Corporate Social Responsibility has Risen to Prominence Essay

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.

There is increasing pressure on organizations to make a POSITIVE contribution to society or reduce their NEGATIVE impact on society. Even around the world the governments are also moving towards the enforcement of certain parts of CSR. The most focused part of CSR is regards to the protection of the environment. Many businesses in the past have primarily concerned with increasing shareholders’ value. Shareholders are people who own a part of the business and share in its profits (G. Katherina. 2010). In big corporations, this could potentially include thousands of people who receive dividends and who hold shares in the business (Smallbizconnect. 2014).

On the other hand, small private companies are mostly too busy struggling with the myriad of problems (e.g.: ever changing government regulations, inflation, international sanctions,…) and do not perceive CSR as an essential part of the business.

In the article “Our Ability to Respond,” the author is critical of many Corporate Social Responsibility (CSR) programs. He/she states that even though specific projects show some improvement at the micro level, CSR has failed at the macro level proved by almost every indicators that relate to social, environmental and ethical health of our society. That is to say, CSR does not effectively assist us to get our communities and ecosystem better; instead, global challenges that we are confronted with are getting worse.

Corporate social responsibility (CSR) is a corporate initiative to assess and take responsibility for the company 's effects on the environment and impact on social welfare. CSR may also be referred to as "corporate citizenship" and can involve incurring short-term costs that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change.

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.

Corporate social responsibility (CSR) is the ethical behaviour of a company towards society it operates in. It is a commitment to the concern to the society’s sustainability & development.

In this book, Clane et al (2008) states why companies need the CSR strategy in many areas of their activity: increased social awareness, as a result of global warming; major disasters; social consciousness and media pressure. The book explores each of these factors and analyses how a business can overcome its weakness and create opportunities. This source explains the overall advantages to a business and it details the benefits of running a business. Furthermore, this source is highly influenced by a business’s social performance, purpose and adherence with Corporate Social Responsibility.

tries. Insights gained from discussions and surveys of SMEs in developed countries provide a broad understanding of the issue and possible lessons for developing countries. An October 2005 survey of more than 1,000 Danish SMEs revealed that ethical and moral considerations were the main reason for implementing CSR, although many SMEs are also motivated by aspects of the business case (improved company reputation, attracting and retaining employees, improving financial performance). Thirty six per cent of enterprises believe that CSR activities in general have a positive financial impact, while only 4 per cent are of the opinion that CSR activities in general have a negative financial impact. The relative importance of the impact on financial performance as a reason for engaging in CSR increased with the size of the company, which suggests that there may be important economies of scale in undertaking CSR investments (Kramer, Pfitzer and Lee, 2005).

CSR is about how a business takes account of its economic, social and environmental impacts in the way it operates – maximizing the benefits and minimizing the downsides. Corporate social responsibility (CSR) is the buzz phrase these days. Where previously formal CSR policies have been the domain of governments and multinationals, business people at all levels are becoming aware that they ignore their CSR responsibilities at their peril.

The first theme that identified focuses on why CSR is going to start in organizations and how it can be implemented. The main aspects for CSR are based on a moral values , a clear argument.

Corporate Social Responsibility (CSR) has been a relevant subject within businesses since the early 1980’s where the concept of managing an organisation with an ethical, trans-parent and humane framework, which is critical in the development and the sustainable growth of any company (Marrewijk, 2003).

Furthermore, the extent of CSR of a company may also depends on the nature of the company. If the company is selling products that are harmful to humans and environment, such as cigarette companies, wine-selling company, they should show a greater extent of CSR to the society. Three empirical studies deal with the effect of harmful products in relation to consumers. The first study claims that both product harm and target group vulnerability, affect the perceived level of company ethics. (Terije I. Vaaland and Morten Heide, Kjell Gronhaug, Jan 2007). So, these types of company should show greater CSR to the society. But for companies that are for the good sake of the society, they can put less efforts of CSR to the society, such as companies selling organic food, solar cars.

CSR have to enjoy an important position becoming an program involving the business plus the society. CSR must not be just as a voluntary motion used through the corporation; it should participate in the organization and should get presented functions using in the market toward Management and business Interpersonal Obligation. The actual institutional idea is just about the well-established concepts which has defined because “policy making emphasizes this formal and legitimate regarding authorities structures”. Institutional idea will allow for clasping much far more correctly regarding exactly what CSR in a clear institutional placing.

Most writers have made slightly different cases against CSR and its usefulness for modern business and society. One can see, even by looking at relevant case studies, that there are certainly a large amount of flaws involved in the concept of CRS and DWBD (Doing well by doing good), which I shall point out over the rest of this coursework. I shall also consider the positive aspects of CSR, I will explore the critical writings off Karnani, who claimed that in each case CSR is either irrelevant or ineffective, and compare those to other notable criticisms such as Reich and Visser who all analyse various faults with the concept of CSR.