The Importance Of Corporate Social Responsibility

This assignment will first describe the Corporate social responsibilities, The ethical and environmental awareness that a business has to have and analyse the likely positive and negative effects of the decisions that a business will take, on the employees, customers and the community at a whole.

Corporate Social Responsibility (CSR) is defined as the voluntary activities or practices undertaken by a company to operate in an economic, social and environmentally sustainable manner.

When companies lead and bend their business transparently and in an environmentally and socially responsible manner, it will help them to succeed through social licence. It is helpful for a company to extend its business overseas. Also, csr benefits a company in

c) Uses solar energy to run some operations.

Firstly, talking about the employees, every minor to major decisions made in that company directly affect them. Building a factory means new job opportunities, also the employees will need to put more hard work and time, which increases their daily wages. Competition between the coworkers also arises resulting in best and more output. Competition can also have a bad side, enmity and fights arise, which also cause firing of employees. Due to the expansion, the company might also take decisions to terminate some existing employees to save money for their future project.

Discussing about the customers and community, opening a new factory can meet their needs faster than before. Also when a factory is being constructed road transportation will improve. Local residents will be able to find more job opportunities in this factory and have a better social status. Local retailers will pay less for transportation of goods due to having a better access to the factory.

Disadvantages include more water and air pollution. Also the people nearby factory will face noise pollution. More automobiles will also increase traffic in that

Well, both community and consumers have the same disadvantages, some people feel they’re left out due to lack of social skills.The communication between seller and buyer decreases. Also more machines involving in production will eliminate the no of job opportunities.

Using solar energy for some operations will reduce the power bills, also help in motivating others to use it. It is a positive publicity for saving electricity, also an improved technology, which increases the reputation of the company and also the employees. Disadvantages of using solar energy are that only a small portion of work can be done and also needs a lot of maintenance and initial input also, It is weather dependent.

Examining about consumers and community, when they see the company using solar energy, it triggers a thought in their mind to use solar power too. It also attracts the consumers to withhold to the company for a longer time. As said before installing solar power is very expensive and needs a lot of management for small