Corporate Social Responsibility
Living Dangerously in Two Worlds
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 society at large. In order to fully explain how a company does this I will discuss the development required, the approaches a company will take, the auditing and reporting process, the business benefits, critical analysis, and the reasons that drive a company to take such actions.
The practice of CSR is subject to much debate and criticism. Proponents argue that there is a strong business case for CSR, in that corporations benefit in multiple ways by operating with a perspective broader and longer than their own immediate, short-term profits. Critics argue that CSR distracts from the fundamental economic role of businesses; others argue that it is nothing more than superficial window-dressing; still others argue that it is an attempt to pre-empt the role of governments as a watchdog over powerful multinational corporations.
Also the company spends a huge sum of money to create a good image to the public. It is looked at, as a step to further there company and not in reality to truly take the corporations responsibilities and try and help the environment. In other aspects that is what a company is; a company exists too solely to generate a profit and must go as far a spending a gigantic sum of money to better the image of a company.
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 society at large. In order to fully explain how a company does this I will discuss the development required, the approaches a company will take, the auditing and reporting process, the business benefits, critical analysis, and the reasons that drive a company to take such actions.
The practice of CSR is subject to much debate and criticism. Proponents argue that there is a strong business case for CSR, in that corporations benefit in multiple ways by operating with a perspective broader and longer than their own immediate, short-term profits. Critics argue that CSR distracts from the fundamental economic role of businesses; others argue that it is nothing more than superficial window-dressing; still others argue that it is an attempt to pre-empt the role of governments as a watchdog over powerful multinational corporations.
Also the company spends a huge sum of money to create a good image to the public. It is looked at, as a step to further there company and not in reality to truly take the corporations responsibilities and try and help the environment. In other aspects that is what a company is; a company exists too solely to generate a profit and must go as far a spending a gigantic sum of money to better the image of a company.