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Essay text:
According to Pallazi and Starcher (2006), building these relationships and being responsible to them rather than looking into the profit can form the foundation for a new, progressive and people-centered corporate strategy. This brings us to the increased importance of Corporate Social Responsibility (CSR).
According to World Business Council for Sustainable Development "Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life at workplace and their families as well as of the local community and society at large...
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Common topics in this essay:
- Body shop and its CSR-Impact of Social Responsibility on Business Profitability and Social Welfare
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- The statement of financial performance is based on data relating to past transactions and events. Hence the statement of financial performance is of no use to an investor’s decision making process.
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