You are required to write a short essay explaining what you think CSR is. This should include: Brief introduction (this can be one sentence) A definition of CSR, including an explanation of why you...

Corporate Social Responsibility
CSR or Corporate Social Responsibility is consistent commitment by business to act ethical and contribute to economic development such it help enhancing the quality of life of not just their employees but local communities and at large improve the societies. I chose this definition because I strongly believe that business in not run by one-man army. Rather for a business to be successful, it should have strong commitment from all its stakeholders who wants the organization to grow and correspondingly grow with it. One of the important stakeholder of business is the environment and society and by the virtue of CSR business takes initiative towards the society, environment and assist in creating sustainable plant.
We live in a global economy and business in order to not just survive but thrive requires to operate globally. With strong presence in performing several CSR activities or business making an effort to contribute in uplifting the society can help brand the company better in the eyes and mind of various important stakeholder like customer, investors, employees, suppliers, government and activist organization. Especially in a global context, sustainable programs are essential for business to establish good industry association with particular geography since it improves their values, displays their association to society and commitment towards the development of geography.
Example, one of the well-known conglomerate Unilever has proved that with a good CSR strategy one can easily build a strong presence in different geographies and receive acceptance from locals. Unilever when entered Indian market re-branded itself as Hindustan Unilever and undertook many CSR activities that were committed to grow the business in socially responsible method as well as operate in ethical way. For instance, India is a country, which is plagued by over population that puts extreme pressure on the existing resources like water. In coming decade, it is forecasted...