Corporate Responsibility And Corporate Social Responsibility

1867 Words Dec 12th, 2016 8 Pages
Stevan Jakovljevic
Professor Laud
MGT 3550 Values, Ethics and Sustainability
Chapter 3: Define corporate responsibility (CSR). Describe the benefits. Why do some executives support CSR while others find it troublesome and argue against it? Corporate social responsibility is what a company uses to self-regulate itself and refers to business practices involving initiatives that benefit society. A business’s CSR can encompass a wide variety of tactics, from giving away a portion of a company’s proceeds to charity and implementing “greener” business operations. Companies use implement Corporate Social responsibilities for various reasons and this can be argued. Large corporations have a more reasons for CSR to protect their image Corporate social benefits also have many different benefits for the company. One of the primary reasons companies use CSR is to preserve the environment. Many large corporations have had bad track records in the past when it comes to pollution and a business no matter how large has a large carbon footprint. Even if the smallest amount of effort is used in order to reduce the amount of damage they do to the environment is good and that’s why we see CSR being implemented. For a long stretch of time companies in the United States of America have been destroying the earth slowly by cutting down forests, polluting water ways and disposing of garbage in large amounts in the ocean. Now that these companies have been under attack by the people and…
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