Concept of Corporate Social Responsibility (CSR)
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Added on 2020-01-07
Concept of Corporate Social Responsibility (CSR)
Added on 2020-01-07
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Table of ContentsINTRODUCTION...........................................................................................................................1CONCEPT OF CORPORATE SOCIAL RESPONSIBILITY-.......................................................1CSR IN UK CORRELATED WITH OTHER COUNTRIES-........................................................3HINDRANCES FOR COMPANIES TO MAKE CSR................................................................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................14
INTRODUCTIONThe Corporate social responsibility or CSR activities are an important components inmodern business environment. It is a fact that if a company takes care of its differentstakeholders, then all of them will also give positive returns in favour. It is evident that there arevarious activities and programmes through which an organisation can present itself as aresponsible firm towards society. Earlier, the CSR activities were taken as an additional workwhich was not compulsorily adopted by the companies. But, nowadays, government has made ita mandatory policy for each and every enterprise (Lindgreen and Swaen, 2010). As a result, thecompanies use to incorporate its major corporate strategy along with CSR policies. In presentreport, CSR and various activities related to it are discussed. Further, major benefits anddrawbacks of applying CSR strategies for a business have been talked. Apart from this, anattempt has been made to make a comparison between CSR policies of UK and other countries.In addition to this, the report has discussed various barriers because of which some organisationsuse to oppose the adoption of CSR strategies.CONCEPT OF CORPORATE SOCIAL RESPONSIBILITY-The corporate social responsibility is abbreviated as CSR, it is generally defined as therelationship between the industrial sides or the corporate side with the citizens of society(Schneider and Schmidpeter, 2012). In other words concerned with the impact on stakeholders ofthe corporation. It should be the angle between the organisation to the government of thedifferent capitals and then to the respective civilians. There should be implementation of ethicsin which it should be necessary for the corporation to maintain the credibility of the environmentthrough its basic operations and responsibility towards social citizenship that can never be lost.Then debate have some contracts that let a chain between corporative side and social side. Aaltruistic behaviour is covered in that contract implies converse selfish nature that shows selfinterest. There are so many ideas that kept interest of the particular over the collective, thecentralised fact to the responsibility of the society although contracts the society from thestakeholders and civilians required that essentially. The responsibility of society towards theirmembers and future is also required, and responsibility over the environment and of course mustneeded (Carroll and Shabana, 2010). CSR is the integration of society and environment with thecorporative operations and it stakeholder interacts with it as a tender. Organization works is a1
business environment and located in the social environment, these both areas are affected by theactivity that is undertaking by the organisation itself. The impact of the various operationsconducted by the corporation can be seen internally or externally or both.There are some impacts in various forms, such as:In the process of production the natural resources are utilised.Competition in the market between this and the other companies is also affected.The opportunities for the enlistment in the community is enriched.Due to wastage of the product and extraction of the raw material the landscapes aretransformed (Aguinis and Glavas, 2012).The employees working in the organisation has a wealth distribution created by the firmitself affect the welfare of the further discrete.The gases form greenhouse are affecting the climate which is gradually concerned as sorecent. Basically the nature of CSR activity are surrounded so uncertain so definition of the CSRis quit unmeasurable and for any activity it is also tough to be certain. Imperatively the activityis to be able to identified in such way and the principles are like sustainability, accountability andthe transparency summits the activity. Business ethics is not a fresh thing for the people, To do ahealthy business there are always some rules in the corporation world and standards andnormalities. These can be change according to the society and cultural requirements of thedifferent country but for the betterment expected rules should be universal (Gainer, 2010). It canbe the code of ethics when these rules, standards, norms are applied in an organisation as aresponsibility. Simply ethics provides the way to behave in a decent manner during theoperations of the business. To get the maximum profit in the shares of the company is thepriority but some problems occurs related to the responsibility and service of the society. Afterthis the ethics and responsibility in corporate should be justified, this is the reason thatshareholders and stakeholders have the promise from the corporate to be fair, up to the ethics andbe in sum (Dhaliwal and et.al, 2011). Ethics is important to get the idea about what is good or bad, right or wrong, in businessthe easy meaning of ethics is to be honest in your work, to be confident, and have respect asbeing a business host. If we suppose to relate the ethics with the CSR then Humanity is the key2
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