Corporate Social Responsibility: A Concept of Giving Back to Society

Individual Essay

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
CONCLUSION................................................................................................................................6
REFRENCES...................................................................................................................................7
Books and Journals:....................................................................................................................7

INTRODUCTION
The term Corporate Social Responsibility is a wider concept which can take different
forms depending on the organisation and industry. CSR is a management concept where
organizations combine environmental and social concerns in their company's interactions and
operations with their stakeholders (Afsharipour, A., 2018). The chief goal of CSR is to give back
to the society, deliver positive social worth and take part in philanthropic reasons. In order to
make a difference, many businesses turn into CSR and create a positive brand image in the
community.
MAIN BODY
Corporate Social Responsibility is a self-regulating model of business that assists
company to be socially responsible to itself, to public and its stakeholders as well. It makes
conscious of the kind of affects that they are having on the all the features of community
including economic, social and environmental. When a company is engage in CSR that means
that are operating and interacting in such a ways to improve the society as well as highly focused
on environment instead of providing negative impacts to them. Through various CSR programs,
volunteer efforts and philanthropy, many companies benefits the community or society and to
enhance the brand image also. As CSR is vital to the society, it is valuable to the organisations as
well. CSR activities can furnace a stronger relationship between companies and employees,
increases the morale, and make employees and employers to feel more connected with the
society around them. Employees, stakeholders and customers prioritize the CSR when opting a
brand or an organization. These makes them to hold socially responsible with their corporate
beliefs, practices as well as profits. There are many corporations who practices CSR for their
ethical and strategic purposes (Barnett, M. L., Hartmann, J. and Salomon, R. M., 2018). From
strategic point of view it means CSR can make their contributions to the firms to make profits.
Most of the bigger companies are actively engaged to make and enhance their profits by holding
CSR. This may also helps to improves the stock prices of the brands, making executive stocks
and its options that makes shareholders more happier and profits will also improves for the
company. There are many companies such as Starbucks which is one the leading company in
creating Corporate Social Responsibility programs in different ways. This company has long
been identified for its discriminating sense of corporate social responsibility and their