The basic approaches of scientists and the essential characteristics of the concept of the social responsibility of business are analyzed in the article. The purpose of the study was to define the definition of «social responsibility of business» and to study the historical aspects of its formation. The initial theoretical provisions of the scientific support of the concept of social responsibility of business are determined. The theoretical aspects and thoughtful characteristics of the concept of the «social responsibility of business» and «corporate social responsibility» in economic science are highlighted and classification to the understanding of this concept was made. The international experience of conducting socially responsible business is analyzed. The evolution of the concept of social responsibility of business in Ukraine: from the beginning to the present is studied. The basic groups of theories formed by different scientists are highlighted. They characterize the whole variety of definitions of the concept of social responsibility. It is established that in the process of evolution of the concept of social responsibility of business the basic interpretations were formed, which are supplemented by those or other features considered by different authors as key parameters. However, in almost all approaches, social responsibility was seen as a practice with the help of which the company expands and improves the scope of its activities and makes a positive contribution to the development of society, going beyond the statutory limits. Differences in approaches to defining the essence of corporate social responsibility are explained by different local economic traditions, the scope and specifics of doing business, the size of the enterprise, the geographical region in which it operates, and, of course, time horizon. Among the features of the considered definitions of corporate social responsibility should be noted the voluntary nature of such activities, the focus on achieving business success, which does not contradict socially responsible goals. The author’s own definition of the system of social responsibility of business entities is offered. The number of specific features on which the socially responsible activity of business formations depends, were defined.
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