Practical Importance of CSR in Cross-sector Cooperation

Abstract

Changing conditions in the business environment forcing the organizations apply the concept of corporate social responsibility, which represents the potential of enhancing the partnership between the business community and other sectors. This collaboration brings to the participating groups positive synergistic effect. Introduction of this contribution provides an overview of the latest world's knowledge of behavior socially responsible organizations and their cooperation with the third sector. The article further describes synergistic effect of CSR, which results by the close cooperation the stakeholders of the real corporate company in the Slovak and international business environment. From the pillars, on which is built the business concept of CSR, the contribution stresses mainly social pillar and also brings specific knowledge and practical examples that confirm the mutual benefit of CSR for business, stakeholders from the third sector, thus contributing to the stability of the common business environment and society.