Corporate Social Responsibility : Csr

1988 Words Dec 7th, 2016 8 Pages
Corporate Social Responsibility (CSR) in its most simple of terms is a vision. More specifically, it is a vision that in a way almost minimizes what may be better for a company’s shareholders and investors, and increases its focus on things including the environment, its employees, its role in benefiting the surrounding communities and society, and more importantly making sure that we can continue to grow, thrive, and be self-sustaining. In short, it is a business model that puts an emphasis on the future over its profits. CSR comes from an evolving view that current and future generations deem it unacceptable for businesses and corporations to conduct business under a blanket of secrecy. All the written, and unwritten laws concerning competition as well as sustainability are being rewritten.
There are numerous factors that are pushing businesses to adopt some sort of CSR model including, but not limited to the shrinking role of government, demands for greater disclosure, increased customer interest, competitive labor markets, and lastly, supplier relations (Corporate Social Responsibility, 2013). Despite the potential costs, frustrations, additional work and preplanning of a business adopting a CSR model, it is not without potential rewards that positively impact the company the environment, and our community. Some ways that an individual business may benefit are through increased workforce diversity, increased customer loyalty, and the ability to attract and retain…
Open Document