Businesses do not exist in isolation of their immediate community and beyond, they create products and services to serve their needs for the purpose of profit making. However, as they carry out their industrial and commercial activities for profit making the need to inculcate a sound Corporate Social Responsibility CSR in their core business strategy has become critical to their long term sustainability and commercial success. This has become even more imperative with the growing sophistication and demands of consumers in Western countries like the United Kingdom UK for brands that are socially and environmentally responsible for without which their continued patronage may be stalled.
Corporate Social Responsibility CSR is a concept whereby organizations consider the interests of society by taking responsibility for the impact of their activities on customers, employees, shareholders, communities and the environment in all aspects of their operations.
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.
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The debate about CSR has been said to have begun in the early 20th century, amid growing concerns about large corporations and their power. Some companies may implement CSR-type values without a clearly defined team or programme.
The business case for CSR within a company will likely rest on one or more of these arguments: A CSR programme can be seen as an aid to recruitment and, particularly within the competitive graduate student market.
CSR can also help to improve the perception of a company among its staff, particularly when staff can become involved through payroll giving, fundraising activities or community volunteering.
In crowded marketplaces companies strive for a unique selling proposition which can separate them from the competition in the minds of consumers.
CSR can play a role in building customer loyalty based on distinctive ethical values. Business service organizations can benefit too from building a reputation for integrity and best practice.
So businesses should be more responsible for their environment. Government restriction, tariffs, globalization, environmentally sensitive areas and exploitation are problems that are costing millions of dollars for organization. It may be apparent that in some cases, ethical implications are simply a costly hindrance that potentially forces businesses to finding alternative means to shift viewpoints.
It is certainly a potential strategic tactic to gain public support to sustain a competitive advantage. Unfortunately many consequential events are a reason why CSR policies become evident. But CSR opens up a whole new horizon for safer and better opportunities for both the employer and employee.
It is now for more organizations to realize the importance of CSR, and take the right step towards success.Read this essay on Introduction to Csr. Come browse our large digital warehouse of free sample essays.
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The Pyramid Of Csr Management Essay. LIZANNA DWARIKA 1. Table of Contents 1. Chapter 1 4. Introduction 4. BP Global History 6. In the ’s the introduction and legality or corporate philanthropy was questioned giving rise to whether . Oct 12, · Corporate Social Responsibility Introduction In this essay the author will try to give an understanding of what is the Corporate Social Responsibility, why it is so important nowadays and we will analyse role of Lidl in this area in different dimensions.
This free Business essay on Corporate social responsibility is perfect for Business students to use as an example. Chapter 1: Introduction. This chapter focused on the background of the study, statement of problems, it aims and objectives and other relevant features. An argument for Corporate Social Responsibility and Ethical businesses.
Print Reference this. Disclaimer: This responsibility was then termed Corporate Social Responsibility (CSR) and started an evolution from the ’s and further expanded during the ’s.
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