Share via Email Later this year, the UK Government will announce its business and human rights strategy for British business, at home and abroad, centred on the concept of corporate human rights due diligence. The ongoing financial crisis has made it much more difficult for corporations to maintain a business as usual mentality — on issues from executive pay, to tax avoidance and corruption, as well as the externalisation of social and environmental responsibilities through complex business relationships around the world. The coming years will see even greater focus on the triple bottom line financial, social and environmental and an expectation that business must always operate within the interests of wider society. Of course, few businesses have ever claimed to act against the interests of society.
Corporate Social Responsibility CSR is a concept whereby organizations consider the interests of society by taking responsibility for the impact of their activities on customers, employees, shareholders, communities and the environment in all aspects of their operations.
This obligation is seen to extend beyond the statutory obligation to comply with legislation and sees organizations voluntarily taking further steps to improve the quality of life for employees and their families as well as for the local community and society at large.
The debate about CSR has been said to have begun in the early 20th century, amid growing concerns about large corporations and their power. Some companies may implement CSR-type values without a clearly defined team or programme. The business case for CSR within a company will likely rest on one or more of these arguments: A CSR programme can be seen as an aid to recruitment and, particularly within the competitive graduate student market.
Potential recruits often ask about a firm's CSR policy during an interview and having a comprehensive policy can give an advantage. CSR can also help to improve the perception of a company among its staff, particularly when staff can become involved through payroll giving, fundraising activities or community volunteering.
In crowded marketplaces companies strive for a unique selling proposition which can separate them from the competition in the minds of consumers.
CSR can play a role in building customer loyalty based on distinctive ethical values. Business service organizations can benefit too from building a reputation for integrity and best practice.
So businesses should be more responsible for their environment. Government restriction, tariffs, globalization, environmentally sensitive areas and exploitation are problems that are costing millions of dollars for organization.
It may be apparent that in some cases, ethical implications are simply a costly hindrance that potentially forces businesses to finding alternative means to shift viewpoints.
It is certainly a potential strategic tactic to gain public support to sustain a competitive advantage. Another plausible driver of CSR is by independent mediators to ensure that corporate goals don't harm or disadvantage anyone or environment.
Unfortunately many consequential events are a reason why CSR policies become evident. But CSR opens up a whole new horizon for safer and better opportunities for both the employer and employee.
It is now for more organizations to realize the importance of CSR, and take the right step towards success.From the CSR(Corporate Social Responsibility) report of Carlsberg corporation, there is a lot of information about the contribution of it to the social.
The business ethics of Carlsberg Corporation is to create a fair and transparent business practices which it allows the public to know more about the information of the company. Social responsibility of a company essay.
Social responsibility can create a positive image of the company or enterprise and gives the company certain benefits: assist in expanding its customer base, strengthen partnerships; facilitate access to . Sep 27, · The Volkswagen case represents above all an absolute failure in terms of Corporate Social Responsibility (CSR).
The company deliberately set out to design a means to circumvent emissions control. Social Responsibility of Business Name Subject Date Social Responsibility of Business Most organizations set out policies that lead to the growth of the company’s profits.
However, these organizations also have a responsibility to benefit the society.
The Social Responsibility of Business is to Increase its Profits * An Executive Summary – The Social Responsibility of Business it to Increase its Profits The Social Responsibility of Business is to Increase its Profits by Milton Friedman The New York Times Magazine, September 13, Each of these articles represents the author’s interpretations on the interplay between “business ethics” and “social responsibility” supported by both external and personal research.
businesses are involved each other in that process. More about Business Ethics and Social Responsibility Essay. Business Ethics and Corporate.