Corporate Social Responsibility

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

In my paper I will be discussing the topics related to corporate social responsibility. Corporate social responsibility (CSR, also called corporate responsibility, corporate citizenship, and responsible business) is a concept whereby organizations consider the interests of society by taking responsibility for the impact of their activities on customers, suppliers, employees, shareholders, communities and other stakeholders, as well as the environment. This obligation is seen to extend beyond the statutory obligation to comply with legislation and sees organizations voluntarily taking further steps to improve the quality of life for employees and their families as well as for the local community and

Lastly, Company Q decides to throw away food products, instead of donating it to the local food bank. Sadly, this behavior demonstrates a concern for profits before people attitude, which is socially irresponsible. Businesses can no longer ignore social issues because a business is a part of our society. For Company Q to become more socially responsible its sole objective must not only be to make a profit. But include concerns and responsibilities to the general welfare of the communities and societies in which they operate.

Corporate social responsibility (CSR) is a corporate initiative to assess and take responsibility for the company 's effects on the environment and impact on social welfare. CSR may also be referred to as "corporate citizenship" and can involve incurring short-term costs that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change.

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 the ethical behaviour of a company towards society it operates in. It is a commitment to the concern to the society’s sustainability & development.

To spend the firm’s money on matters of social responsibility, such as “reducing pollution beyond the amount that is in the best interests of the corporation or that is required by law” (Friedman) equates to spending the shareholders’ money, as it reduces the return on their investment. Thus, they make less of a profit than they maximally could. He argues that managers must prioritise their fiduciary obligations to shareholders – such as turning over a profit on their investment – over altruistic endeavors. Thus, he claims that failure to obey shareholders’ wishes by not maximises profits is to behave

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.

My analysis is that is in order to solve these social problems, the environment will need to be cleaner. Our organization would benefit by contributing to assist in correcting these issues. The company can use ethical decision making to secure the organization environmental responsibility. Decisions that would allow for government agencies to get involved with the organization. For instance if a company is proactive and follows the United States Environmental Protection Agency‎ guidelines for emissions on dangerous pollutants and even goes an extra step to get involved in the community and address those concerns that the public might have; they would be less likely to have the EPA investigate them for environmental concerns.(Corporate social responsibility, 2009).

Corporate social responsibility (CSR) is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large.

Self-interest – CSR critics argue that the only reason corporations put in place social projects is for the commercial benefit they see in raising their reputation with the public or with government. They suggest a number of reasons why self-interested corporations, solely seeking to maximize profits, are unable to advance the interests of society as a whole.

On the other hand companies are pressured from governments ,competitors, and employees to address the environmental, social, and issues such as climate change, obesity and human rights (Bonini, Timothy & Mirvis, 2009).

In a recent time companies are giving more attention to develop a CSR (Corporate Social Responsibility) and mainly their core values. Core values are used in marketing strategies (Berry, 1999) also in customer-retention management in order to create distinctive, long-lasting relationships with customers (Prahald and Ramaswamy, 2004; Normann, 2001) and stakeholders (Pruzan, 1998; Post et a, 2002). The interaction with a stakeholder and concerns a business operation use to understood CSR as the voluntary integration of environmental and social, but it has failed to discuss and analyse CSR explicitly from the perspective of stakeholders (Andriof et al,2002; Post et al,2002).

Corporate Social Responsibility (CSR) has the negative connotation of “putting in extra effort to make a difference”. However… when large companies such as Pick and Pay makes it their responsibility to give back to the community it has the ability to change the lives of everyday, struggling South Africans. CSR can be defined as management’s obligation to promote and protect the welfare of all stakeholders. (1) It is clear that Pick and Pay has chosen to make a difference in the community and support their stakeholders.

Everyone is aware of the problems we face in the world today. Many people view business as the being the problem opposed to the solution or at least a part of the problem in many of the social challenges in today’s society. When thinking about solutions we tend to think about them in terms of NGOs, government, and philanthropy. Non-profits have also been a common way to help a societal problem. However, this has been happening for years and the world is not making fast enough progress. There is a problem of scale and ultimately do not have enough resources to deal with all the social problems the world faces today. The idea was that businesses are the ones with all the resources and the ones that generate profit. However, businesses make profit by causing social problems, for example pollution. In today’s society businesses do not profit from creating social problems, they profit from solving them. For example, reducing pollution saves money, makes the business more productive and doesn’t waste resources. Businesses need to adapt to the issue of shared value and become socially responsible in order to survive in society.