How does social business fit in with CSR?
Large corporations practising Corporate Social Responsibility (CSR) are NOT social businesses. This is because their primary objective remains financial and their CSR activities, socially beneficial as they may be, exist to serve the primary objective (which is financial), because of stakeholder demands from staff, customers and shareholders and others. Social businesses are businessess that have twinned key objectives (of equal importance), one financial and one social.
Related Questions
- Are you aware of other businesses that fit your definition of social business, other than Grameen Bank and the various Grameen joint ventures, such as Grameen Danone and Grameen Veolia?
- What is the difference between corporate social responsibility (CSR) and social business?
- How does social business fit in with CSR?
