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This view of Milton Friedman came to be referred to later as the classical theory of CSR (Bowie, ). The theory of corporate social responsibility (CSR) is best elucidated by the statement that a company should take a wider view of how its actions and success impact society and stakeholders.
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Apr 30, · 3. Corporate Social Responsibility Essay Corporate Social Responsibility - Words. CSR is an important consideration in operations management: Corporate social responsibility is the responsibility for businesses actions to be based on respect for people, the community and the broader environment.School essay on csr