Profitability, in harmony with the wider community
Corporate Social Responsibility is a company's policies and practices which take into account the wellbeing of the wider community as
well as its own profitability and shareholder value. Stakeholders such as employees, suppliers, customers and local residents
are important as well as anyone who has a legitimate concern about the company's activities, for example its impact
on the environment.
Increasingly, companies are aware of their responsibilities in relation to the wider community and actively seek consultation with
stakeholders so as to build partnerships and develop the company in harmony with the interests of the community at large.
Companies which are committed to Corporate Social Responsibility often express their results
in terms of a 'Triple Bottom Line'.
Note: This web page is not intended to provide comprehensive coverage of the subject, merely a brief introduction to provoke thought and to lead to a more in depth understanding and application of the topic, either through further reading - or from me as your management consultant, executive trainer or personal coach in a consultancy project, training course, workshop or seminar.