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Corporate Social Responsibility ( Csr ) Essay

Decent Essays

Businesses have a responsibility to give back to the customers they serve and the communities they operate in. Today, many organizations have realized the importance of corporate social responsibility (CSR) in response to consumers and stakeholders becoming more mindful of social issues. Corporate social responsibility has continued to change and grow. It can be difficult to define CSR because it takes on a variety of social, economic, political and environmental formats depending on the business. Corporate social responsibility in the broadest sense is viewed as for-profit organizations becoming ‘good corporate citizens’ (Salton & Jones, 2015).
Organizations that have a culture of corporate social responsibility have a unique competitive advantage with consumers and stakeholders. While there is an incentive for businesses to be socially responsible, most are unlikely to contribute to social issues that are controversial. In its onset, corporate social responsibility primarily was displayed in the form of donations to various issues. Businesses would tend to take on issues where they could provide an immediate short term impact. Lately, some businesses have implemented more complex models of CSR that aim to provide sustainable assistance to the needs that are most relevant to the community they serve. This change has many benefits for both the organization and the community. The organization benefits from investing in education, as an example because it potentially impacts

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