Corporate Social Responsibility Essay

1334 Words6 Pages
The term Corporate Social Responsibility refers to a company’s responsibility to provide a benefit to the society the company affects. Corporate social responsibility incorporates dimensions of corporate responsibility, and corporate policy which include a company’s policy to hire minority or disabled workers, or taking a stance on social and political issues that benefit the community. The social portion of corporate social responsibility includes corporate charitable business contributions and expands on this common social business practice by invoking corporate social initiatives. For example, as a policy, Wal-Mart grocery store managers purchase as much produce and goods from local farmers and distributors they can as opposed to…show more content…
A company practicing corporate social responsibility has a greater chance of thriving within a community because of the benefits they provide to the community, while continuing to be profitable in their area of business.
There are times though, when corporations use social responsibility as a management fad or public relations ploy. For example, hot dog vending companies may package their hot dogs with labels stating their brand of hot dog is healthier than another when in truth the hot dogs are manufactured in the same plant, and are identical. There are corporations that also exploit the green movement by incorrectly labeling their products or putting green dots on aerosol cans to make them look green, when in fact chlorofluorocarbons have been banned in the U.S. since 1978, and no aerosols contain them. With all of this being said, corporate social and environmental responsibilities are more important today than they have ever been in the past, to benefit society and protect the environment. This is also true because of the interdependent and imperiled world we live in.
Business’s today are more interdependent on each other than they have ever been in the past. It is very common for corporations to outsource portions of its operations to other companies throughout the world. As these types of interdependent relationships increase, the relationships become more complicated, and the need for
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