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Corporate Social Responsibility and its Importance : Essay

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Added on  2020-02-24

Corporate Social Responsibility and its Importance : Essay

   Added on 2020-02-24

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RUNNING HEAD: Corporate Social ResponsibilityCorporate Social Responsibility
Corporate Social Responsibility and its Importance : Essay_1
Corporate Social Responsibility 1Table of ContentsReflective essay..........................................................................................................................2References..................................................................................................................................6
Corporate Social Responsibility and its Importance : Essay_2
Corporate Social Responsibility 2Reflective essayIn this reflective essay, I will reflect my knowledge, learning and experience on corporate social responsibility and its importance. Corporate social responsibility can be explained as the initiatives undertaken for the purpose of taking responsibility for the impact of the activities of the business on the well-being of the society and environment (Sharma & Kiran, 2013). It is vital for a business to meet the responsibility towards the society as business and its operations are based on the resources society and environment is supplying to the business. Ignoring the corporate social responsibility of business towards the society and environment can result in facing disaster by the business. I have developed knowledge of regarding the corporate social responsibility with the help of secondary sources available. These secondary sources have formed a base for the knowledge I have gained (Lindgreen & Swaen, 2010). Before undertaking the project, I used to believe that business operates with a sole motive to attain success by earning profits. I presumed that corporate social responsibility is the relationship between the business and society. Before undertaking the BUSN3017, I presumed that corporate social responsibility is being sustainable as resources provided by the environment are irreversible and scare. This perception regarding the corporate social responsibility was developed due to the lack of knowledge of the concept. I believed that business must ensure the safety of the resources of the environment and to eliminate the negative impact of the activities of the business on the environment. The existence of the business is for the attainment of profits by providing products or services to the customers. I believed that corporate social responsibility diverts the business from its aim which is to earn a profit and to maximise profits of the company (Choi, et. al., 2010).
Corporate Social Responsibility and its Importance : Essay_3

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