UK20181012_05.docx - Corporate social responsibility Table of Contents INTRODUCTION.1 MAIN BODY.1 Understanding CSR.1 Benefits and drawbacks of CSR.2

UK20181012_05.docx - Corporate social responsibility Table...

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Corporate social responsibility
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Table of Contents INTRODUCTION ...................................................................................................................... 1 MAIN BODY ............................................................................................................................. 1 Understanding CSR ................................................................................................................ 1 Benefits and drawbacks of CSR ............................................................................................. 2 Why CSR is considered as detrimental to society ................................................................. 2 Why CSR is significant for today’s societies ......................................................................... 4 Stating own position based on analysis of evidence .............................................................. 4 CONLUSION ............................................................................................................................. 5 REFERENCES ........................................................................................................................... 6
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INTRODUCTION Corporate Social Responsibility (CSR) is organisational strategy to contribute towards society. In this organisations motive is to provide services and goods for the welfare of community as a compensation for the resources they acquire from society. CSR has been widely carried out by medium to large scale organisations in order to give social benefits to society and enhance brand reputation simultaneously. Though in recent years it has been witnessed that CSR activities are now become detrimental to society as organisations in order to maintain its dominance and economic status quo deceive society and natives from their cunning plan. This essay will argue on whether CSR is significant to society or is considered to be detrimental to society. MAIN BODY Understanding CSR Corporate social responsibility or CSR is an ideology, strategy or an initiative of organisations to contribute towards society from where they acquire resources in order to enhance their growth and development (Schrempf-Stirling et al., 2016). It is tenacious commitment of the companies to work ethically and contribute enhancement whilst improving quality of life of manpower, their families, environment, local communities and societies at large. CSR is all about developing and maintaining good relationships with everyone an organisation deal with such as employees, customers, suppliers, investors, funders and the community in which a firm operates. CSR became significant aspect in contemporary business world as issues such as damages to environment with increase in pollutions level, depletion of natural resources, indecorous worker’s treatment, lack of consideration to communities and jeopardy to customers. Benevolent managers transform social projects into corporate systems, subordinating the necessities of outer electorates to the requirements of organisations. Corporate social responsibility initiatives are frequently the region of a unique board, an official partner, an establishment, or public relations (Freeman and Liedtka, 1991). A few establishments with which organisations are comfortable routinely grapple with their central goal as facilitating the economic requirements of the enterprise or on the other hand accomplishing something unique. According to Suliman et al., (2016) CSR emerges from ethical management concept where firms motive is to integrate environmental, economic and social concerns along with the attention of human rights into their business operations. CSR not only foster societal 1
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development, it also enhances the brand image and goodwill of the firm within the community. It affects both internal and external environment of company positively. It
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  • Spring '16
  • Ann Tesar
  • Test, Corporate social responsibility, Freeman, Liedtka

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