Corporate Social Responsibility - Hilton

Corporate Social Responsibility (CSR) is defined as the voluntary activities undertaken by a company to operate in an economic, social and environmentally sustainable manner.

Corporate Social Responsibility (CSR) encourages companies to take interest of all stakeholders into consideration during their decision-making process and not make their choices based solely upon the interest of their shareholders. By bring socially responsible, the company would make choices that protect social welfare which can have an impact on the buying decisions of the customers and building a reputation for the company as to whether the company is trustworthy or ethical.

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

Corporate social responsibility (CSR) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism that has business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. CSR is a process with the aim to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere who may also be considered stakeholders. CSR is titled to aid an organization's mission as well as a guide to what the company stands for and will uphold to its consumers. Development business ethics is one of the forms of applied ethics that examines

Corporate social responsibility (CSR) refers to business practices involving initiatives that benefit society (2). CSR may also be referred to as "corporate citizenship" and can involve incurring short-term cost that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change(1).

Corporate Social Responsibility: Corporate social responsibility is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism whereby businesses monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms.

Companies today are heavily influenced by the demands of customers and stakeholders. Corporate social responsibility (CSR) refers to the social and environmental responsibility policies and practices developed by an organization to increase its positive influence and reduce its negative activity towards society (Parks, 2008). The business approach and corporate philosophy of an organization is easily altered due to economic pressures, technological improvement and stakeholder needs and demands. "Going green" or being eco-friendly is one such demand. Environmental and sustainability concerns originate most often from governments, consumer activists, and the general public (Schlosser, 2008). Thus, organizations must implement sustainability into daily practices. In addition, sustainability alters the nature of competition and drives companies to think differently about products, processes, and technologies (Parks, 2008).

Every organized company worldwide should have among its structure, one planning and coordination division in which social and business goals are integrated. Corporate social responsibility (CSR) programs are necessary for commercial business as an element of risk management and represent an outstanding mechanism for the stakeholders to identify weaknesses when their own actions or others conduct in its operating environment generate social risk. (Kytle and Ruggie 2005).

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.

Corporate social responsibility(CSR) is an obligation to make choices and take actions that will contribute to the welfare and interests of society, not just the organization. Many businesses are started to create a better world by helping to have more focus on the effect of environment on society than generating money. The idea includes Conscious Capitalism, Sustainability, and Benefit Corporation. Conscious capitalism is the organizational policies and practices which help in enhancing the success of a company and improve the economic and social conditions of the communities in which the company operates. The concept is developing strategies to embrace the philosophy. It gives higher preference to communities, employees,customers,and suppliers

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 (CSR) is a term describing a company’s obligation to be accountable to all of its stakeholder in all its operation and activities. Socially responsible companies consider the full scope of their impact on communities and the environment when making decisions, balancing the needs of stakeholder with their need to make profit.

Corporate social responsibility is a form of corporate self-regulation integrated into a business model. CSR is a way to be responsible for the society, public and company themselves. The aim of CSR is to increase the profit and benefit for long term through public relations and hight ethical standards to decrease the risk. And gain the trust of shareholders and stakeholders . CSR encourages the enterprise to make a positive impact on the environment and to draw a good social image. Orange Business Services CSR demonstrate on these 4 parts: Green operator, Employer of choice, Committed operator and Reliable operator.

Corporate Social Responsibility is an initiative companies voluntarily follow to give back to the local and global community. CSR includes such causes as environmental conservation and sustainability, diversity and equal employment opportunity, and volunteer service projects and charitable giving. More companies now practice CSR because the public expects businesses to act responsibility.

Corporate Social Responsibility in other words called as corporate conscience, corporate citizenship is a form of corporate self-regulation formed into a business model. It functions as a self-regulatory mechanism whereas a business monitors and ensures its active compliance with the spirit of the law, ethical standards and international norms. In understanding corporate social responsibility we must first understand the idea of being responsible for society in which we live and work in. CSR as "A company’s sense of responsibility towards the community and environment. Companies express their citizenship through their waste and pollution reduction processes and by contributing educational and social programs and by earning adequate returns on the employed resources."