The Importance Of Social Responsibility

Corporate Social Responsibility is an important term that few know of. This term stands for everything that’s moral, from using less harmful chemicals in their products to protecting the rights of the workers and the society we live in. However, some companies do not live by this word. This, coupled with the massive amount of consumers buying their products, can cause a multitude of problems not only for the company workers, but to the world itself. As such, companies should become more aware of their effects on the world around them and change their moral responsibilities to treat their workers more humanely, protect the lives of the people in their towns, cities and countries and save the environment from further destruction and pollution.

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

or so many years our society has been thinking of forming new creative and innovative businesses, which would be more environmental and customer friendly. Nowadays a large number of different companies follow the social, ethical, as well as moral consequences when it comes to their decision making. One of the relatively new concepts involving economic and social concerns is Corporate Social Responsibility. Many of us apply this approach not only at work, but also in everyday life without even recognizing.

Corporate social responsibility “refers to business practices involving initiatives that benefit society” (Caramela, 2016). Categories of social responsibility can be environmental efforts, philanthropy, ethical labor practices, or volunteer work. Organizations need to be more socially responsibility than ever before in order for their businesses and the world to be able to have maximum sustainability. "Sustainability isn 't just important for people and the planet, but also is vital for business success… Communities are grappling with problems that are global in scope and structurally multifaceted — Ebola, persistent poverty, climate change. The business case for engaging in corporate social responsibility is clear and unmistakable” (Caramela, 2016). Corporate social responsibility is becoming a major priority for strategic development by corporations around the world. Management needs to take great care in understanding the relationship between the activities of their organizations, customers, the community, the government, the environment, and employees.

When an organization partakes in “proactive behavior…for the benefit of society,” it is deemed as socially responsible (P. 155). However, prior to labeling a organization as socially responsible, it is important that we first identify what specific elements of proactive behavior constitute a socially responsible business. To begin, for an organization to be considered socially responsible on the highest level, it must take a proactive approach to doing business. This is defined as “[taking a] approach to social responsibility in which an organization goes beyond industry norms to solve and prevent problems” (P.155). In addition, it is standard for a socially responsible organization to incorporate a larger scope of stakeholders, to include external stakeholders, in their business decisions to create positive externalities, and mitigate negative ones, to benefit society as a whole.

The expectation that businesses behave responsibly and positively contribute to society all while pursuing their economic goals is one that holds firm through all generations. Stakeholders, both market and nonmarket, expect businesses to be socially responsible. Many companies have responded to this by including this growing expectation as part of their overall business operations. There are companies in existence today whose sole purpose is to socially benefit society alongside businesses who simply combine social benefits with their economic goals as their company mission. These changes in societal expectations and thus company purpose we’ve seen in the business community over time often blurs the line of what it means to be socially

Corporate Social Responsibility is a philosophy that relates to a business being a part of the society, so acts in a way that not only advances its own firm but also serves the society as well. Good ethics is the cornerstone of sustainable development. In the long run, unethical behavior may harm customers and the society as a whole. Furthermore, it damages a company’s image, efficiency and effectiveness in operations. In some extreme cases, it may jeopardize the company’s survival. As a matter of fact, the behavior of a firm will be judged by the groups of the society. Their judgments and responses will have an impact on the performance of the

Corporate social responsibility is not going to solve the world’s problems. With that being said, corporate social responsibility is a way for companies to benefit themselves while also benefiting society. It allows companies to take small steps to make big differences in areas of need. Some may say that it is a bunch of “greenwashing” – the deceptive use of green marketing that promotes a misleading perception that a company’s policies, practices, products or services are environmentally friendly – but there is a call to action that inspires a company to get involved in the community (Kewalramani, Sobelsohn).

Being Socially Capable implies that individuals and associations must carry on morally and with affectability toward social, social, monetary and ecological issues. Taking a stab at social obligation helps people, associations and governments positively affect improvement, business and society with a constructive commitment to primary concern comes about. Social duty is essential to a business since it shows to both shoppers and the media that the organization appreciates more extensive social issues that have no immediate effect on net revenues. The companies can make a lot of different

The social responsibility of the American apparel industry covers responsible practices related to human rights, labor standards, and environmental sustainability. Some of the advantages of being socially responsible is higher revenue, customer loyalty, safe and happy laborers, and an overall healthy environment. Research conducted by Price Waterhouse Coopers found out after researching 1,000 retail companies 79 percent said that corporate social responsibility (CSR) was vital to the profitability and value of their company. Throughout the paper there will be a discussion of the advantages of being a socially responsible company. As well as the importance of

SC Johnson is a company based in the U.S.A. with approximately 13,000 employees globally. They sell products in virtually every country around the world and lead the market in manufacturing cleaning products and storage for the home. SC Johnson is a company who is dedicated to the communities in which they operate and also to their innovative, high-quality products. They recognize communication among Nations can become challenging. By recognizing and defining the language barriers among the various cultures, SC Johnson is able to easily overcome the challenge of language barriers and work diligently together globally to stay on top in the industry. SC Johnsons commitment to each country they

A company’s social responsibility is now a focus not only by investors but to consumers as well. Social responsibility is for organizations to behave ethically and show consideration regarding social, cultural, economic and environmental issues. (What is Social Responsibility? Why is it Important, 2008) Patagonia Outdoor Clothing takes this head on. When the company opened its first store in Boston, Massachusetts all of the employees were experiencing headaches. Upon a thorough investigation, it was discovered that their inventory of cotton based clothing in the basement was generating toxic fumes. They used conventional cotton, which is the use of insecticides and other chemicals to grow the cotton. This incidence led Patagonia Outdoor Clothing switch to the use of only organic

Sustainability can be defined as a long and creative process which creates positive and lasting results. Sustainability is a beneficial progress that consists of meeting people’s needs without conflicting the ability for future generations to meet their own needs. The change in resources will enhance both current and future generations to meet human needs. Sustainability is an important part that is presented in Ford’s overall image. At Ford, sustainability is a business model that involves long term conservation and enhances environmental, social and financial capital (“Sustainability Report”, 2014). There are three main reasons that explain how Ford is improving the importance of sustainability/social responsibility within their company compared to BMW.

Over the past few years, companies and businesses, have been concerned about how to keep and maintain a good brand image. This has been done through corporate social responsibility, which means contributing towards the society.

Corporate social responsibility has been one the key business buzz words of the 21st century. Consumers' discontent with the corporation has forced it to try and rectify its negative image by associating its name with good deeds. Social responsibility has become one of the corporation's most pressing issues, each company striving to outdo the next with its philanthropic image. People feel that the corporation has done great harm to both the environment and to society and that with all of its wealth and power, it should be leading the fight to save the Earth, to combat poverty and illness and etc. "Corporations are now expected to deliver the good, not just the goods; to pursue