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Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship or responsible business) is a form of corporate self-regulation. What Is Social Responsibility? Tweet. We make a living by what we get, but we make a life by what we give.” – Winston Churchill. Being Socially Responsible means. Recently, I connected with dozens of corporate executives of large and small companies in an effort to understand the benefits of corporate social. The Social Responsibility of Business is to Increase its Profits Milton Friedman The New York Times Magazine September 13, 1970 When I hear businessmen speak.