Importance Of Corporate Social Responsibility On Todays...

Importance of Corporate Social Responsibility in today’s society Before five years, I came across a situation which led me to think about the importance and need of social responsibility by business enterprises. To start off giving a brief background, my brother was a fresh graduate from the school of architecture where he got his first individual contract in India. He had to design a mall that was planned to kick start after few years. The land where it was being constructed belonged to an old age home. It was a well-known home for old people to spend rest of their lives. Being his first project, my brother was really enthusiastic and gave in all his hard work. Later, he got to know about the old age home that was present there. He and his team were in a quandary situation of whether or not to appeal to their company’s executive board to discuss this issue. On one hand, they were pressurized by the board to complete the project in time, as millions of equities were at stake. Whereas, on the other hand, they were feeling a sense of immoral behavior on their part. His team came up with a proposal that was designed to support both, the mall and the old age home by retaining a part of this property with the latter. The proposal was rejected, and my brother and his team withdrew from that project. This experience was narrated to me by my brother, which drew me towards the need of business houses to be sensitive towards the society. Therefore, to further investigate this topic,Show MoreRelatedImportance Of Corporate Social Responsibility On Todays Society1293 Words   |  6 PagesJait Shukla ENG W 131 Essay 2 Importance of Corporate Social Responsibility in Today’s Society Before five years, I came across a situation which led me to think about the importance and need of social responsibility by business enterprises. To start off giving a brief background, my brother was a fresh graduate from the school of architecture where he got his first individual contract in India. He had to design a mall that was planned to kick start after a few years. The land where it was beingRead MoreThe Link Between Corporate Social Responsibility And The Competitive Advantage Of A Company1332 Words   |  6 PagesIntroduction The purpose of this essay is to show that the link between Corporate Social Responsibility the competitive advantage of a company is often viewed to be positive if environmental limits, social needs corporate interests are all coordinated within the given framework (Porter Kramer, 2011). Corporate Social Responsibility (CSR) can be classified as the actions of firms that contribute to social welfare, beyond what is required for profit maximization (McWilliams, 2015). EconomistRead MoreCorporate Liability : Should Corporate Social Responsibility Be Enriched Essay1641 Words   |  7 PagesCORPORATE LIABILITY, SHOULD CORPORATE SOCIAL RESPONSIBILITY BE ENRICHED IN LEGISLATION AND MADE MANDATORY? â€Å"If there is a case for having ethical codes of corporate behaviour then shouldn’t these standards be enshrined in law and enforced by the state to ensure corporations perform their duties and exercise their powers as legal persons in an ethical manner?† I. Introduction Corporate Social Responsibility (â€Å"CSR†) is often described as the measures taken by companies to manage environmental, socialRead MoreThe Social Responsibility Of Corporations Essay806 Words   |  4 PagesAbstract This paper explores the importance of social responsibility within corporations. This paper also explores â€Å"The Social Responsibility of Business is to Increase its Profits† by Milton Friedman and his stance on social responsibility. Friedman believed that corporations should not waste money on new initiatives if it was just to appease the public, especially if it went above what laws required. Examples are shown how corporations must listen to the customer or it could hurt the profitabilityRead MoreTypes Of Corporate Social Responsibility1539 Words   |  7 Pageshave changed with the times, and it burdens businesses to accept more social responsibility for the cost of doing business. In order for a business to continue to be successful in this rapidly changing business world it must accept the changes of corporate social responsibility. One of the most significant changes in today’s society is the use social media, and advertising through social media. â€Å"Corporate Social Responsibility is defined as the integration of business operations and values, wherebyRead MoreCsr : An Agenda For Inclusive And Sustained Growth Indicator Essay1711 Words   |  7 Pagespersistent ecological issues, role of CSR has been redefined and aims to broaden the societal context within which it operates. CSR acts as a commitment for attaining inclusivity and community development in order to reflect a positive impact on the society. In an increasingly fast-paced global economy, CSR acts as enabler and driving force in order to attain sustained growth where markets, communities and the organizations can perform well together so to gain better access in making decisions and maximizeRead MoreCorporate Social Responsibility : Csr1715 Words   |  7 Pagesdominating the lives of today’s world and people do not even realize how they are being swindled. The civilians of the modern society do not acknowledge how they are being used as assets to make bottom lines for the world’s most competitive companies. With so many corporations and businesses running, there is a neverending race of who can get the most consumers and profits. For companies to attract investors and customers, they use CSR, or corporate social responsibility, to gain advantages in theRead MoreBusiness Analysis : Millicom Stakeholder Report1741 Words   |  7 Pagessense of responsibility for mankind and the planet as a whole. Business is no exception. Corporations have a crucial role and responsibility in today’s society. As the power of the nation state is increasingly in decline, the influence of businesses is only expanding and intensifying. Companies and their decisions have a profound impact on communities, individuals and the environment. Therefore, these organisations must assume a significant responsibility in today’s globalised society. As BryanRead MoreCorporate Social Responsability for Supermarkets1522 Words   |  7 PagesCorporate Social Responsibility This essay will introduce analysis of the UK supermarket sector and its impacts on a wide range of stakeholders .The responsibility for buying and selling is rapidly shifting. In today’s rising global community, supermarkets have embraced corporate social responsibility as an important element of their original role in contributing to shared goals, however in addition it enhances their capacity to the base line. In addition, trade seeks to establish their own valuesRead MoreCSR in singapore Essay1667 Words   |  7 Pagesï » ¿MGMT003: Business, Government and Society Individual Assignment: Is CSR in Singapore real or lip service? Is CSR in Singapore real or a lip service? Since independence, the Singapore government has established several regulations and codes of practices in the fields of corporate governance, industrial relations, safety standards, pollution control etc. and companies are expected to meet these requirements. This had led to the adoption of implicit CSR practices in Singapore companies, with