In class we are learning about corporate social responsibility (or the lack of it in Enron's case). As this diagram shows, CSR is a form of corporate self-regulation included in the business model. CSR covers 3 main aspects; Social or community involvement, economic growth, and ecological / environmental action. It is of organisations best interest to embrace CSR practices, and for many reasons - one being customers will prefer you over competitors without CSR practices.
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These key skills that students attain through Business Studies will assist them in future studies and in life generally.