Meaning of Business Citizenship

• Business citizenship is usually referred to as Corporate which means that all business companies need to be responsible and make meaningful contributions to society
• The goal is to produce high standards of living and quality of life for the communities that surround them and still maintain profitability for stakeholders
• Successful businesses establish a strong foundation of corporate citizenship by showing a commitment to act ethically, creating a balance between the needs of shareholders and the community and environment
• These practices help bring in consumers and establish brand and company loyalty
• It involves the social responsibility of businesses and the extent to which they meet legal, ethical, and economic responsibilities as established by shareholders