Enhancing Corporate Social Responsibility: Types, Problems, and Solutions

This essay discusses corporate social responsibility (CSR) and its benefits for companies and society. It covers the types of CSR, current problems, causes, potential solutions, and their strengths and weaknesses. The essay concludes that CSR activities can help companies contribute to society and environmental development, but there are also drawbacks to consider.

Enhance corporate
social responsibility

Table of Contents
Introduction......................................................................................................................................3
Main Body.......................................................................................................................................3
Essay on CSR..............................................................................................................................3
Types of CSR...............................................................................................................................4
Current problem...........................................................................................................................5
Causes of this problem.................................................................................................................5
Potential solution of this problem................................................................................................6
Strength and weakness of this solution........................................................................................6
Conclusion.......................................................................................................................................7
References........................................................................................................................................8

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).This is organisational responsibility that they will contribute a part of their revenue to their
society for their betterment. The following report covers essay on corporate social
responsibilities, types of CSR, current problem, causes of the problem, potential solution of the
problem and strength and weakness of the problem.
Main Body
Essay on CSR
For example, in case a company reduce usage of plastic bags and cans from their companies will
help to protect environment. Hence, it is a CSR activity by them. Another example is when a
company share the proportion of their profit to develop life of backward people by providing
them those items which is needed by them, and then it is also a CSR activity by the company.
Companies have various kind of benefits while performing CSR activities like increase in
reputation, better customer base because customer trust more on those companies which provide
CSR activities. On the other hand there are various kind of issues also which is faced by
companies like high cost will be required to perform CSR activities, less trust of people because
people do not trust easily if some companies help them for their betterment and many others.

Types of CSR
Philanthropic responsibility- It is also essential for the company to give back to the community
in which they exist. Hence, here, companies provide those goods and services to their existing
committee which help them to fulfil their needs and wants and which also help them to develop
their life standards.
Economic responsibility- It is also essential for a company to provide transparent salaries to
their employees and mitigate all the issues of employees well.

Current problem
Causes of this problem

Potential solution of this problem
Strength and weakness of this solution

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 helps 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
Books and Journals
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.
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.