Corporate Social Responsibility

Pages 10 (2510 words)
Download 0
CSR enables the small and medium size organisations to engage in activities that constructively impact not only the customers and suppliers, but it works in those communities where even the interests of competitors, stakeholders and shareholders are protected…


Corporate Social Responsibility

Corporate Social Responsibility (CSR) is a concept adopted by organisations which escorts them to participate in activities beneficial for the society. All of these advantages and disadvantages, along with its structure and composition, are in part some of the cause for the differences in viewpoint on what social responsibility is, what it should be, what it should encompass, and what it should accomplish (Anderson, 1989, p. 5).

CSR at one end indicates those who strongly believe that organisations are in business solely to produce goods and services that societies want, be they life-saving devices, legal advice, or atomic weapons and that they are entitled to make a profit in return. Such people do not consider social responsibility as an issue. At the other end, there are those who believe that organisations should be allowed to do business only if they do no harm, help solve social problems, and put some of the profits they earn back to work for society (Sims, 2003, p. 45).

We can say that the concept of social responsibility is actually that of social responsiveness which is a continually evolving concept and means different things to different people. There is no particular definition of CSR, in fact numerous studies conducted since 1970s and 1980s attempted to relate CSR to various kinds of socially responsive activities which when presented before the business manager, measures and tabulates the relative frequency of response. ...
Download paper
Not exactly what you need?

Related papers

Corporate Social Responsibility Master Essay
Corporate Social Responsibility (CSR) is a phrase used regularly by companies when they attempt to assure people of their ethical intentions. The EU's report on 'Implementing the partnership for growth and jobs' defines CSR as:…
Corporate Social Responsibility Essay
Therefore there is a need for good corporate social responsibility toward the customer given the fact that the organization products or services are made for the consumption of the customers/public and in the even whereby the customer fails to consume the products, there is the danger of the organisation becoming irrelevant or redundant because it would no longer need to carry out any more…
Corporate Ethics & Corporate Social Responsibility
But the policy of the government to increase private participating in the education sector has set off a controversy with some sections of the society welcoming it while others have raised concerns over it. This paper is a study of corporate social responsibility in the context of increasing privatization of schools in the country. It also takes a look at whether education can be equated with…
Corporate Social Responsibility & Corporate Engagement
Corporate social responsibility, though very important, may rarely come without a serious concern for better financial performance or increased market share. In other words, studies reveal that managers are more likely to opt for investment in social ventures if they are certain of monetary gains. Since in most cases social responsibility is closely linked with better financial performance, thus…
Corporate Social Responsibility: Pressures
The challenges presented are a daily concern for those in charge of corporations. Indeed, corporate directors and officers can no longer concern themselves with simply maximising wealth for shareholders. Reacting to a variety of pressures, they must now account for broader social demands and sharpened public expectations. The field of Corporate Social Responsibility is now a fundamental one in the…
Corporate Social Responsibility
Corporate Social Responsibility …