Corporate Social Posibility: What Is Corporate Social Responsibility?

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What is Corporate Social Responsibility? 'Is a corporation's initiatives to assess and take responsibility for the company's effects on environmental and social wellbeing. The term generally applies to efforts that go beyond what may be required by regulators or environmental protection groups.' www.investopedia.com What is a Public Relations Consultant? 'Is a communications specialist who works as an intermediary between the public and an organization or business. The organization is dependent on the public relations consultant to effectively disseminate and communicate its mission, policies and goals to the public.' www.study.com Link between CSR and PRC As a public relations consultant I will tell you why it is important to have a good …show more content…

But having competitors usually means your product is in demand and having no competitors simply means not a lot of people want your product. ⦁ Customers- customers are your only source to your profit, knowing who your target market is, is important. You should also make sure your adverts reach your target market in order to have a customer base. ⦁ Suppliers- Making sure that you get a good quality product is very important, because then you get to give a good quality product to your customers. You also need to make sure that you get it at a good price. ⦁ Public- the public usually supports companies with a positive image. They support companies that provide jobs, pay taxes and are actively involved in Corporate Social Responsibility ⦁ Investors- investors help on funding your business, especially when you are starting your business you cannot operate your business without capital. So it is better to have shareholders, than applying for a loan that you would have to pay back with …show more content…

If a business does not make money it will loose their employees and eventually the company will close down. Legal Responsibilities Making sure that the business follows the law is important. "Legal responsibilities can range from securities regulations to Labour law, environmental law and even criminal law." www.smallbusiness.chron.com Ethical Responsibilities Ethical responsibilities are very different from the economic and legal responsibilities. Ethical responsibility is not an obligation it is about the company differentiating what is right from what is wrong and doing the right thing. It's less of an obligation and more of doing what is right or what you believe to be right. For example: paying employees fair wages and refusing to do business with oppressive countries. Philanthropic Responsibilities These responsibilities are more of what the business is willing to do, like doing social work. Helping less-fortunate people and schools etc. is an example of philanthropic responsibilities. Why every business should have a Corporate Social

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