Academics, policy makers, businesspeople, members of civil society, and individuals have all recognized the significant effect the activities of the private sector have on employees, customers, communities, the environment, competitors, business partners, investors, shareholders, governments, and others. It is also becoming increasingly clear that firms can contribute to their own wealth and to overall societal wealth by considering the effect they have on the world at large when making decisions and take operational actions to execute their strategies. All of this has led to growing interest in “corporate social responsibility” (CSR), which has been described as the way that firms integrate social, environmental, and economic ...
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