CORPORATE SOCIAL RESPONSIBILITY IN LEGAL AND ECONOMIC CONDITIONS
CORPORATE SOCIAL RESPONSIBILITY IN LEGAL AND ECONOMIC CONDITIONS

Summary/Abstract: Corporate Social Resposibility (CSR) can be defined as a concept through which companies at the stage of building strategies voluntarily take into account the interests of society and environmental protection, as well as relations with different stakeholder groups. Being responsible does not only mean complying with all formal and legal requirements, but also increased investment in human resources, environmental protection and stakeholder relations, i.e. voluntary commitment. Social responsibility is the process by which companies manage their relationships with a variety of stakeholders who can have a real impact on their business success. Thus, it should be viewed as an investment rather than a cost, similar to quality management. The purpose of this article is to theoretically analyze the role and importance of the social responsibility of modern business in creating an inclusive role for society in the context of economic and social processes. This analysis was carried out on the basis of literature research, reports, analyses and expert opinions of national and international institutions. Induction was used as the main research method. It consists in drawing general conclusions or establishing regularities on the basis of analysis of empirically established phenomena and processes. It is a type of inference based on details about the general properties of a phenomenon or object. Inductive methods include the various types of analysis of public and private institutions (including consulting forms), expert opinions, statistical data and scientific documents (scientific articles and monographs) used in social research, which were examined for the purpose of this study.

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