In their book, "Business and Society", Carroll and Buchholtz give this definition of CSR that is broken down into four components, "The social responsibility of business encompasses the economic, legal, ethical, and discretionary (philanthropic) expectations that society has of organizations at a given point in time."... Keith Davis and Robert Blomstrom give their definition of CSR in the Carroll and Buchholtz book. It is as follows, "Social responsibility is the obligation of decision makers to take actions which protect and improve the welfare of society as a whole along with their own inter...

• Word Count: 1594
• Approx Pages: 6
• Grade Level: Undergraduate