Essay on “Corporate Social Responsibility and Ethics” | Examples and Samples

 

essay on corporate social responsibility

Essay on Corporate Social Responsibility in Context of Nepal Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as . Essay Corporate Social Responsibility And Corporate Responsibility Corporate social responsibility is a fundamental factor and expectation of any business. Business responsibility is most commonly known as Corporate Responsibility (CR) or the most common term Corporate social responsibility (CSR). Jul 05,  · Corporate Social Responsibility (CSR) is without doubt a key feature of national and global corporate citizenship in a much more competitive marketplace where the need to be responsive to needs of the society is even much more pronounced with the growing demand for environmental protection as a result of continued human despoliation of the.


Corporate Social Responsibility - Free Business Essay - Essay UK


Corporate Social Responsibility CSR is a self-regulatory mechanism incorporated by essay on corporate social responsibility in their business model. The term CSR is also used for activities carried out by companies around the globe to give back to the society. The concept of CSR has been acknowledged by companies around the world and it is considered to an essential part of the operations of the companies.

In the recent past, essay on corporate social responsibility have been several advancements in the corporate world which have necessitated the need for incorporating CSR in the core business model, specifically for large scale corporations with operations situated in multiple territories all around the world.

Although CSR is largely unregulated, corporations have acknowledged that carrying out CSR activities reflects positively on their brand image. In case of financial reporting, companies are required to follow strict standardized requirements; however in case of CSR, essay on corporate social responsibility, there are no strict regulations which make CSR mandatory. Despite the lack of regulations, essay on corporate social responsibility, the regulatory authorities encourage companies to engage in CSR as expenses incurred under CSR are deductible for tax purposes depending upon local laws.

In the race to outrun their competitors, corporations conduct bigger and bigger CSR activities to earn higher goodwill among consumers. Corporations benefit from CSR as well because consumer prefer carrying out business with companies which have a positive image in the market. With regard to the benefits and drawbacks of CSR, there are varying arguments.

It is argued by some experts that CSR does not benefit shareholders as it jeopardizes the financial performance of the company. The proportion of profits that would otherwise be distributed to shareholders by way of dividends is spent in CSR activities which are not profitable or revenue-generating.

These activities are considered to be merely an expense for the corporation. Since the primary purpose of a commercial organization is to generate value for its shareholders, essay on corporate social responsibility, it is only acceptable that the organization engages in activities which generate profit.

Although it does not generate any profits directly, it does help the organization in strengthening its goodwill in the market which stabilizes, and at times, expands the consumer base of the organization resulting in greater revenues and therefore larger profits. It can be concluded that Corporate Social Responsibility is a self-regulated addition to the business model of large corporations and it is considered to be extended marketing. Despite not being a revenue generating activity, it helps the corporations strengthen their brand image and stabilize their consumer base in the market.

Corporate Social Responsibility Corporate Social Responsibility CSR is essay on corporate social responsibility self-regulatory mechanism incorporated by corporations in their business model.

 

Our Individual Social Responsibility Essay - Words | Cram

 

essay on corporate social responsibility

 

An argument for Corporate Social Responsibility and Ethical businesses. A company with good CSR policies, which demands that commercial success, be gained through positive practices that aim to promote general welfare, such as more jobs, better salaries, environmentally responsible activity and local interaction. Essay # Concept of Corporate Social Responsibility (CSR): Social responsibility of business indicates norms and obligations of decision making authority to take appropriate actions which can protect and improve the welfare of society as a whole along with protecting the interest of business concern. Corporate Social Responsibility (CSR) is a concept whereby organizations consider the interests of society by taking responsibility for the impact of their activities on customers, employees, shareholders, communities and the environment in all aspects of their operations.