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Fostering Sustainable Development: A Corporate Social Responsibility Approach

Author

Listed:
  • Oluyomi A. Osobajo
  • Olushola E. Ajide
  • Afolabi Otitoju

Abstract

Corporate social responsibility (CSR) is the sacrificing of profits in the social interest of the public for sustainable management in an economical, ecological and social manner. It is the use of assets responsibly to create a competitive advantage and promote sustainable development. It is a series of interventions by companies to ameliorate externalized impact or the avoidance of conflicts. This article argues that CSR could be used as a tool for the attainment of sustainable development in the global south. Our aim is that companies should understand the critical role that CSR could play and adopt a corporate strategy that would use CSR to advance and enhance the value of the organization, thereby positively to impact the society.

Suggested Citation

  • Oluyomi A. Osobajo & Olushola E. Ajide & Afolabi Otitoju, 2020. "Fostering Sustainable Development: A Corporate Social Responsibility Approach," Journal of Management and Sustainability, Canadian Center of Science and Education, vol. 9(2), pages 1-62, March.
    • Handle: RePEc:ibn:jmsjnl:v:9:y:2020:i:2:p:62
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    References listed on IDEAS

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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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