Four Responsibilities Of CSR

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The main objective for a business is profit as it is the essential survival and growth of business enterprises. However, this is just the primary goal. In a company, people cooperate with each other to achieve one successful business. Most companies use the method of Social Corporate Responsibility (CSR) to work on business ethics, develop it economically as well as to improve the quality of the work style and production. CSR is defined as a form of corporate self-regulation combined into a business representative. Many debates and reports focus on the nature, benefit or business opportunities that can be achieved when performing corporate social responsibility. For that, CSR can be "a source of opportunity, innovation, and competitive advantage"…show more content…
If a business loses money, with no doubt will the business itself be lost. As the business goes down, employees will have lost their jobs, and by losing their jobs, the business will lose its function and so will shut down. This will make it difficult for the business to take care of social responsibilities. Before a business works into being a satisfying corporate citizen, it should make its profit first. Secondly; there is legal responsibilities, a business’ legal responsibilities are the regulations that are made by the law. After guaranteeing it is profitable, it should ensure that it complies with all laws. Legal responsibilities can vary from securities regulations down to environmental law, labour law and criminal law. Thirdly; ethical responsibilities; this is when a business puts on itself as its owners believes it is the ethical thing to do, not because they have the responsibility to do so. Lastly; philanthropic responsibilities, this includes putting an effort to benefit society, for example, giving money to charity, donating services to the local community organizations and engaging in projects to help the environment (M. Scilly, 2016). These four are the activities that a business may carry out to be called a corporately and socially responsible…show more content…
Raising money for charities, expanding local economic growth and hiring local workers are part of the community involvement. Businesses that ethically market to their consumers are treating them with full respect and higher values, they avoid false advertisement to the consumers. This is important for businesses that want to have a reputation ethnicity. Google is one of the biggest companies in the world that I support. It has firmly been committed to Philanthropy and accomplished what many consumers have wanted. It has provided educational, global and its safety use. The bottom-line benefits of CSR in businesses is decreasing the cost and risks, gaining competitive advantage as well as developing, keeping its legitimacy and its reputation (Carroll & Shabana, 2011). The six business reasons why companies should engage to corporate social responsibility is because of its innovation, cost savings, brand differentiation, long-term thinking, customer engagement and employee engagement (Forbes.com, 2012). Innovation is a huge benefit to the businesses and society. Without it, the company’s research and development might not have its products at its best. Cost saving can be either by reducing packaging or the energy, these savings help both the producers as well as the consumers. Brand differentiation is difficult to have nowadays as many products are similar such as Pepsi
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