Corporate Responsibility .

Running Head: CORPORATE RESPONSIBILITY 1
Corporate Responsibility
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Abstract
Corporate responsibility in most cases is termed as corporate social responsibility (CSR).
It refer to different strategies that corporations or organizations utilized in performing their
business in an approach that is principled, society pleasant, as well as useful to society in tenure
of business progress. This research paper analyzes why an individual might support corporate
social responsibility based on several theories available in the current literature. Its focus on
three main theories that include utilitarian, managerial, together with relational theories of
corporate responsibility supported by different works of other scholars in the sector of business
operations. Besides, this article also addresses the role of CSR in development of community
because the very logic of corporate responsibility is towards seeing its influence on community
economically, socially, as well as environmentally. Competencies required by managers of
corporate responsibility are also addressed in this article to help in having a better understanding
of the practical aspects of CSR. Finally, this article addresses conclusions together with
implications of future research on approaches to make CSR important in every operation of the
corporations or firms.
Introduction
Individual’s examination of corporate responsibility within the context of business
operations involves several variables that the idea of studying CSR as the stand-alone stratagem.
Several investigations have shown that it is essential for operations of different businesses and e-
commerce organizations to address corporate responsibility within their operations (Brewer,
2018). It is important to focus on corporate responsibility by different companies because it deals
with the wide variety of problems and issues that affect social wellbeing. Some of these issues
are directly linked to the operations of firms while other issues are not. Therefore, need to create

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a firm relationship with stakeholders is one of the major reason why different firms have to
engage in actions of corporate social responsibility. In most cases, CSR might act as the
insurance against negative occurrences and guards the corporation against negative relations by
the public (Kumar, 2017). Therefore, primary objective of this research paper is to illustrate how
corporate responsibility can be of great importance to operations of different individuals and
companies around the global society.
The issue concerning corporate social responsibility has been debated since the early days
of 1950s. Latest examinations by Stewart (2018), reported that definition of corporate
responsibility has been changing in practice as well as meaning. The classical examination and
view of CSR has been narrowly restricted to philanthropy and then shifted to the emphasis on
relations of business and society especially referring to the corporation or firm offered for
solving social issues. In the early days of 20th century, social performance of different firms was
tied up with performance of market (Xu, Wang, & Liu, 2017). Consequently, in present days
CSR has been the concept whereby business organizations consider the interest of society
through the process of taking responsibility for the influence of their activities on suppliers,
targeted customers, workers, stakeholders, societies, together with their environment of
operations.
Company social responsibility
It has been very common amid different firms as well as finest corporations around
global society. particularly in the 21st century when ecological issues, privileges of human,
privileges of labor, reasonable trade and several other affairs are becoming gradually more
significant to clients, companies, along with stakeholders equally. However, precise description
and efficiency of company social liability is always very imprecise as well as puzzling to other

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individuals (Zhang & Borden, 2017). Moreover, corporate social responsibility is a vital factor in
business operations of different companies and corporations. It is the concept were business
corporations consider the ideal interest of community by ensuring that they take responsibility
for the influence of their operations on clients, stakeholders, and any aspect that supports their
operations in general. The obligation of CSR shows that different organizations have to comply
with various legislations together with need of voluntarily take initiatives towards improving the
wellbeing of their workers and their relatives along with for the local community and society in
general (Kelly, 2018). Therefore, corporate responsibility simply refers to different strategies that
corporations or firms use in conducting their business operations in a manner that is friend and
ethical to society. In most cases, CSR is vital in operations of corporations because it simply
involves a variety of operations that comprise of operating in collaboration with local societies,
communally sensitive investment, creating links with workers, customers and their relatives, as
well as incorporating in different activities that aim at conserving and sustaining environment
(Ashrafi, et al., 2018). Corporate responsibility is supported by many people around the society
simply because it ensures that every corporation to have the responsibility to different groups and
individuals that they affect during their operations in one way or the other. For instance, it
ensures that corporations are responsible for the operations for their stakeholders and society at
large.
Corporate responsibility includes being consistent with principles and conduct of ethics
among firms. These ethics include honesty, integrity, together with respect to others during
operations within a firm. Therefore, corporations that voluntarily accept responsibility for their
actions help them in earning their license to work in a given society. Corporate responsibility is
titled to help the corporation’s mission as well as serve as the guide to what the organization