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First Article Analysis Corporate Social Responsibility (CSR) has been a “preached” issue in the corporate world but without true actions or intentions to impose it unless the corporation is also benefitting from it in the long run. This has made the true sense and meaning of CSR which is for social welfare to be watered down to a few acts that indicate charity and social welfare but which in the real sense also make a profit for the company in question. One of these parties is the company itself. The company can have self-regulatory measures which mean forfeiting some of their profits to honestly support and act in favor of social welfare. This has proven to be a hard decision for most corporations though some do try.
The other is having watchdogs like the civil society movements to bring about accountability and criticize the companies that do not act according to the true meaning of CSR. The downside of this is that most civil society lacks the financial resources to ensure this watchdog role fully.
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