Corporate and Individual Social Responsibility

Corporate and Individual Social Responsibility

Length: 372 words (1.1 double-spaced pages)

Rating: Excellent

Open Document

Essay Preview

More ↓
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.

How to Cite this Page

MLA Citation:
"Corporate and Individual Social Responsibility." 17 Feb 2019

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Corporate Social Responsibility And Csr Essay

- ... “Ethical responsibilities are responsibilities that a company puts on itself because its owners believe it 's the right thing to do -- not because they have an obligation to do so. Ethical responsibilities could include being environmentally friendly, paying fair wages or refusing to do business with oppressive countries, for example.” (Scilly) The final level or component is philanthropic responsibilities. When a company has satisfy all of their previous responsibilities they can begin making an effort to benefit society in general....   [tags: Social responsibility]

Research Papers
1301 words (3.7 pages)

Corporate Social Responsibility For The Management Essay

- Enterprises lay high emphasis on corporate social responsibility instead of being profitable tools. It is essential for all the enterprises to focus on corporate social responsibility which can help the organization creates long-term sustainability for corporate success. More specifically, corporate social responsibility can be referred as a process which is aim to embrace responsibility for the organization’s actions. Moreover, it can have a benefit to the people who are regarded as stakeholders, like employees, consumers and communities, which is based on its activities....   [tags: Corporate social responsibility]

Research Papers
1485 words (4.2 pages)

Corporate Social Responsibility ( Csr ) Essay

- In the current time of growth and progression, individuals should know that how a business not only flourish but sustain itself. Making profit is one of the main targets of every corporates but it must not be the only one. When an individual builds a company in order to do business, they should be well aware of their contribution towards the society as well as their business and employees in it. It is total strategy of all. We should be able to realize every increment contributes of it. One of the major factors that affect a business is how well it participates in Corporate Social Responsibility....   [tags: Corporate social responsibility]

Research Papers
1000 words (2.9 pages)

Sustainability And Corporate Social Responsibility Essay

- Introduction A globally sustainable organization has the ability to meet the needs of present without compromising the ability of future generations to meet their needs. Organizations are getting more and more concerned with sustainability and corporate social responsibility. A sustainable organization always give importance to the economic, social and environmental benefits when doing business. Instead of only looking for economic bottom line such as profits and shareholder returns, global firms need to pursue a balanced set of “triple bottom line”, which consists of economic, social, and environmental performance, and satisfy the demands of all stakeholder groups....   [tags: Sustainability, Corporate social responsibility]

Research Papers
1541 words (4.4 pages)

Essay on Corporate Social Responsibility : Csr

- CORPORATE SOCIAL RESPONSIBILITY [CSR] Activities of firms that add to social welfare, past what is required revenue driven amplification, are delegated Corporate Social Responsibility (CSR). The acknowledgment of CSR by business researchers and experts has a spotted history. While researchers bantered about the authenticity of CSR, shoppers and financial specialists grew clear inclinations for socially dependable firms. Huge enterprises, in expansive part, reacted emphatically, making CSR a critical component of vital administration....   [tags: Corporate social responsibility]

Research Papers
1055 words (3 pages)

Corporate Social Responsibility : Ikea Essay

- ...  Sustainability focuses on meeting the needs of the present without compromising the ability of future generations to meet their needs. IKEA wants to ensure all their customers have sustainable lives. They believe that everyone should be able to do this without spending a lot more or compromising on the quality or style. The company collaborates with their clients to see how it is they live and what types of changes they would want to see in the products and services that IKEA offers. Based on their findings, IKEA develops products that find solutions to their customer’s needs....   [tags: Corporate social responsibility]

Research Papers
1000 words (2.9 pages)

Social Responsibility And Implications Of Csr Essay

- In much of the literature, corporate social responsibility (CSR) does not have a clear working definition. Therefore, this paper will address many aspects of CSR. For instance, Gee and Norton (2013) conducted a study pertaining to the responsibility and implications of CSR. The primary conclusion of this study explained societies and stakeholders are dependent on organizational leaders to produce wealth through their organizations. Moreover, the findings from this study indicated that stakeholders view corporations and its role in society responsible and accountable for its actions....   [tags: Leadership, Management, Social responsibility]

Research Papers
963 words (2.8 pages)

Corporate Social Responsibility For Success Essay

- ... The following literature provides multiple examples of the different definitions and the history of CSR. Attig &Boubakri, Ghoul, Guedhami, (2014) describe CSR by stating it’s the act of “engaging in corporate policies and actions that generate socially desirable outcomes beyond a firm’s financial and legal obligations” (p.121). Likewise, Carrol (2015) labels CSR actions as “the economic and legal expectations that were required of business by society and that the ethical responsibility was expected and the discretionary/philanthropic was desired of business by society” (p.90)....   [tags: Social responsibility]

Research Papers
878 words (2.5 pages)

Corporate Social Responsibility Essay

- Corporate social responsibility is becoming a key initiative and an essential tool in the growth of multinational corporations and the development of third world countries throughout the globe. The two concepts can work hand in hand to provide benefits for all; however difficulties in regulating and implementing corporate social responsibility need to be overcome before effective changes can be made. Definitions of corporate social responsibility can be somewhat varied depending on the perception and perspective an individual or group has towards the situation; the definition has also varied through time....   [tags: Social Responsibility Essays]

Research Papers
1898 words (5.4 pages)

Corporate Social Responsibility (CSR), also known as Corporate Responsibility, and Corporate Citizenship

- Corporate Social Responsibility (CSR), also known as Corporate Responsibility, and Corporate Citizenship Because society is fundamentally based upon performance and profit, it is necessary to impart a sense of corporate social responsibility with regard to modern commerce. The ethical approaches of purpose, principle and consequence are integral components of business social performance; itemizing these contributions involves incorporating the interests of ethics and morality within the corporate structure....   [tags: Corporate Responsibility]

Free Essays
1292 words (3.7 pages)

Company can address the issue by using business resources and expertise.

A trade off always exists between the economic development in material sense and the welfare of the society and environment. Social responsibility means sustaining the equilibrium between the two. It pertains not only to business organisations but also everyone whose any action impacts the environment.
Return to