Corporate Social Responsibility: Practices and Importance

Corporate Social
responsibility

INTRODUCTION...........................................................................................................................1
DISCUSSION..................................................................................................................................1
CONCLUSION AND RECOMMENDATION...............................................................................1
REFERENCES................................................................................................................................3

INTRODUCTION
Corporate social responsibility is a term which shows the obligation of commercial
enterprises towards community growth and development through their several actions such as;
conducting awareness programmes, producing eco-friendly products and many more. However,
governing bodies have enacted number of legal laws, provisions, rules and regulations related to
societal as well as environmental practices (Gautam and Singh, 2010). Thus, it is essential for
existing business to design their organizational policies according to the social demand but
consider factors of surrounding too by taking correct initiatives. Therefore, main objective of this
assignment is to highlight the necessary practices of business related to social responsibility.
Basically, main objective of this report is to suggest the commercial enterprise about their actual
obligations and activities which are known as social practices.
DISCUSSION
Corporate social responsibility is a concept of management in which companies indulge
social, economic and environmental factors to run their business and interact with their
stakeholders. It is a self-regulating business model by which companies can achieve their social
responsibility against their shareholders, to their employees, to the consumers who use their
products and to those who involved with the company by giving the raw materials to them. CSR
is a kind of practice which is followed by every organization while operating their business
because their every action can impact on several people and also on the society. Organization
needs to keep the CSR practice in their mind while producing any kind of products which cannot
harm anybody in the society and also can maintain equality in the environment (Carroll and
Shabana, 2010).
As per my opinion, CSR is a practice which is used to figure out how much any
organization makes their efforts to improve society in some way. These efforts could be in any
form whether they are donating a huge amount of money to the needy people, implementing
environmentally-friendly policies in their workplace, etc. By using the CSR practice an
organization can aim to create a positive impact on the society. A company can use this practice
to figure out the various issues like human rights, education, health, and safety. The companies
also use the CSR policy to covers corporate governance, working conditions, environmental
sustainability and more like economic and social development. If an organization follows the
CSR practice while doing business so it will generate those kinds of products that give benefit to
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