Some argue that is actually in the long-term best interests of the corporation. This argument, referred to as , is based on the notion that socially responsible corporations benefit by creating for themselves, thus motivating consumers to purchase their products, investors to buy their stock, and lawmakers to grant them further legal advantages.

social responsibility; enlightened corporate self-interest; goodwill.

Explanation:

Corporate social responsibility (CSR) can be defined as a strategic management concept which typically involves socially contributing to the growth and development of the people, community and the world at large. Thus, it's an organization's obligation to act in a manner that benefits and adds significant value to the society, usually it has its business operations.

Some examples of CSR programs are building of roads, provision of electricity, water supply, establishing health care centers, awarding scholarships, etc.

A corporation can be defined as a corporate organization that has facilities and owns or controls assets used for the production of goods and services in at least one country other than its headquarter (home office) located in its home country.

Corporations can be sold to investors through stocks or shares, as a public entity. Thus, a company that engages in the sales of ownership shares to many investors is referred to as a corporation.

Actually, some economists argue that social responsibility is in the long-term best interests of any corporation that is engaged in it. This argument is simply referred to as enlightened corporate self-interest, posits that a corporation that is socially responsible benefit by creating goodwill for itself. Consequently, this would motivate consumers to purchase its products, investors to buy its stock, and lawmakers to grant the corporation further legal advantages.

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