Corporate Responsibility: Theories, Community Impact and Management

This essay examines the concept of corporate responsibility, often referred to as corporate social responsibility (CSR), and its role in ethical and socially beneficial business practices. It analyzes the reasons for supporting CSR based on utilitarian, managerial, and relational theories, supported by scholarly works. The paper also addresses CSR's impact on community development, emphasizing its economic, social, and environmental influence. Furthermore, it identifies the competencies required by managers to effectively implement CSR strategies. The essay concludes by discussing implications for future research aimed at integrating CSR into all aspects of corporate operations, highlighting its importance in enhancing social wellbeing, improving worker retention, and fostering positive brand recognition.

Running Head: CORPORATE RESPONSIBILITY 1
Corporate Responsibility
Name:
Institution Affiliation:

CORPORATE RESPONSIBILITY 2
Abstract
Corporate responsibility in most cases is termed as corporate social responsibility (CSR).
It refer to different strategies that corporations or organizations utilized in performing their
business in an approach that is principled, society pleasant, as well as useful to society in tenure
of business progress. This research paper analyzes why an individual might support corporate
social responsibility based on several theories available in the current literature. Its focus on
three main theories that include utilitarian, managerial, together with relational theories of
corporate responsibility supported by different works of other scholars in the sector of business
operations. Besides, this article also addresses the role of CSR in development of community
because the very logic of corporate responsibility is towards seeing its influence on community
economically, socially, as well as environmentally. Competencies required by managers of
corporate responsibility are also addressed in this article to help in having a better understanding
of the practical aspects of CSR. Finally, this article addresses conclusions together with
implications of future research on approaches to make CSR important in every operation of the
corporations or firms.
Introduction
Individual’s examination of corporate responsibility within the context of business
operations involves several variables that the idea of studying CSR as the stand-alone stratagem.
Several investigations have shown that it is essential for operations of different businesses and e-
commerce organizations to address corporate responsibility within their operations (Brewer,
2018). It is important to focus on corporate responsibility by different companies because it deals
with the wide variety of problems and issues that affect social wellbeing. Some of these issues
are directly linked to the operations of firms while other issues are not. Therefore, need to create

CORPORATE RESPONSIBILITY 3
a firm relationship with stakeholders is one of the major reason why different firms have to
engage in actions of corporate social responsibility. In most cases, CSR might act as the
insurance against negative occurrences and guards the corporation against negative relations by
the public (Kumar, 2017). Therefore, primary objective of this research paper is to illustrate how
corporate responsibility can be of great importance to operations of different individuals and
companies around the global society.
The issue concerning corporate social responsibility has been debated since the early days
of 1950s. Latest examinations by Stewart (2018), reported that definition of corporate
responsibility has been changing in practice as well as meaning. The classical examination and
view of CSR has been narrowly restricted to philanthropy and then shifted to the emphasis on
relations of business and society especially referring to the corporation or firm offered for
solving social issues. In the early days of 20th century, social performance of different firms was
tied up with performance of market (Xu, Wang, & Liu, 2017). Consequently, in present days
CSR has been the concept whereby business organizations consider the interest of society
through the process of taking responsibility for the influence of their activities on suppliers,
targeted customers, workers, stakeholders, societies, together with their environment of
operations.
Company social responsibility
It has been very common amid different firms as well as finest corporations around
global society. particularly in the 21st century when ecological issues, privileges of human,
privileges of labor, reasonable trade and several other affairs are becoming gradually more
significant to clients, companies, along with stakeholders equally. However, precise description
and efficiency of company social liability is always very imprecise as well as puzzling to other

CORPORATE RESPONSIBILITY 4
individuals (Zhang & Borden, 2017). Moreover, corporate social responsibility is a vital factor in
business operations of different companies and corporations. It is the concept were business
corporations consider the ideal interest of community by ensuring that they take responsibility
for the influence of their operations on clients, stakeholders, and any aspect that supports their
operations in general. The obligation of CSR shows that different organizations have to comply
with various legislations together with need of voluntarily take initiatives towards improving the
wellbeing of their workers and their relatives along with for the local community and society in
general (Kelly, 2018). Therefore, corporate responsibility simply refers to different strategies that
corporations or firms use in conducting their business operations in a manner that is friend and
ethical to society. In most cases, CSR is vital in operations of corporations because it simply
involves a variety of operations that comprise of operating in collaboration with local societies,
communally sensitive investment, creating links with workers, customers and their relatives, as
well as incorporating in different activities that aim at conserving and sustaining environment
(Ashrafi, et al., 2018). Corporate responsibility is supported by many people around the society
simply because it ensures that every corporation to have the responsibility to different groups and
individuals that they affect during their operations in one way or the other. For instance, it
ensures that corporations are responsible for the operations for their stakeholders and society at
large.
Corporate responsibility includes being consistent with principles and conduct of ethics
among firms. These ethics include honesty, integrity, together with respect to others during
operations within a firm. Therefore, corporations that voluntarily accept responsibility for their
actions help them in earning their license to work in a given society. Corporate responsibility is
titled to help the corporation’s mission as well as serve as the guide to what the organization

CORPORATE RESPONSIBILITY 5
represents for its targeted clients (Sharma & Pandit, 2016). Through corporate responsibility,
businesses are able to form a firm ethics that examines ethical principles and moral or ethical
concerns that can occur in business setting. For instances, ISO 26000 is recognized globally as
the international standard for corporate social responsibility. Therefore, corporate responsibility
is vital as it offers the best approach for organizations to take duty for social together with
ecological influences of their activities of business. The strong programs of company
responsibility offer the best chance for different corporations to display their good business
leadership as they aim at protecting the organization from big danger by focusing at entire social
together with ecological sphere that surrounds organization (Young-Ju, Suk-Chul, & Jae-Woong,
2017). By practicing corporate responsibility, many companies are able or can be conscious of
the type of influence they are having on every aspect of community consisting of social,
economic, together with environment. To engage in corporate responsibility by the firm means
that in the normal course of operations of business, the firm is operating in approaches that
enhance environment and society instead of contributing negative to its development.
Reasons for supporting corporate responsibility
Most businesses together with financial systems are twisting under prospects as well as
duties to be socially accountable. On the international level, private together with government
corporations focus on being more and more accountable for their influence on the surrounding
and for who they assist or hurt. Some of the reason for supporting corporate responsibility is that
consumer in most organizations looks for corporate social responsibility (Schulze, Heinitz, &
Lorenz, 2018). For instance, over eighty percent of clients believe that corporations should
attempt to attain their mission or goals of business while enhancing society along with set of
operations. Workers look of and act better for communally accountable businesses making the

CORPORATE RESPONSIBILITY 6
need to focus on corporate responsibility to be significant in any business operation (Lather,
2018). About thirty of workers would genuinely consider resigning from their work if their
organization offers none or very modest money towards donations.
The advantages of supporting corporate responsibility are diverse in business operations.
These include the idea that corporate responsibility help in the process of expanding the potential
target market size of customers, incentivizing customers to pay the premium price, and increase
customer advocacy and loyalty in every marketplace. Social contributions along with
sustainability are some of the features that appeal to the entire new class of clients for any
solution (Ehsan, Abbas, & Nawaz, 2018). Such features are significant in penetrating sets of
customers in diverse cultures around the global society and more discerning customers in every
location. The corporate responsibility should be supported because it is seen by business
customers as the competitive edge. For instance, most millennial along with customers of all
ages presently have the strong belief that almost every business must be socially responsible and
make that the top criteria for choosing the source of business solution. Additionally, corporate
responsibility help in improving team motivation and productivity of organization (Rosolen &
Ferranty, 2016). The idea of sponsoring social initiatives as well as provision of duration for
workers to hold up their initiatives aids in building faithfulness, pride, as well as incentive
among members of team and dissimilar departments within organization. Such instances make
every individual in the corporation to be more engaged, more responsive, and more productive as
they operate. Therefore, corporate responsibility should be supported by every manager
responsible for managing operations of firms in every part of the global society.
Improving retention of workers and attraction of better candidates

CORPORATE RESPONSIBILITY 7
Supporting of corporate responsibility is critical in operations of different companies as it
helps in improving retention of workers and attraction of better candidates to work in a given
firm. It is evident through the use of corporate responsibility that success of every company is
driven by the quality of the team members that they are capable of attracting and retaining to
support their operations (Xiaoping, Lijing, & Wenxiang, 2018). Therefore, if business for a given
company is recognized to be providing the socially responsible culture for workers together with
comparable initiatives outside operations of business, then the best and brightest candidates will
join its operations. Moreover, corporate responsibility needs to be supported as it offers
governance flexibility together with financial grant opportunities. Corporate responsibility also
helps in making business of a company to be more attractive to different investors around the
global society. It is clear that various investors look for teams with real passion, attractive
messages, and integrity in their operations (Mussell, 2017). The investors are able to notice
commitment to social change as great positioning for the long-term as well as sustainable value
to clients and owners of the company alike. The investors look for that balance that exists
between maximization of profit together with expansion of the market (Rivera, 2018). Therefore,
possible counteract to all these merits is that corresponding act needed amid social plans and
center on creating extra cash for operation and endurance. It takes the firm and adept business
manager as well as entrepreneur to make the appropriate tradeoffs.
Corporate responsibility improves recognition of corporation’s brands
As corporations become more active in contributing positively to community, more
individuals hear about their operations. With ever-increasing in change in technology, the
manner brands are viewed by the public also changes to have much positive exposure as possible
are vital. The further an organization is aggressively concerned in their society, the simpler it

CORPORATE RESPONSIBILITY 8
will be for clients to recognize that organization in optimistic manner (Xu, Wang, & Liu, 2017).
Not just do assisting causes, keenly involving in sustainability, along with ensuring that every
attempt provides cause-determined promotion that offers straight links to the society that will
draw direct events from end users of products to positively speaking about a given corporation.
Therefore, corporate responsibility presents the great chances for its conditions that can be
utilized for future promotion of brand.
Corporate responsibility eases process of recruitment and retention of workers
Consumers are not the only element of business operations that are affected by social
responsibility. Workers also feel firm concerning how the organizations they work to
demonstrate their care for causes, the surrounding, together with other social elements that affect
their operations. According to the investigation by Walzel, Robertson, & Anagnostopoulos
(2018), over eighty percent of corporate workers would firmly consider leaving the organization
if they found out that the business utilized child labor to develop their products or services.
Almost a third of workers had stated that they would consider stepping out from one
organization to another if their present employers are not ready to donate to charity work.
Besides, over sixty percent of workers according to the same research by Walzel, Robertson, &
Anagnostopoulos (2018), affirmed that they might prefer shifting works in organization they
labored for debilitated surrounding in one way or the other.
Corporate responsibility improves quality of life among locals
Through common outreach, several organizations can vigorously recover quality of life
of people that stay in different sectors where corporation is situated. By dynamically contributing
in local grounds not just do the corporation make local link with society that eventually renders

CORPORATE RESPONSIBILITY 9
to greater heights of recognition as well as trust of product, cause that they hold also posses the
straight influence on excellence of life among inhabitants (Nagraj, Arora, & Gola, 2018). Apart
from improving the excellence of life, corporate responsibility has direct correlations to
communal view and as a effect, can influence selections of customers amid two given products.
As a result of such competition on the need to have a selection on two different brands, the
companies that had used or are using responsible manufacturing processes will e able to gain
increase in market share through social responsibility in different markets.
Conclusion
Corporate liability is greater than just the tendency or fad of business. Businesses
operations that need to keep on as pertinent to new originations as well as business that need to
assist individuals in want around globe while growing their profit along with competence will
profit from approval of corporate communal responsibility. Businesses that try to disregard
company responsibility dash danger to their bottom line and their products. Therefore, support of
corporate responsibility is necessary as most corporations are discovering that practice of being
communally accountable can be huge for end result together with advantageous for worker
confidence.

CORPORATE RESPONSIBILITY 10
References
Ashrafi, M., Adams, M., Walker, T. R., & Magnan, G. (2018). ‘How corporate social
responsibility can be integrated into corporate sustainability: a theoretical review of their
relationships.’ International Journal of Sustainable Development & World Ecology,
25(8), 671–681. https://doi.org/10.1080/13504509.2018.1471628
Brewer, M. K. (2018). Corporate Social Responsibility in the Age of Hydraulic Fracturing in the
United States and the United Kingdom. Creighton Law Review, 51(3), 577–602.
Retrieved from http://search.ebscohost.com/login.aspx?
direct=true&db=aph&AN=130260173&site=ehost-live
Ehsan, S., Abbas, Q., & Nawaz, A. (2018). An inquiry into the Relationship between Earnings’
Management, Corporate Social Responsibility and Corporate Governance. Abasyn
University Journal of Social Sciences, 11(1), 104–116. Retrieved from
http://search.ebscohost.com/login.aspx?
direct=true&db=aph&AN=131457745&site=ehost-live
Kelly, M. J. (2018). Atrocities by Corporate Actors: A Historical Perspective. Case Western
Reserve Journal of International Law, 50(1/2), 49–89. Retrieved from
http://search.ebscohost.com/login.aspx?
direct=true&db=aph&AN=130957809&site=ehost-live
Kumar, S. (2017). Corporate Social Responsibility (Triple Bottam line); A Technology serves
the company and Society. International Journal of Recent Research Aspects, 4(3), 118–
125. Retrieved from http://search.ebscohost.com/login.aspx?
direct=true&db=aph&AN=126083384&site=ehost-live

CORPORATE RESPONSIBILITY 11
Lather, S. (2018). Corporate Social Responsibility and its adherence to the Human Right Laws.
International Journal of Recent Research Aspects, 236–238. Retrieved from
http://search.ebscohost.com/login.aspx?
direct=true&db=aph&AN=130697687&site=ehost-live
Mussell, H. (2017). The Nature of Social Responsibility: Exploring Emancipatory Ends. Journal
for the Theory of Social Behaviour, 47(2), 222–243. https://doi.org/10.1111/jtsb.12119
Nagraj, A., Arora, H., & Gola, S. (2018). Medical Services and Corporate Social Responsibility
(CSR) approach in rural areas of Haryana. International Journal of Recent Research
Aspects, 5(2), 10–15. Retrieved from http://search.ebscohost.com/login.aspx?
direct=true&db=aph&AN=130681369&site=ehost-live
Rivera Aya, E. N. (2018). Inclusión de la Responsabilidad Social Empresarial en los currículos
de Ingeniería Industrial, Administración y Mercadeo en Colombia. Revista Mutis, 8(1),
55–64. https://doi.org/10.21789/22561498.1370
Rosolen, T., & Ferranty Maclennan, M. L. (2016). Strategic human resource management and
corporate social responsibility: Evidence from Emerging Markets. Internext: Revista
Electrônica de Negócios Internacionais Da ESPM, 11(2), 66–80.
https://doi.org/10.18568/1980-4865.11266-80
Schulze, D., Heinitz, K., & Lorenz, T. (2018). Comparative organizational research starts with
sound measurement: Validity and invariance of Turker’s corporate social responsibility
scale in five cross-cultural samples. PLoS ONE, 13(11), 1–15.
https://doi.org/10.1371/journal.pone.0207331

CORPORATE RESPONSIBILITY 12
Sharma, L. K., & Pandit, P. (2016). Corporate Social Responsibility in India. International
Journal of Recent Research Aspects, 68–72. Retrieved from
http://search.ebscohost.com/login.aspx?
direct=true&db=aph&AN=124330638&site=ehost-live
STEWART, F. L. (2018). Behind the Cloak of Corporate Social Responsibility: Safeguards for
Private Participation within Institutional Design. Indiana Journal of Global Legal
Studies, 25(1), 233–264. Retrieved from http://search.ebscohost.com/login.aspx?
direct=true&db=aph&AN=133009437&site=ehost-live
Walzel, S., Robertson, J., & Anagnostopoulos, C. (2018). Corporate Social Responsibility in
Professional Team Sports Organizations: An Integrative Review. Journal of Sport
Management, 32(6), 511–530. https://doi.org/10.1123/jsm.2017-0227
Xiaoping Liu, Lijing Mao, & Wenxiang Deng. (2018). The Influence of Consumer Mindset and
Corporate Social Responsility on Purchase Intention. Social Behavior & Personality: An
International Journal, 46(10), 1647–1656. https://doi.org/10.2224/sbp.7025
Xu, D., Wang, L., & Liu, J. (2017). Assessing the social performance of state-owned forest farms
in China: integrating forest social values and corporate social responsibility approaches.
Scandinavian Journal of Forest Research, 32(4), 338–348.
https://doi.org/10.1080/02827581.2016.1227471
Young-Ju Jin, Suk-Chul Park, & Jae-Woong Yoo. (2017). Effects of Corporate Social
Responsibility on Consumer Credibility Perception and Attitude toward Luxury Brands.
Social Behavior & Personality: An International Journal, 45(5), 795–808.
https://doi.org/10.2224/sbp.5897

CORPORATE RESPONSIBILITY 13
Zhang, X. A., & Borden, J. (2017). Linking Issue Management, Corporate Social Responsibility
and Crisis Communication: Applying Balance Theory in Crisis and Issue Management.
Journal of Contingencies & Crisis Management, 25(4), 209–222.
https://doi.org/10.1111/1468-5973.12136