MODERN MANAGEMENT 1.Fundamentals of corporate social responsibility "The term social responsibility means different things to different people. Corporate social responsibility is the managerial obligation to take action that protects and improves both the welfare of society as a whole and the interests of the organization. The following sections present the fundamentals of social responsibility of businesses by discussing these topics: 1.The Davis Model of corporate social responsibility 2.Areas of corporate social responsibility "3.Varying opinions on social responsibility 4.Conclusions about the performance of social responsibility activities by business Modern management 1. Fundamentals of corporate social responsibility ▪ The term social responsibility means different things to different people. ▪ Corporate social responsibility is the managerial obligation to take action that protects and improves both the welfare of society as a whole and the interests of the organization. ▪ The following sections present the fundamentals of social responsibility of businesses by discussing these topics: ▪ 1. The Davis Model of corporate social responsibility ▪ 2. Areas of corporate social responsibility ▪ 3. Varying opinions on social responsibility ▪ 4. Conclusions about the performance of social responsibility activities by business