Enhancing Corporate Social Responsibility: Problems & Solutions

This essay explores the concept of Corporate Social Responsibility (CSR), defining it as activities that benefit society and protect the environment. It discusses different types of CSR, including environmental and ethical responsibilities. The essay identifies a key problem: public skepticism towards companies' CSR motives, often perceiving them as self-serving rather than altruistic. This skepticism can damage a company's image and hinder economic growth. The proposed solution involves companies actively communicating the societal benefits of their CSR initiatives and strategically influencing their target communities. While this approach can foster understanding and acceptance, it requires significant time and effort. The essay concludes that CSR is valuable for societal and environmental development, offering benefits like improved corporate reputation, but also facing drawbacks like public distrust. Desklib offers more solved assignments for students.

ENHANCE CORPORATE
SOCIAL RESPONSIBILITY

TABLE OF CONTENTS
 Introduction
 CSR
 Types of CSR
 Current Problem
 Causes of Problem
 Potential solution of problem
 Strength and Weakness of solution
 Conclusion
 References

INTRODUCTION
 Corporate social responsibility is
the act of performing those
activities which help to provide
benefit to weaker section of people
as well to protect the environment
(He and Harris, 2020).

ESSAY ON CSR
 Corporate social responsibility is the
concept of management where
companies contribute a part of their
products, services and revenue for
society development or else they perform
those activities which will protect their
environment.

TYPES OF CSR
 Environmental responsibility- Here, companies perform those activities
which is good for environment (Maqbool and Zameer, 2018). For
example, here companies plant trees annually or reduce the usage of
plastic bags plastic cans.
 Ethical responsibilities- Here, companies treat fair with their employees,
stakeholders and many others. It is one of the most essential responsibility
of a company that they must focus of the rights of employees and provide
them all those facilities for which they deserve. Providing them accurate
wages, focusing on their safety and healthy concerns and many others.

CURRENT PROBLEM
 The companies who try to perform CSR
activities are having few of the issues such as-
 Whether their society will accept their CSR
practices or not because most of the time
people think that the company is performing
CSR activities for their organizational benefit
instead of society benefit..

CAUSES OF THIS PROBLEM
 Basically when people are not believing
the company for their goodness then they
will refuse them for any favor (Freeman
and Dmytriyev, 2017).
 Secondly, companies image get damaged
when their community did not trust them.
 Economic growth will lower down

POTENTIAL SOLUTION OF
THIS PROBLEM
 Companies must aware their community about
the benefits which they will get not
organization with CSR practices from their
side.
 Secondly, companies must analyze how they
can influence their targeted community for
their CSR activities (Gürlek, Düzgün and
Uygur, 2017).

STRENGTH AND WEAKNESS
OF THIS SOLUTION
 Strength- This solution will help the
community to understand their benefit and
allow companies to do something good for
them without doubting.
 Weakness- Too much time and efforts are
required to influence people for their CSR
activities.

CONCLUSION
From the above information it is concluded that corporate social
responsibilities help companies to contribute their few efforts for the
society and environmental development. Here, companies provide those
goods and services to their society which help them to develop their life
standards. There are many benefits and well as drawback for performing
CSR activities. Benefits include better reputation of companies and
drawbacks include that most of the people did not believe the
companies that they are performing CSR activities for society benefit.

REFERENCES
 He, H. and Harris, L., 2020. The impact of Covid-19 pandemic on corporate
social responsibility and marketing philosophy. Journal of business
research, 116, pp.176-182.
 Maqbool, S. and Zameer, M.N., 2018. Corporate social responsibility and
financial performance: An empirical analysis of Indian banks. Future Business
Journal, 4(1), pp.84-93.
 Freeman, R.E. and Dmytriyev, S., 2017. Corporate social responsibility and
stakeholder theory: Learning from each other. Symphonya. Emerging Issues in
Management, (1), pp.7-15.
 Gürlek, M., Düzgün, E. and Uygur, S.M., 2017. How does corporate social
responsibility create customer loyalty? The role of corporate image. Social
Responsibility Journal.

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