The Conception Of Corporate Social Responsibility

Social responsibility is generally regarded as a duty of an organization’s management towards the benefit and well-being of the society in which it is engaged. The organization must behave ethically considering the social, cultural, economic and environmental issues.

Firstly, I would like to explain what Corporate Social Responsibility is. “It is a company’s sense of responsibility towards the community and environment (both ecological and

Corporate Social Responsibility are actions taken by a corporation that have positive and lasting impact for all stakeholders associated with the organization, seeking to strike a balance between profits and helping to establish lasting investment in the community (Carrol, 2015). In the 1980’s, then President Reagan challenged the business community to take on more responsibility to address social problems (Carrol, 2015). Socially responsible actions can benefit local communities as well as the greater societal good.

The Business Dictionary defines social responsibility as, " A company's sense of responsibility toward the

Social responsibility is built on a system of ethics, in which decisions and actions must be ethically validated before proceeding. If the action or decision causes harm to society or the environment then it would be considered to be socially irresponsible. Being socially responsible means that people and organization must behave ethically and sensitivity towards, social, cultural, economic, and environmental issues. Striving for social responsibility helps individuals, organization and government to have a positive impact on development, business and society. Often, the ethical implication of decision/action are overlooked for personal gain and the benefits are usually material. This frequently manifest itself in companies that

Corporate social responsibility is a commitment to improve community well-being through discretionary business practices and contribution of corporate resources. If you are employee in the company, it just likely that you are a manager or employee that have responsible for job scope. But, for corporate social responsiblility it is intended to make corporate managers, executives and the employess to work in surrounding of social issues and causes to support and making recommendations on which one to reject. The duty of every corporate management is to protect the welfare and interest of the society at large. Eventhough, earning profit, initiative fore welfare of the societ

Social Responsibility has multiple definitions as to what the concept is but, by its most basic definition, it is the practice of producing goods or services in a way that is not harmful to society or the environment by an entity. In other words, people are expected to compose choices that will have a positive impact on the society that they reside in. When it comes to Corporations and other organizations and businesses, there is another term that is used, which is Corporate Social Responsibility (CSR). CSR implies that businesses must craft decisions that are positive to the society that they reside in. That includes social issues, environment issues, economic issues, or cultural issues.

Corporate Social Responsibility is the continuing assurance by the business world to contribute to economic progress while improving the quality of life of the employees and their families as well as of the local commune and society at large. Different organizations made various definitions, although there is considerable common opinion between them. Corporate Social Responsibility is, how organizations manage the business plans to produce an overall constructive impact on society. It is essentially a concept where organizations decide to contribute voluntarily to a better society and a cleaner environment. Organizations consider themselves as an essential part of the society and act in a socially responsible way. Earlier it was viewed as a philanthropic activity but it is now viewed to be an inclusive, broad, diverse and integral part of business strategy to reduce the business risks related to uncertainty.

The concept of social responsibility likely has its roots in the Puritans and Quakers teachings of the 16th and 17th centuries. Puritans characterized humanity negatively, believing humankind to be hopelessly sinful. Quakers held a positive view, believing that of there is God (good) inside everyone. According to Heald [1970], corporate managements began to demonstrate social responsibility by considering community welfare as a whole in their goals to maximize profits and shareholders value. Shareholder response to social responsibility became more prominent during the 1980s. Broyles [1998] highlighted the role of shareholder activism, which was responsible for ending U.S. corporations’ involvement in South Africa during Apartheid. As a result, many management teams incorporated corporate social responsibility (CSR) into their management philosophy. At the time, CSR’s benefit to shareholders was debated widely. Those against CSR, used agency theory and the statement by Friedman [1970] which argues that the only social responsibility of business is to increase its profits, known commonly as the shareholder model of business. For investors, CSR can be viewed either through a Puritan or a Quaker lens. They can invest in firms that promote social responsibility (a Quaker approach) or divest in firms that are socially irresponsible (a Puritanical approach). Initially, religious organizations began to shun investing in corporations whose businesses involved

Social responsibility is an ethical ideology or theory by an organization or individual, has an obligation to act to benefit society at large. Social responsibility is a duty every individual or organization has to perform so as to maintain a balance between the economy and the ecosystem. A trade-off always exists between economic development, in the material sense, and the welfare of the society and environment. Social responsibility means sustaining the equilibrium between the two. It pertains not only to business organizations but also to everyone who’s any action impacts the environment. This responsibility can be passive, by avoiding engaging in socially harmful acts, or active, by performing activities that directly advance social goals.

What many organizations learn today is that forward-looking innovation and competitive advantage can be obtained from intertwining social, as well as, environmental considerations into business from the very beginning. Through this process, businesses can come up with the next generation of ideas, employees and markets. Therefore, corporate social responsibility is a commitment to improve public welfare through flexible business practices, along with contributions of corporate resources. Corporate social responsibility is all about ethical values and acquiescence with legal requirements, which go hand in hand with respect for the community, the environment and the people. To the extent that a business is concerned, social corporate responsibility is corporate citizenship. In this context, a business needs to be a good neighbor to the people, the environment and the community. An organization should be socially responsible within its host community (Cramer & Bergmans 2003, p. 142).

The perceptivity of sustainability is both in the sense of achieving long-term success and as survivability of a corporation (Zink, Steimle & Fischer 2008). Dunphy, Griffiths and Benn (2003) conceive corporations as channels of social purpose, constructed within society to attain useful social objectives. Henceforth, corporate social responsibility commits a significant role towards the sustainability of corporations. Both corporate social responsibilities and sustainability, and its related concepts influence all aspects of business. Chandler and Werther (2010) acknowledge the understanding of corporate social responsibilities as an

Corporate social responsibility is a business in an ethical and participates development of the economy or how to help expand the business in the community using the Import into the business in the society at the same time helps to develop the employees and their families and sustainability in their life. Social responsibility will help create stability of the business and increase reliability of the business. Corporate social responsibility is the difference between the factors in the process to help

Corporate Social Responsibility is define as intended actions of an organization that changes its company process to operate in an society, environmentally and feasible way which affect the community development and human rights.

Do all fashion supply chains view corporate social responsibility the same across the globe? What do consumers and suppliers think about corporate social responsibility? What might suppliers gain by implementing socially responsible practices? These are merely a few questions in need of consideration in order for the concept of social responsibility to be addressed across the European fashion retailers.