its stakeholders.
 The

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