Essay On Corporate Social Responsibility

1062 Words5 Pages
Corporate Social Responsibility (CSR) is a concept that means an organization has to consider the regard of the world by taking responsibility for the effects of their behaviour on customers, employees, shareholders, communities and the environment. This responsibility goes beyond the legal responsibility to comply with legislation and sees organizations taking steps to better the standard of life for employees and their families as well as for the local community and society at large. Social responsibility is a concept that has been of concern to organizations for many years. Over the last two decades, the level of concern has increased in the business world. This has resulted in growing interactions between government, businesses and society as a whole. In the past, businesses primarily concerned themselves with the economic results of their decisions. “Today, however, businesses must also reflect on the legal, ethical, moral and social consequences of their decisions” (Anderson, 1989) . This paper will discuss the concept of social responsibility, types of Corporate Social Responsibility and the benefits of having Social Responsibility. Corporate Responsibility Corporate Social Responsibility is looked at as corporate citizenship, or responsible business. It is an organizations example adopted by businesses that want to improve their organizations, communities and more. It is a self regulating system that makes the organization commit to follow the laws of business and maintain a high ethical standard. Many times, corporate social responsibility results in businesses committing themselves to certain social goods, or even an attempts to approve the environment. Corporate Social Responsibility is a organizations promis... ... middle of paper ... ...ut will ultimately have a effect on the world. Companies with the Best Corporate Social Responsibilities According to the CSR Rep Track 100 survey the top 10 companies with the best Corporate Social Responsibility reputation are Microsoft, Walt Disney Company, Google and BMW, Damlier, Sony, Intel, Volkswagen, Apple and Nestle (Lyons-Hardcastle, 2013). This is the second year in a row that Microsoft was named the number company on the CSR Rep Track survey. According to the CSR Rep Track “study results show that companies that understand how to create positive perceptions of their CSR programs gain the benefit in terms of sales and recommendations from consumers. However, even the biggest companies in the world are struggling to get their message across to consumers despite spending upwards of $100 million on a year on their CSR programs” (Lyons-Hardcastle, 2013).
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