The Role Of Corporate Social Responsibility

Corporate Social Responsibility (CSR) in the modern day has risen to become a key component of many corporate organisations key positioning strategies. The programs are often run voluntary in order to make a positive contribution to the social and physical environment in which we live in today. This essay will entail the theory behind this phenomenon of Corporate Social Responsibility and how this can generate forms of Corporate Social Irresponsibility. The essay will detail how CSR has become a sham through features such as marketing agents, dishonesty, optional programs and Wilton Friedman’s theories. The car manufacturer ‘Volkswagen’ will be used as a true example of the downfalls of CSR today. Despite this, the true necessity of CSR practices

According to the study there is a positive relationship with CSR and CSiR. “Additional evidence for this relationship can be drawn from a study that noted, perhaps firms that tend to adopt environmentally friendly programs are often those that tend also to cause harm or to extract from it.” (Strike, Gao & Bansal 2006). CSiR conveys the idea that it is near impossible for a company to engage in socially responsible practices such as gender equality and rights of workers in the current age, largely due too the extreme pressures on profit and revenue margins. It is common knowledge that in the modern day, competition in the marketplace is stronger than ever and that due to these forces driving down prices, overhead costs to organisations are generally the first expense to be assessed and cut. Wages will be the first to fall due to low profit margins, stress upon workers and high expectations set on results rather than production processes are all consequences of competition in the workplace. All factors in which completely juxtapose the entire idea of Corporate Social Responsibility. Opposing the idea of being morally right and fair in the

The initiative has numerous benefits to the planet and working environment, from global warming through to rights of workers. Employees would adopt a sense of belonging as they feel they are apart of a positive movement and contribution toward a healthier planet. 61% of consumers have stated that they would in fact purchase a product from a socially responsible company or would switch retailers if cost and quality of the good were equal. (Stachowicz-Stanusch 2016).
In saying this, you may question where this is heading, well we can’t deny the inevitable. Yes Corporate Social Responsibility is a necessity, the practices adopted are far too important to throw away and the high expectations of the current age upon the planet far exceed the planets capabilities.
The program must become a necessity for a future for younger generations. Hence it is vital that CSR be made compulsory for all Australian/International companies and practices relative to size and scale of the organisation are carried