Corporate Social Responsibility

In my paper I will be discussing the topics related to corporate social responsibility. Corporate social responsibility (CSR, also called corporate responsibility, corporate citizenship, and responsible business) is a concept whereby organizations consider the interests of society by taking responsibility for the impact of their activities on customers, suppliers, employees, shareholders, communities and other stakeholders, as well as the environment. This obligation is seen to extend beyond the statutory obligation to comply with legislation and sees organizations voluntarily taking further steps to improve the quality of life for employees and their families as well as for the local community and

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.

Continuous changes in the world’s economy have forced companies to go beyond their commercial purposes and pay attention to the importance of social actions. One of the first scholars to initiate the requirement of social initiatives for corporate enterprises was Bowen (1953). He argued that businessmen should aim broader than just maximizing profits for shareholders and should contribute to the society as well (Carroll, 1999). Eventually, more scholars performed research on a firm’s corporate social responsibility (CSR) and tried to define this new insight. A few decades later, Elkington (1997) introduced the term ‘Triple Bottom Line” (Carroll, 1999). He referred to three dimensions that could be impacted by a company’s system and policy,

Social responsibility is important in a company’s operations with companies being expected to be responsible to the society in their operations. However, the culture at

The founders’ belief in social responsibility has not only earned them the brand loyalty of the socially aware ‘baby-boomer’ generation, it also has saved the company a lot of money by providing free marketing through media coverage of social events.

On the other hand companies are pressured from governments ,competitors, and employees to address the environmental, social, and issues such as climate change, obesity and human rights (Bonini, Timothy & Mirvis, 2009).

Company X is a plastic injection molding manufacturer located in Highland, Michigan. The company had started in 2005 and survived the hard economic times. Company X started out by first doing applique and added 6 months ago injection molding. There are two owners, and there are less than 75 employees. Every company small or large should take social responsibility.

In recent years, Corporate and Social Responsibility has become an ever increasing concern and source of community debate. It is now socially accepted that corporations have some ongoing responsibility, though sometimes ignored, to set a good example, make decisions based on social good and on ensuring positive environmental practices.

CORPORATE SOCIAL RESPONSIBILITY (CSR) is a term describing a company’s obligation to be accountable to all of its stakeholder in all its operation and activities. Socially responsible companies consider the full scope of their impact on communities and the environment when making decisions, balancing the needs of stakeholder with their need to make profit.

Fairness: we aim to make the world better starting with creating a diverse cultural atmosphere in the work environment. We try to create a professional and safe interaction between employees and customers. We also use our CSR project to make the world better for the disadvantaged starting with feeding the children and giving them hope. The children are the future leaders of South Africa and it is important to start caring for them and building them up to be good

The purpose is to highlight the complexities in operating a company in a socially responsible manner while remaining profitable. In addition, outlining key areas essential to meeting evolving needs of stakeholders. Corporate Social Responsibilities (CSR) is broken down into four responsibilities: economic, ethical, legal, and philanthropic. (Carroll & Buchholtz, 34) Moreover, companies’ responsibilities are evolving in regards to society and the global industry as a whole.

general, there is a need to allow space within the SR agenda for such noncore

When we place our first step into the world of business, we have heard businessmen speak expressively about the aim of the company is to make profit and not to address social responsibilities. This is only certain truth to this statement as the world we live in now is evolving. People in the current era are more concern about social responsibility especially with corporations and their behaviours and plans. There is an increasing demand on businesses to have a “social conscience” and taking serious responsibility for providing employment, eliminating discrimination, ethical working environment and whatever else is related to having a “social conscience”.

Many large corporations are taking corporate social responsibility into account and making it a part of their everyday schedule. Over the past decades, there have been increasing concerns for general society that many businesses have little concern for the consumer and they care nothing about the deteriorating social order. But these days’ companies are encouraging employees to volunteer and make a difference in surrounding communities. In this way they are supporting and improving the quality of life and enhancing the vitality of the communities in which they operate. There are many organizations that are encompassing CSR into their plan of action and also they are making new policies that can be beneficial for society. There are so many ways to incorporate corporate social responsibilities into business modules such as health, education, environment and helping in natural disaster.

The United Nations Industrial Development Organization(UNIDO) defines ‘Corporate Social Responsibility’(CSR) as “a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders”. The term is explained through a “Triple-Bottom-Line Approach” as being the way through which a company achieves a balance of economic, environmental and social imperatives (“Triple-Bottom-Line”) while at the same time addressing the expectations of shareholders and stakeholders (Elkington, 1997). This approach assumes a very significant light in today’s dynamic world where every aspect of life is inter-connected in a very mysterious fabric, where the alteration of one can affect the others in ways beyond comprehension. Corporate Social Responsibility, both as a term and concept, started becoming popular in the 1960s, when industrialization which sprouted in the Industrial Revolution was fixating its roots all across the world. Industrialization can be defined as the “period of social and economic change that transforms a human group from an agrarian society into an industrial one”. Just like the correlation and dependence of the various aspects of life with each other, it is seen that CSR and Industrialization shared their space of mutual effects as well.