Content Introduction Role of Corporate Social Responsibility Challenges in front of Corporate Social Responsibility Benefits of CSR Conclusion
INTRODUCTION Corporatesocialresponsibilityisveryessentialfor organizations as well as for employers. They all committed to perform ethical or sustainable businesspracticeswhichpositivelyimpactsocial, economic or business environment.
Role of Corporate Social Responsibility Environment: In environmental aspect, organizations ensure to reducedirectimpactonenvironmentbecauseoftheir operational activities in order to achieve their business goals & objectives.Corporateshouldmanagetheirwastematerial effectively,focusonmaximisingconsumptionofnatural resources, effective use of resources etc.
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Continue People: In this form, organizations focus on human resources theirhealthandwellbeingness.Theyencouragethe workplacewheretheyprovideequalopportunitiesto employees and diversity to all. In addition, also promote five days learning program to support their employees health and well-being.
Continue Procurement:Financialstabilityandenvironmental compliances are the critical factors which evaluated at the time of doing CSR activities. Organizations needs to followgovernmentframeworktomaintain standardization.
Continue Community: In order to play positive role in society, CSR activitieshelpsinpromotingemployeesvolunteering, raise funds to provide people relevant skills which helps in making individual capable. Actively support the local business and community where they currently working.
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Challenges In Front Of Corporate Social Responsibility Shrinkingroleofgovernment:Duetodecreasein government resources, implementation of CSR activities face various difficulties. Increasedcustomerinterest:Ethicalpracticesof organizations will increase the interest of consumers in the company.
Benefits Of CSR To Achieve Organizational Goals Improve public image: CST activities helps in improving image of company in front of consumers. Increasebrandawareness:Whenorganizationdone ethical practices in their business operations than this news will spread.
Conclusion Fromtheabovediscussionithasbeenconcludedthat corporate social responsibility (CSR) practices are very essential because it helps the organization to enhance their performance.
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References Crane, A., Matten, D. and Spence, L. eds., 2019. Corporate social responsibility: Readings and cases in a global context. Routledge. Jamali, D. and Karam, C., 2018. Corporate social responsibility in developing countries as an emerging field of study. International Journal of Management Reviews, 20(1), pp.32-61.