Corporate Responsibility And Corporate Social Responsibility Essay

Corporate Social Responsibility (CSR) encourages companies to take interest of all stakeholders into consideration during their decision-making process and not make their choices based solely upon the interest of their shareholders. By bring socially responsible, the company would make choices that protect social welfare which can have an impact on the buying decisions of the customers and building a reputation for the company as to whether the company is trustworthy or ethical.

CSR involves the company acting in a responsible manner. There is saying by Lord Holme and Richard Watts that states, “Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large.” There are many positive effects or benefits a company can receive if they perform CSR activities. Some of these effects include increased morale, commitment, and a better reputation. Companies may also receive some sort of financial benefit depending on their sales to consumers, who strongly value the Corporate Social Responsibility contributions. Although we know what Corporate Social Responsibility is, how exactly do we determine if the company is socially responsible? Well, ask yourself, “Is if good for the people? Is it good for the environment? Is it good for the business? These are all questions you should ask yourself in order to determine whether the company is socially responsible or

Once the company have agree on the idea of CSR program, the company should do it in way that make connection between  what a company can do for society, and how it will affect its business. When a company like Coca-Cola, for example, contributes $88 million annually in different CSR programs or when Microsoft donates almost $300 million annually to nongovernmental organizations around the world there have to be some good explanation on why they do this and how it help the company image and position in the world. Nike in the other had they realize after getting burned by bad publicity because of attack of negative press and large-scale protests from those who claimed its contract employees were paid low wages and working in dangerous conditions in overseas factories. They have to invest time and energy into their CSR programs to reduce the negative environmental impact.

Proponents of CSR would suggest a number of reasons why self interested corporations, seeking to solely to maximize profits are unable to advance the interests of society as a whole:

In the book Nicomachean Ethics, Aristotle uses his collection of lecture notes in order to establish the best way to live and acquire happiness. Aristotle says, “Virtue, then, is a state that decides consisting in a mean, the mean relative to us,.. .It is a mean between two vices, one of excess and one of deficiency.” The virtues that Aristotle speaks about in Nicomachean Ethics are: bravery, temperance, generosity, magnificence, magnanimity, and mildness. According to Aristotle, in order to live a happy life you must obtain these virtues and be morally good. Living a virtuous life is not an activity, but a predisposition. This means that you are genuinely inclined to act virtuously for the appropriate reasons.

The challenges or concerns that I have in my major (Fire Rescue) is how to work with people at a scene of an emergency such as fire, medical, rescues, and other type of situations that I have to face in my career. I would work around these issues and situations by being calm and understanding what that person is going through and what they are feeling on their situation that they have in their life. Also, I would help the person on what he or she needs help with and help them getting their medical situation under control. My research question will be, Am I college and career ready to be a

Controversy exists as to whether companies have a duty to recognize and fulfill their corporate social responsibility (CSR), or whether it is sufficient for them to discharge their business functions while complying with the law. The opponents of CSR argue that managers are custodians of shareholders' wealth and should only engage in business functions that they are qualified in, leaving social functions to be performed by the government. However, CSR has now become a strategic part of business activity because it enables companies to gain legitimacy and approval of the community to ensure their survival, while contributing towards profitability.

Corporate Social Responsibility (CSR) is something that affects all companies and should be an active factor in the company’s decision making. It is something all corporations need to care about. CSR is when business’ or corporations take part in an initiative or campaign for a cause that will benefit society and/or in some way make the world a better place (Taylor, 2015). Initially, Corporate Social Responsibility started to take shape around the 1950’s, but some say that it dates all the way back to the 1800s, the idea of CSR was seen (Carroll, 2007). One may think that because it is dated so long ago, it doesn’t have an important impact today nevertheless, it is proven that Corporate Social Responsibility is a pathway for entities to self benefit as they are in the process of benefitting society.

CSR plays a very important role in the sustainability of every department in the corporation including marketing and management. Corporations are very particular in maintaining a sustainable corporate socially responsible environment. While marketing a product they make sure that they endorse it in the right way as it is the responsibility of the company to provide the right facts of the product to the society. In the same manner with regards to Management corporations make sure that they are socially responsible.

There is currently a robust and ongoing debate about whether a companies, especially a publicly traded companies, only goal should be profit. Making money for the shareholders used to be what business was about. Now, more and more people are starting to believe that companies should pay more attention to social and environmental concerns that effect not just the shareholders, but the stakeholders and even society as a whole. The practice of Corporate Social Responsibility, or CSR, believes that everything cannot be left up to the market. The market exists to make profits at all costs. So, there needs to be a mechanism in place where social causes and the environment are taken care

Firstly, the corporate social responsibility (CSR) has been argued since the 1950s and the definition of CSR is continually changing. It also demonstrated as resolving social issues (Wood and Logsdon 2002). Because CSR is focusing on estimating the social economy, which depends

4. “CSR is only relevant for large private sector companies.” Critically discuss providing examples from SMEs, the public and civil sectors.

The purpose of this essay is to research the notion of CSR and uncover its true framework and outline what social responsibility truly means to corporate organisations, and whether it should be seriously considered to be a legitimate addition to the corporate framework of an organisation.

Today , many corporate organisations are practicing Corporate Social Responsibility (CSR) as part of their company objectives . Their goal is to not only make profit but also to make a contribution to the society . Corporate Social Responsibility (CSR) is practiced by a business organisation by contributing to the community and environment . It is a basic responsibility for each and everyone , not only a person but also a business organisation to behave ethically towards social and environmental issues .Nowadays , more and more business organisation are carrying out CSR policies. Corporate Social Responsibility should not be viewed as a cost because carefully implemented CSR can bring substantial amount of benefits to the business organisation .

Corporate Social Responsibility (CSR) is a concept companies utilize to decide voluntarily in contributing to a better and cleaner environment. Growing concerns by leaders has realized the importance of CSR to maximize optimal profits of their firms. Companies integrate social and environmental concerns in their business operations as well as with their stakeholders on a voluntary basis. Labbai, (2007) defines CSR as a continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society.