The Failibility And Implications Of Corporate Social Responsibility

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Recommended: Arguments for and against the concept of corporate social responsibility

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. Therefore, CSR is an imperative interaction between leaders, organizations, society, and stakeholders.
The interaction of CSR enhances financial, social, and environmental …show more content…

Bogart (2014) research focused on organizational theory, corporate governance, corporate social responsibility, and leadership influence. Bogart (2014) postulated that the board of directors fundamentally influenced CSR efforts in the U.S. organizations and corporate social responsible leaders. This study also encouraged organizations to implement innovative approaches in leadership and corporate social responsibility to realize company and stakeholder value. This article also provides the framework and expectations for organizations to benefit society (Bogart, …show more content…

The judges considered the following characteristics: creativity, innovation, sound planning, implementation, and outcomes (PR, 2013). Moreover, MGM Resorts considers CSR as “diversity philanthropy and community engagement, and environmental sustainability” (PR,

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