Corporate Social Responsibility: Approaches, Strategies, and Impacts

CUSTOMER SOCIAL
RESPONSIBILITY

TABLE OF CONTENTS
INTRODUCTION ...........................................................................................................................................3
Approaches to Corporate Responsibility.................................................................................................3
................................................................................................................................................................4
CSR strategies to make use of..................................................................................................................4
CONCLUSION...............................................................................................................................................8
REFERENCES................................................................................................................................................9

INTRODUCTION
The Corporate Social Responsibility (CSR) indicates the self-regulatory decision of a
company that helps the enterprise to become resilient in terms of the social accountability
towards the stakeholders, public and itself (McCullough and Trail, 2022). The impact of the
business in any form, such as the economic, social and the environmental influence must be
curbed to ensure the market positioning of the firm in the business environment. The
contribution of the company must be positive and any sought of disruptions must be avoided.
The relationship of the taxes that are paid by the companies, with the CSR plays a pivotal role in
the functioning of the business. Whether it influences the operations or not, is a question of
worth that has to be analyzed. This report will thus provide a light on these influential topics and
provide useful insights over the facts related to the opposing views.
Approaches to Corporate Responsibility.
The primary objective of a business is not to earn mere profits but also to fulfill the social
obligations present in the business environment. These moral dilemmas can affect the profit
generation of a business but its viability is indeed of great importance for the long-term survival
of the venture (Bannier, Bofinger and Rock, 2022). The obligations related to it must be fulfilled
for the brand promotion as well as to stand out in the society by not providing any sought of
harm to the public as well as the participants of the business. The theoretical approaches that can
be used are:
CSR – It is the economic as well as the legal responsibility that an association has to fulfilled to
prevent themselves from dooming from the market place. The profits must be considered but
should not be the sole of the enterprise in a comprehensive manner. the issues regarding the
wastes being disposed in the public surroundings, trash being accumulated because of the
industrial waste or any other form of environmental or social disturbances must be taken care of.
The regulations directed by the authorities must be considered and the activities being performed
by the organizations should be under the legislative laws designed for the survival of the
business venture in the business environment (Kim and Chon, 2022).
Triple Bottom Line – The tabulation of the bottom-line results must be conducted in an
economic term along with the considerations to the effects it can have upon the company’ realm.
The results derived from the company’s functioning must be sustainable enough to nonionized it