Corporate social responsibility as a new development trend of Chinese business management

Abstract

The concept of «Corporate Social Responsibility (CSR) emphasizes that companies should balance their stakeholders such as employees, customers, suppliers, the environment and communities while maximizing profits. With the advance of economic globalization and the emergence of new social problems caused by it, corporate social responsibility gradually became a global movement. As a kind of strategic thinking and management mode of company management system, corporate social responsibility has been paid more and more attention by the business community. Due to various reasons, the practice of CSR implementation in China started late. However, China also attaches more and more importance to the significance of corporate social responsibility for the company and social economic development. A series of relevant laws and regulations have been promulgated in China. It can be said that corporate social responsibility has become a new and important challenge and development trend of Chinese business management