Corporate Social Responsibility Essay

Corporate social responsibility (CSR) is a term used to describe a company’s efforts to improve society in a certain way. These efforts range from donating money to an organization such as a nonprofit organization, to implementing environmentally friendly policies in the workplace. This idea is not required for companies; instead it is something that companies do to improve their communities. The way companies practice CSR is different from company to company, and some companies may not even practice it at all.

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

On businessnewsdaily.com, Sammi Caramela defines corporate social responsibility as corporate initiatives that have beneficial outcomes for society. (Caramela, June 27, 2016). These initiatives fall into a broad range of categories such as ethical practices in labor, volunteerism, philanthropy and environmental responsibility. There are many ways, within these broad areas, where a company has the ability to have a positive impact. Not only do these programs benefit others, they also benefit the company as well. Good corporate social responsibility programs help increase the reputation and trustworthiness of the companies with established

Corporate social responsibility (CSR) is a way for companies to give back to society. There are many ways companies can implement CSR; for example, doing volunteer work, environmental sustainability initiatives, or charitable donations. When companies take on certain programs to help the community it can be a financial cost, but the

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 according to Henderson (2001) can be defined as the commitment of organizations to help society by improving working and living conditions of employees, their families, and the community as a whole.

To understand the future of Corporate Social Responsibility I think it is necessary to look back at the genesis of corporations. Originally started in 17th century Europe, corporations were sanctioned by monarchs (what we might call “the state” today), granting them the privilege to formally exist, typically to finance a trade mission. The corporation was made up of investors who limited their liability to the amount of their investment. In return for the privilege of forming the corporation, they would further the cause of the state and share a portion of the financial rewards back with the monarchy. Corporations extracted wealth from foreign lands and dominated trade with the support of the state, mutually benefiting the corporation and the nation where they served.

The global electronics industry comprises of many partners that make up a complex international supply chain. Due to globalisation, TNCs have set up subsidiaries that operate in under developed foreign countries like Asia. They operate in the areas of manufacturing of components for computers, assembly, contractors, suppliers, software, technical

The Warehouse Group Ltd is a typical half-hearted company that does not do what it preaches in the area of Corporate Social Responsibility. From the Warehouse Annual Report and Social and Environment Report 2009, I found that the company is not only focusing on its financial performance, but also on social and environmental external effects. A critical analysis of this reporting practice suggests that the Warehouse is not truly responsible socially and environmentally but more a public relation exercise of the company.

Last spring, I worked for Special Olympics New York as an office volunteer, assisting with the preparation of the incoming Game and recording volunteer information. When examining the sign-up information for volunteers, I found it impressive, seeing numerous private company groups in the New York State register as volunteer groups and some of them had done such work for many years. When talking about the reasons for their actions, many companies considered that their volunteer behaviors would not only build employee solidarity but also demonstrate their care about disabled groups. This realization stimulated my interests in the corporate volunteerism, the idea of social corporate responsibility, and the often ongoing relationships between for-profit corporations and non-profit organizations. Building on this experience, I decided to examine this topic as a senior thesis for my sociology major thesis project. This project is expected to last for six months and recently, I have already begun a preliminary literature review by reviewing previous academic research in corporate social responsibility. In my thesis, I primarily focus on questions like how do firms and nonprofits collaborate and maintain social networks for mutual benefit, why is corporate social responsibility an important mission for private companies, as well as how does it influence a company’s financial performance, employee selection and performance, and corporate reputation.

When companies or corporations exceed national lines of the country that their headquarter is in this can be known as going “global,” and a corporation in this situation can be known as a Multinational corporation. This can complicate the ability to manage, due to the diversity of cultures, geographic locations, and many other circumstances that are inherent with these types of corporations. In this occurrence, it is important to have a global mindset. This mindset is simply the ability to appreciate and influence individuals of different cultures, organizations, levels of education, or any other diversity of differences. This mindset deems it necessary for corporations in this situation to have a strategy in developing positive public

It is obvious that people have become more conscious of the ethical and social responsibilities of business over recent decades, suggesting that the modern businesspeople should not only consider about profitability but also extent to what they can contribute to the whole society. A quote by Anita Roddick generally demonstrates the spirit of being ethically and socially responsible: “The business of business should not be about money. It should be about responsibility. It should be about public good, not private greed.” With the increasing significance of the harmonization of society, the view about whether businesses should be responsible for both ethics and society has been sparked off a heated discussion. From some people’s perspective,

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

Company sociable obligation in order to act ethically in order to your neighborhood group in addition to modern society in particular, in addition to strengthen the quality of lifetime from the labor force in addition to their families following the organization persists accomplishing this connected with monetary advancement. His or her cash flow through corporations should never merely think about his or her product in addition to companies advancement, but in addition which they 're able to consider the sociable rewards. Many ideas get told CSR through corporations in addition to companies at the moment are looking to budget for his or her time in the direction of CSR research.

The 21st century has led to businesses having more Corporate Social responsibility (CSR) than before. CSR will help businesses to add value to their company. A business should know the importance of the value chain along with using CSR and not just look at profits. Customers like to do business with companies that are responsible inside and outside of an organization. When business fail with using CSR they will lose customers because customers like to do business with responsible businesses that show corporate social responsibility.