Communication System And Corporate Social Responsibility Essay

Businesses, specifically larger corporations, play a major role in what occurs in society therefore, they are responsible to their stakeholders not only to pursue economic goals but the greater social good as well. Corporate social responsibility (CSR) means that a corporation should act in a way that enhances society and its inhabitants and be held accountable for any of its actions that affect people, their communities, and their environment. (Lawrence, 2010). Social responsibility is becoming the norm so much so that some businesses have incorporated it into their business model. There are three components of the bottom line of social

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.

The concept of Corporate Social Responsibility is a relatively new in the management field and there is no single definition of it since everyone’s interpretation of the term is different. “Corporate Social Responsibility means something, but not always the same thing to everybody.” (Votaw, 1972, p.25) and from my understanding of the concept, CSR to me is “The voluntary business activities within the boundary of law that contributes to the wider community for a more sustainable environment”. Since everyone has a unique interpretation of CSR, the range of relevant CSR practices across businesses has been quite diverse as there is no such thing as features of CSR (Marcel van Marrewijk, 2003). Rising environmental and social concerns in

Today when competition has reached its peak, anything that gives competitive advantage is a matter of concern for the corporations. In such a situation, when businesses have realized that they owe something back to the society and nature, corporate social responsibility (CSR) has become a priority on the agenda of the corporations. Giving back to the society and conserving the natural resources for a better future leads to the sustainable development in and around the

Corporate social responsibility has been one the key business buzz words of the 21st century. Consumers' discontent with the corporation has forced it to try and rectify its negative image by associating its name with good deeds. Social responsibility has become one of the corporation's most pressing issues, each company striving to outdo the next with its philanthropic image. People feel that the corporation has done great harm to both the environment and to society and that with all of its wealth and power, it should be leading the fight to save the Earth, to combat poverty and illness and etc. "Corporations are now expected to deliver the good, not just the goods; to pursue

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 brings a new perspective to the societal role of enterprise, while recognizing the relationship between profitability, ethical and environmental standards of the company. The position of companies in society is a subject of constant change. People today do not perceive the company only as producers or suppliers of the products that reach only for maximizing profits, but they assume that the company will meet the requirements of the other areas as well, such as the legal environment and that it will support development of other activities beneficial for the society.

According to which business houses are looked upon as trustees of the resources which they draw from the society and are expected to return them back to the society in various forms. CSR is an extremely important concept for sustainable development of all stakeholders which includes all the people on whom the business has an impact particularly the society at large. Critics argue that CSR distract the companies from the economic role and dwindles their progress report, however the importance of CSR cannot be undermined. With the amendments of the companies act,Section 135 of the Companies Act, 2013 contains provisions exclusively dealing with Corporate Social Responsibility. Where in the meaning of “Corporate Social Responsibility (CSR)” has been defined very clearly. A new provision relating to Corporate Social Responsibility has been introduces with the Act which provides that every company having specifies net worth or turnover or net profit during any financial year shall constitute the Corporate Social Responsibility (CSR) Committee of it’s Board of Directors to formulate policies for the activities specified for the social and economic welfare of the people, particularly those who have remained deprived or neglected so

The theory of corporate social responsibility (CSR) is best elucidated by the statement that a company should take a wider view of how its actions and success impact society and stakeholders. CSR identifies that "doing well" and "doing good" go hand in hand. (Leadership and CSR: a Perfect Match). A commonly used definition provided by the World Business Council for Sustainable Developement states that CSR is "Continuing commitment by a business to behave ethically, and contribute to economic developement, while improving the quality of life of the workforce and their families as well as local communities and society at large".

Corporate Social Responsibility (CSR) is a model for incorporating ethical trade into their business models in order to benefits society. Corporate social responsibility is a term which develops “corporate culture”. Corporation incorporated each area into their business models as well as culture. It could be argued that companies have an ethical and moral obligation to help different communities that they operate and provide some advantages to employees. However, other experts argue that the main aim of business is only make money. But nowadays many business leaders and governments are focusing more and more on the concept of “Corporate Social Responsibility”. Corporate social responsibility does not mean just taking part on top of

Corporate social responsibility is no longer a new term for now business. More and more businesses and individuals began to focus on corporate social responsibility, such as specifying corporate social responsibility strategy, the implementation of corporate social responsibility programs, corporate social responsibility published annual report and listing. At the same time, more and more disciplines of Financial Accounting and Reporting has evolved in corporate social responsibility analysis system incorporate non-financial elements, such as carbon emissions, water usage and so on. However, a topic about corporate culture had become more prominent after 2001, when the Enron financial fraud scandal broke

The aim of this research study is to analyze corporate social responsibility and its application in the business. Additionally, to address this aim, the chosen objectives that will be fulfilled for the research are:

Corporate Social Responsibility can be defined as a company’s responsibility to ensure ethical business behavior, contribution to the economic development of a country, improve the lifestyle of its own workforce and their family members, betterment of local community and overall society. It is some small amount of cost done by the company which effect can’t be seen in the present but in long term it promotes positive image for the company. Successful CSR program can take a company beyond government regulation and legislation. It is a sustainable program which a company can easily run with its other activities. It mainly defines areas of concerns and initiatives which can improve the relationship of customers, shareholders, suppliers, competitors and other stakeholders with the company.CSR helps to achieve organization’s objectives and guide a company toward what the company stands for and how it satisfy its consumers. CSR can also define in three words that are People, Planet and Profit. People represent fair labor practice and betterment of the community where it operates. Planet represent environment friendly business practice and last of all Profit refers to organization’s economic value created after deduction of all the costs from the revenue including capital costs. Now a day CSR is regarded as a tool for building brand equity through customer loyalty based on distinctive ethical values. CSR is also criticized by some critics. According to their

Corporate Social Responsibility (CSR), defined as “the broad array of strategies and operating practices that a company develops in its effects to deal with and create relationships with it numerous stakeholders and the natural environment” (Waddock, 2004). Globalization and liberalization has reinforced with the introduction of corporate social responsibility, Developing countries need to focus more about the corporate social responsibility planning and implementation process (Kiran and Sharma, 2011). Corporate social responsibility is one of the most important issues and developments of 21st century

When analysing corporate social responsibility (CSR) it’s a concepts of business practice which involving initiatives that benefits society that business operating in. In terms of business practices in the financial industry CSR contributes to sustainable development by delivering economic, social and environment benefits for all stakeholders within the company. CSR is a very broad concept where it address many topic such as economic development, human rights and environmental effects. With current issues that happening in the world CSR specially address the economic