Home Free Lab ReportsWith the passing of time

With the passing of time

With the passing of time, the concept of Corporate social responsibility has gathered momentum, once the survival concept of the businesses has stabilized. As a matter of fact, today’s society has increasing expectations about corporate social responsibility. Also, today’s diverse workforce brings a wide variety of values and morals to the workplace. Therefore, its shall rather be a very narrower concept if to say that merely increasing profits so long as the business sticks to the rules of the games without committing fraud. The social responsibility in today’s era, have spread its wings to include the broader concept of ‘Corporate Social Responsibility’. This concept is much wider than what Milton Friedman suggested in 1962 and is included in the overall concept of the Managerial Ethics theory that can be categorized into three essential parts:

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