Corporate Social Responsibility
Introduction: Investment in human resourceA large part of educational services must consist of the development of human and labor resources. This is called investment in human capital because, in an economic sense, it is very much the same as investing in machines and other material capital. We need additional product output to more than repay the new investment costs. Similarly, it pays for an individual to invest in human capital – additional education – because the increase in education can increase the earning power of the person being educated by more than the cost of additional education.Investing in human capital is easier said than done. For those who have the financial and intellectual capabilities to invest, with the end in view of making money out of their investment, such an investment can be a worthwhile move. In contrast, to those who are poor and consequently, uneducated, this kind of investment will not be a wise choice. But if they are supported by generous donors, the poor who have potentials can make a difference.What is corporate social responsibility (CSR)?Corporations are now viewed as integral parts of society whose role is to help society develop which, in turn, insures to a great extent the long-term viability of the corporations. The values, visions, and strategic objectives of corporations should be compatible with those of society and the community. Hence, there must be congruence in purpose between and among these entities, not to mention the interests of stakeholders. In simple terms, this is the essence of …
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Publication information: Article title: Corporate Social Responsibility. Contributors: Not available. Newspaper title: Manila Bulletin. Publication date: April 11, 2009. Page number: Not available. © 2009 Manila Bulletin Publishing Corp. COPYRIGHT 2009 Gale Group.
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