Corporate Social Responsibility (CSR) can be defined as "the economic, legal, ethical, and discretionary expectations that society has of organizations at a given time" (Buchholtz, 2014, p. 32) The fundamental principles of corporate social responsibility consist of organizations that have moral, ethical and philanthropic duties not only to obtain a profit for investors, but must also comply with the laws and standards set also for businesses. Today's CSR requires organizations to take on a much broader spectrum of responsibilities that includes not only shareholders, but also employees, suppliers, customers, the local community, state and federal governments, special interests and even a variety of environmental groups. (Sharma, 2014) Corporate social responsibility is in many ways linked to the values and ethics a company believes in. While CSR encompasses the economic, legal, ethical, and discretionary responsibilities of organizations, business ethics usually focuses on the moral judgments and behavior of individuals and groups within organizations. In their text, BUSINESS AND SOCIETY: ETHICS, SUSTAINABILITY, AND STAKEHOLDER MANAGEMENT, Carroll and Buchholtz provide a four-part definition of CSR that incorporates the multifaceted nature of social responsibility. The expectation that businesses produce goods and services needed and wanted by customers, and sell those goods and services at a reasonable price, is key to the economic responsibilities cited in their definition. Organizations are expected to be efficient, profitable and creative to keep the well-being of shareholders in mind. In the Western corporate structure, fair competition in the market is not just the leg... half the paper... after-tax profits benefit charitable causes, contributing more than $1.5 million in cash and in -kind donations to community organizations. In 2013, Outerwall also managed to mobilize 28% of its employees to participate in company-sponsored volunteering events, continuing to build momentum towards its goal of engaging one-third of the workforce in volunteering by 2015. “At Outerwall, we believe in cultivating inclusive work an environment where employees are empowered to take an active role in CSR initiatives,” said Nicole Trimble, senior director of corporate responsibility at Outerwall. “We work to help provide employees with access to opportunities that will support their personal and professional development while enriching our communities and protecting the environment. By doing so, we are also able to advance our business objectives. " (Wall Street Journal, 2014)
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