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Tag Definitions of Business Concepts

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In this category, you will find articles that give you definitions and explanations of various business concepts. That way, you too can explain Business Studies terminology with clarity and confidence.

If there is a definition that you feel is missing and you would like me to provide, simply drop me an email at nonjabulsa@gmail.com

Contemporary Socio-Economic Issues in South Africa

Definition of Socio-Economic Issues Socio-economic issues are problems that result from certain aspects in society and the economy. They have a negative influence on both communities and businesses. In South Africa, contemporary socio-economic issues include HIV/AIDS, poverty and unemployment. Businesses… Continue Reading →

Describe the Differences Between CSR and CSI

Definition of Corporate Social Responsibility Corporate Social Responsibility (CSR) is not a once-off project. Instead, it is an ethical approach that guides all the company’s decisions. It is a long-term commitment by the business, to manage its processes in a… Continue Reading →

What is a Stakeholder in Business?

Definition of Stakeholder What is a stakeholder? In business, a stakeholder is any individual, group or organisation that is influenced by (or influences) an organisation’s actions. They have an interest in the organisation and its performance. They can be within… Continue Reading →

Definition of Corporate Social Investment: CSI vs CSR

We are going to define Corporate Social Investment (CSI) and Corporate Social Responsibility (CSR). Then, we will compare the two, so that you clearly understand the difference between CSR and CSI. Definition of Corporate Social Responsibility (CSR) Deloitte describes CSR… Continue Reading →

Definition of CSR, Social Responsibility and Corporate Citizenship

Before we get into the definition of CSR, let’s start with a simple break down of the words in the term Corporate Social Responsibility:   Corporate        : Business Social               : The community and the environment Responsibility  : What you need… Continue Reading →

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