Corporate Social Responsibility : A New Concept

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

or so many years our society has been thinking of forming new creative and innovative businesses, which would be more environmental and customer friendly. Nowadays a large number of different companies follow the social, ethical, as well as moral consequences when it comes to their decision making. One of the relatively new concepts involving economic and social concerns is Corporate Social Responsibility. Many of us apply this approach not only at work, but also in everyday life without even recognizing.

Firstly, I would like to explain what Corporate Social Responsibility is. “It is a company’s sense of responsibility towards the community and environment (both ecological and

Corporate Social Responsibility (CSR) is a very controversial topic. A question that has been debated for the past few decades is; is it corporately viable to introduce social responsibility as a proposed addition to the work ethic of business organisations. As well as, if adopting the framework of corporate social responsibility would yield positive improvements for those organisations.

Through these examples, it is clear that CSR can be embodied in a multitude of avenues affectively, and, that, constructive use of CSR has the potential to multiply throughout the respective industry that it is practiced in. 

Additionally, by practicing CSR, the internal wellbeing and job satisfaction of organisational members can also increase. Within Maslow’s hierarchy of needs (Maslow, 1943), the concept of ‘self-actualization’ (sic) and ‘self-transcendence’ is detailed as a human need to achieve goals outside oneself — an intrinsic desire to paint, create, innovate, and invent; therefore, it would be fair to suggest that figures in organisations who practice CSR have an easier time at fulfilling this step of the model. There’s also evidence revealing a positive correlation between organisational ethics and job satisfaction, indicating lower levels of Counterproductive work behaviours and absenteeism, and higher levels of Organisational citizenship (Viswesvaran, et al. 1998). Seemingly, as the company makes voluntary decisions for the better good, employees do the same. Furthermore, there’s also been findings showing that leaders of organisations can influence collective outcomes by supporting and acting out ethical behaviour (Koh, 2001). Meaning, people at the top of the organisation, can trickle down this ethical standard to create a culture that supports responsible behaviour. As in

Once a business realizes that it has gotten wrapped up in maximizing profit that it neglect ethics of care, the next step is to readjust and realign its core values internally and be more responsible to the environment in which they operate by showing societal care. Therefore, the aim of this report is to address the importance of realigning the business with ethics of care through involving in CSR activities, and as well as showing how these actions can impact on a company’s performance even if it may be demoralized in the society.

Corporate Social Responsibility are actions taken by a corporation that have positive and lasting impact for all stakeholders associated with the organization, seeking to strike a balance between profits and helping to establish lasting investment in the community (Carrol, 2015). In the 1980’s, then President Reagan challenged the business community to take on more responsibility to address social problems (Carrol, 2015). Socially responsible actions can benefit local communities as well as the greater societal good.

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.

Kent Rhodes (2006) talks about how “workplace spirituality has continued to gain acceptance as a topic of study in various schools around the country, presumably with applications to practice within organizations.” He also reveals how workplace spirituality has evolve and most textbooks now have sections dealing with the topic along with various groups such as the Academy of Management are offering specific interest groups dealing with spirituality (Rhodes 2006).

According to World Business Council for Sustainable Development, “Corporate social responsibility is the continuing commitment by business to contribute to economic development while improving the quality of life of the workforce and their families as well as of the community and society at large”. A social responsible company may be defined as a company which integrates and takes in active parts the social and environmental concerns of one’s community and society. Acting in a socially responsible manner is more then just an ethical duty for a company nowadays, it is something that essentially has long term interest in both the company and the community. The motive is to produce economic value for the company but as well for the society as

The following definition of corporate social responsibility describes, what is meant by this complex concept: “A company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates. Companies express this citizenship (1) through their waste and pollution reduction process, (2) by contributing educational and social programs, and (3) by earning adequate returns on the employed resources.” In other words, corporate social responsibility (CSR) has a particular strong influence on companies, to operate in a respectable manner, where working conditions for workforce and local communities of its location received a great deal of attention.

Corporate social responsibility is a commitment to improve community well-being through discretionary business practices and contribution of corporate resources. If you are employee in the company, it just likely that you are a manager or employee that have responsible for job scope. But, for corporate social responsiblility it is intended to make corporate managers, executives and the employess to work in surrounding of social issues and causes to support and making recommendations on which one to reject. The duty of every corporate management is to protect the welfare and interest of the society at large. Eventhough, earning profit, initiative fore welfare of the societ

After exploring the relationship between spirituality and religion, now leading to the clarity of how “spirituality” will be used here in this research, we need to consider focus on spirituality at workplace. Again there is lack of universal agreement over a single widely accepted definition on spirituality at workplace and this is partly why the topic is so fascinating as well as confusing. Although the research base in area of spirituality at workplace is not huge, there are a number of key articles that demonstrates the phenomenon of the concept of spirituality at workplace. Within the area of spirituality at workplace two major issues seem to evolve; first how spirituality/spirit in the workplace is defined and second, in which level does it occur (individual or communal/organisational)? These two emerging issues will be explored in this section in which some noteworthy empirical studies addressing spirituality at workplace will be reviewed.

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

Employees, as members of an organization, contribute a lot to the enterprise’s manufacture, management and profitability. Corporations’ CSR activities definitely have an enormous influence on the qualities of employees’ behaviors. (Nan, X. & Heo, K. 2007, p.65) Employees may react negatively when they perceive a corporate injustice because that implies a mismatching with their values and threatens their psychological demands. CSR activities on employees are consisted of many aspects, such as skill training, working condition, payment as well as health and safety. Every corporation has its own human and labor policies.