Corporate Social Responsibility (CSR)

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Issue Brief, Corporate Social Responsibility (CSR) Introduction Corporate Social Responsibility has become increasingly important in today’s society; it is about what organisations do over their legal requirements to make a positive contribution to society and the environment. This ensures that organisations operate socially responsibly wherever they operate while looking after the environment and community (Christine A. Mallin, 2009). All enterprises are accountable for not only their financial performance but, also for their social and environmental record (Michael Blowfield and Alan Murray,2008). CSR is about organisations doing more for the environment and society than their legal minimum by choice (Thornton Bradshaw and David Vogal, 1981). …show more content…

There are many benefits to be found through having a socially responsible management system; each and every organisation will find that its benefits differ from other organisations. Enterprises participating in CSR may find improvements, for example; in their financial performance, increase in productivity as well as giving them a competitive advantage in the marketplace. Being socially responsible demonstrates that’s businesses are being accountable for how they operate in an environment, it promotes confidence to its stakeholders that is behaves in a socially responsible manner (Ian Rosam and Rob Peddle, …show more content…

A smaller organisation is likely to be socially responsible on a smaller scale, for example minimising waste, planting trees and putting back goods into the community. Meeting the needs of society is an opportunity for businesses to develop ideas and demonstrate business technologies (Harvard Business School Press, 2003). It tends to be more of a social aspect of the business. There is no right or wrong way to achieving social responsibility, although there are some common activities many firms following a CSR system may do. The main idea of CSR is to make a positive contribution to the environment and be responsible for your own waste, this means discarding of their waste in a non-harmful way, or reducing the amount of waste they create. Firms may even choose to buy their goods from local suppliers, helping support their local

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