The Corporate social responsibility

can I get the draft of the assignment on 26th august as i have to show the draft of my assignment on 27th in class.

Running head: CORPORATE SOCIAL RESPONSIBILITY
Corporate social responsibility
Name of the student
Name of the University
Author Note

1CORPORATE SOCIAL RESPONSIBILITY
Introduction
The working of the different private organizations of the world are dependent on their
objective to earn a higher margin of profit. This flows from the capitalist nature of the economic
market system which encourages the presence of a healthy competition and the policy of fair
pricing to be adhered to by such business organizations. However, with the turn of the twenty
first century, many new significant changes have been brought about among which the concept
of corporate social responsibility has also been introduced (Unit 2015). The main purpose of this
essay is to understand the opportunities for the development of corporate social responsibility
and align it with one of the sustainable development goals.
Importance of corporate social responsibility
The idea of corporate social responsibility arose at the back drop of globalization
(Grayson and Hodges 2017). It was necessitated because of the selfish motives of the private
organization which were followed in the world economy since the introduction of the capitalist
market structure. Capitalism allows the private organizations to compete with each other which
necessarily leads to various firms charging arbitrary prices from the consumers without paying
attention to the quality of such products.
In order to prevent this from occurring and to ensure the satisfaction of the customers, the
different non-governmental organizations of the world came up with the idea of corporate social
responsibility. This implies that the business firms are required to work for the betterment of the
society (Schrempf-Stirling, Palazzo and Phillips 2016). In other words, they have the freedom to
pursue their business objectives but while doing so they must ensure that the resources of the

2CORPORATE SOCIAL RESPONSIBILITY
world are not over utilized and that the quality fo the products provided to the people are of good
nature.
Opportunities for corporate social responsibility within the organization
The predominant position that is given to the idea of corporate social responsibility of the
different business organizations has ensured that this concept is upheld across all spheres of
business activities. This has led to the development of various opportunities to follow corporate
social responsibility in the field of business operations.
One of the opportunities to adhere to corporate social responsibility is by ensuring that
the raw materials that are required by the firm are utilized to their optimum level (Flammer
2015). Often times it is observed that raw materials are extracted from the surface of the Earth
causing huge stress to the land surface and to the environment both. However, much of these raw
materials are disregarded because of the low quality and other such limiting characteristics.
Corporate social responsibility places an obligation on the business organizations to make use of
resources in a sustainable manner mainly for the well-being of the future generation (Flammer
2015). As a result, the firms should be able to utilize such raw materials to their maximum
capacity and ensure that only so much is taken which s required for their process of production.
Linking of corporate social responsibility with a Sustainable Development
Goal
The importance of corporate social responsibility arises significantly when it is seen
through the lenses of the sustainable developmental goals. One of the goals which should be
adhered to by all the business activities of the society is that of goal three. Goal three states that
need for maintain the good health and well-being of the people of the community (Epstein 2018).

3CORPORATE SOCIAL RESPONSIBILITY
In this regard, the role of corporate social responsibility becomes vital whereby the business
firms are required to provide their products and services at affordable prices so that the
inequality n the society reduces. Once the people have an equal access to all the necessary
materials for survival, their well-being would be ensured as they would now be able to enjoy a
decent standard of living (Kolk 2016). In this manner, the corporate social responsibility would
aid in the fulfillment of some of the sustainable developmental goals of the world.
Conclusion
To conclude, it can be observed that the different private business organizations in the
world are required to abide by certain social and ethical obligations so that the people are able to
enjoy a decent standard of living. In this regard, adherence to corporate social responsibility
becomes important.

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References:
Epstein, M.J., 2018. Making sustainability work: Best practices in managing and measuring
corporate social, environmental and economic impacts. Routledge.
Flammer, C., 2015. Does corporate social responsibility lead to superior financial performance?
A regression discontinuity approach. Management Science, 61(11), pp.2549-2568.
Grayson, D. and Hodges, A., 2017. Corporate social opportunity!: Seven steps to make
corporate social responsibility work for your business. Routledge.
Kolk, A., 2016. The social responsibility of international business: From ethics and the
environment to CSR and sustainable development. Journal of World Business, 51(1), pp.23-34.
Schrempf-Stirling, J., Palazzo, G. and Phillips, R.A., 2016. Historic corporate social
responsibility. Academy of Management Review, 41(4), pp.700-719.
Unit, B., 2015. Corporate social responsibility.