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Social responsibility as an individual
Nature of corporate social responsibility
What is Corporate Social Responsibility
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Social responsibility is a moral principle of an entity, be it an organisation or individual, to act towards betterment of society at large. It is a duty that every firm and individual should perform so as to maintain the balance between the environment and economy. Their actions should lead towards sustainable development so as to safeguard the interests of the coming generations and at the same time fulfilling the needs of present population. The responsibility can be active, by performing activities that directly advance social goals, or passive, by avoiding any engagement in socially harmful act. Individual social responsibility is the responsibility of every individual for his/her actions. It is moral responsibility that everyone should act in such a way that they do not affect people around them. Every individual should be committed towards upliftment of various social causes. Individual, instead of fiving importance to material means should focus on welfare of others, Individual social responsibility can only function if individual rise above the self-interest and opt for options which will benefit a large number of people. Every individual can make a small contribution to society be it any form- from saving natural resources to doing charity. Corporate social responsibility is the commitment by business to behave ethically and contribute to economic development while improving the quality of life of workforce and their family as well as the local community. It helps in forming the positive image of the company. Corporate social responsibility considers the impact of the company’s action on society. Many critics of CSR are of viewpoint that it dilutes the primary aim of business and restricts the free market goal of profit maximization. Limits the ability to compete in a global marketplace. Though critics may be right in their place but CSR gives company a chance to address social issues caused by business and allow business to be the part of the solution.
Responsibility is a lot of different things and has many different parts. One part of responsibility is social responsibility. Social responsibility is being responsible for people, for the actions of people, and for actions that affect people. Social responsibility is about holding a group, organization, or company accountable for its effect on the people around it. When you do the wrong thing, many people pay for it, especially everyone that you know.
Corporate social responsibilities (CSR) have a different meaning in different company but in my view CSR is the concept which is the ability one of the companies can do for society. As the company responsibilities toward the society and environment in the way operate their business. CSR is about how companies manage the business processes to produce an overall positive impact on society. CSR also known as a “corporate citizenship” and with do that CSR is not provide an immediate financial benefit to the company but promote positive social and environmental change. (www.investopedia.com/terms/c/corp-social-responsibility). CSR is a high profile nation which the business world perceives as a strategic (Economist, 2008; Porter & Kramer, 2006)
DBQ Social responsibility is an obligation to act for the benefit of society at large. One of the many social responsibilities of a business is to maximize profits but this is not the only social responsibility of business. There are many social responsibilities to take into consideration when striving to expand and maximize your business. Wanting to maximize profit and minimize cost can be perceived as greed but this assumption is wrong. A man with a straight forward mindset , a man that won a nobel prize for his extensive knowledge and studies in business stated that there's one and only one social responsibility of business and that is
So before we go in greater detail on the different perspectives related to social responsibility, one might question the meaning of social responsibility. It is generally agreed that social responsibility is defined as the business obligation to make decisions that benefit societ...
What is social responsibility? Social responsibility is an obligation to act in a way that benefits society at large, people can do this through working to help improve Earth’s sustainability through processes such as recycling, composting, and being polite to others. Thanking a police officer or veterans for their service, or confronting consequences and accepting them are just a few examples of social responsibility. Sadly, the vast majority of individuals are not socially responsible. We are often fueled by fear, and the fear of losing power is so devastating that we make irrational and socially irresponsible decisions. Then, when those individuals work in a business or group themselves into corporations, those corporations are not socially responsible either. I have made the following promises to myself about my individual and social responsibility: Be economically responsible, be socially friendly and be a good influence on others.
Corporate Social Responsibility is the obligation from corporations to utilize their resources to aid and benefit the larger society. The four components of CSR are economic, legal, ethical, and philanthropic. Social Responsibility is a fundamental force in the wealth creation process. If correctly demonstrated, CSR should heighten competitiveness and boost the value of wealth creation to society. A company's CSR Initiatives directly represent who the company is and what it believes it. The m...
Every business has a social responsibility toward society. That means to maximize positive affects and minimize negative affects on the society. Social responsibilities includes economic-to produce goods and services, that society needs at the price, that satisfy both-business and consumers, legal responsibility-laws that business must obey, ethical responsibilities-behaviors and activities that are expected of business by society, but are not codified in the law, philanthropic responsibilities-represent the company’s desire to give back to society (charietys, volunteering, sponsoring).
Responsibility is a word used improperly too often in one’s everyday life. It is the state, to which one is acting accountably for something within his or her own power, control, and/or management. It is the ability to comprehend rational thoughts and make decisions within one’s moral compass. Beginning at a young age, we are taught the importance of responsibility on a daily basis. Whether it be on the basis of taking responsibility for foolish past actions, or behaving responsibly to develop one’s aptitude of dependability when tasks must be accomplished, the action of being responsible ultimately leads to adding meaning and value to one’s life. After reading The Responsible Company, by Yvon Chouinard and Vincent Stanley, one can begin to comprehend the true meaning behind utilizing corporate social responsibility (CSR) during business practices. Chouinard speaks about the moments in his career, where a company is encouraged and cultivated passed its ordinary human excellence to become more responsible when dealing with the many diverse environmental issues within the business cycle. Although there are many concepts and moments that Chouinard establishes as important, there are a few moments that seemed to have a deeper meaning and deserved another moment of reminiscence because it increased peoples’ sense of responsibility and capability to act responsibly.
Corporate Social Responsibility (CSR) is the set of regulations that an organization makes to protect and increase the society in which it functions. There are three areas of social responsiblity: Organizational stakeholders, the natural environment and general social welfare.
According to Mike Peng, Corporate Social Responsibility (CSR) is the consideration and response to issues beyond the narrow economic, technical, and legal requirements of the firm to accomplish social benefits along with traditional economic gains the firm seeks. CSR is a way in which a company seeks to achieve a balance between profit, environmental concerns and social imperatives. This is known as the ‘Triple-Botto...
Social responsibility is the part of the framework of an organization or individual which makes up an obligation to act for the benefit of society. There are many different ways act out social responsibility. The social responsibilities of a business can be classified according to the businesses relationships to the general public, customers, employees and investors. The companies that make their product or service with the rooted mindset of benefiting the community and the world around them do this by providing things like scholarship funds, all natural products, biodegradable storage, and or just by treating the consumer as well as the employees as individuals rather than a corporate dollar sign. Businesses may exercise
The notion of ethics deals with people’s behaviors within a company. Social responsibility involves a company’s moral obligations and the manner in which the organization makes its decisions. Although ethics and social responsibility are similar on a conceptual basis, each has its own unique characteristics that express their differences and its independence of the other. Ethics and social responsibility have to be present and coincide with one another for a business to be ethically sound.
Individual Social Responsibility is a moral belief where we as individuals, have a responsibility toward society. Being "socially responsible" is about all individuals behaving ethically and sensitively towards social, economic, and environmental issues. It is about being accountable for our actions and being conscious of the impact your actions have on others, our communities, and the environment.
Corporate Social Responsibility is management’s obligation to protect and promote their stakeholders welfare. Social Responsibility is more than just obvious ethical issues like honesty and integrity in business dealings.
However, there can be more definitions about what Corporate Social Responsibility can be. For example, Corporate Social Responsibility can be the commitment which is continuing for a business to behave ethically and bring to economy the development to improve the workforces’ of the whole society and local community and their families’ quality of life. Corporate Social Responsibility is also known as the obligation of a company to serve the society’s interest and of course its own. With the help of the Corporate and Social Responsibility, social and environmental concerns companies can integrate into their business and stakeholders operations.