Responsible Behavior of Business Approaches to Understand the Cooperation Between the Private and Public Sector
Abstract
This paper covers the key concepts of social responsibility, basic terms and approaches to the understanding of the content of corporate social responsibility. Moreover, the key principles and criteria of the socially responsible of company.
Paper covers the fundamental conceptual basis of the social responsibility and then discusses the most important five approaches of social responsibility. These approaches are defining the way companies are willing to function.
Moreover, the paper discusses increasing influence of the corporate sector in the national economy which is an important aspect in the socio-economic development. Thus, ensuring sustainable and balanced development is necessary between all economic actors.
In overall could be said that no matter what approach is chosen the goal should be long-term rather than short-term. In conclusion the list demonstrated the fundamental requirements or stakeholder expectation in order to be part of the society and develop competitiveness, in overall to have an inclusive economy.