Corporate Social Responsibility Essay Example

When we place our first step into the world of business, we have heard businessmen speak expressively about the aim of the company is to make profit and not to address social responsibilities. This is only certain truth to this statement as the world we live in now is evolving. People in the current era are more concern about social responsibility especially with corporations and their behaviours and plans. There is an increasing demand on businesses to have a “social conscience” and taking serious responsibility for providing employment, eliminating discrimination, ethical working environment and whatever else is related to having a “social conscience”.

In today’s business world, corporate social responsibility (CSR) is an essential element for all corporations. Business around the world are progressively applying CSR, believing that it will be able to bring them competitive advantage and sustainability.

Before we progress into our discussion, we will have to define the meaning of corporate social responsibility (CSR) and the pyramid of corporate social responsibility. One of the most important elements of corporate social responsibility, Stakeholder Theory, will also be discussed. Defining sustainability and the guidelines to it will also be discussed in the essay. Last but not least, we will also be discussing about future sustainability models and a case study that has incorporated corporate social responsibility to make their business operation more sustainable will be discussed.

An infinite number of definitions of CSR exist, going across from the simplistic to the complex, and a range of associated terms and ideas, including corporate sustainability, corporate governance, the triple bottom line and business sustainability. The terminology itself has changed over the course of time has also suggest that the meaning attributed to concepts such as CSR will continue to evolve in synch with business, political and social developments around the world.