Resources for this topic Corporate social responsibility CSR promotes a vision of business accountability to a wide range of stakeholders, besides shareholders and investors. Key areas of concern are environmental protection and the wellbeing of employees, the community and civil society in general, both now and in the future. The concept of CSR is underpinned by the idea that corporations can no longer act as isolated economic entities operating in detachment from broader society.
Corporate Social Responsibility Corporate social responsibility or CSR has been defined by Lord Holme and Richard Watts in the World Business Council for Sustainable Development 's publication "Making Good Business Sense" as "…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 well as the local community and society at large.
Evidence suggests that CSR taken on voluntarily by companies will be much more effective than CSR mandated by governments.
A basic community responsibility is voting in elections. Each individual is part of a larger community. Family, neighbors, tribe, village, city, county, state, region, country and the world form a larger community in the life of every human being. social responsibility: a social entrepreneur also cares about positive social, cultural, and environmental progress. to become more socially responsible because their most important stakeholders expect them to understand and address the social and community issues that are relevant to them. Corporate Social Responsibility (CSR) is a commitment to improve community well-being through discretionary business practices and contributions of corporate resources. However it is not charity but it is a core business strategy of an organization.
Every company has different CSR objectives though the main motive is the same. All companies have a two-point agenda—to improve qualitatively the management of people and processes and quantitatively the impact on society. The second is as important as the first and stake holders of every company are increasingly taking an interest in "the outer circle"-the activities of the company and how these are impacting the environment and society.
While many corporations include social responsibility in their operations, it is still important for those procuring the goods and services to ensure the products are socially sustainable.
These resources help corporations and their consumers identify potential risks associated with a product's lifecycle and enable end users to confirm the corporation's practices adhere to social responsibility ideals.
Scientists and engineers[ edit ] One common view is that scientists and engineers are morally responsible for the negative consequences which result from the various applications of their knowledge and inventions.
Committees of scientists and engineers are often involved in the planning of governmental and corporate research programs, including those devoted to the development of military technologies and weaponry. It has been pointed out that the situation is, unfortunately, not that simple and scientists and engineers should not be blamed for all the evils created by new scientific knowledge and technological innovations.
Because of the intellectual and physical division of labor, the resulting fragmentation of knowledge, the high degree of specialization, and the complex and hierarchical decision-making process within corporations and government research laboratories, it is exceedingly difficult for individual scientists and engineers to control the applications of their innovations.
The scientists and engineers cannot predict how their newly generated knowledge and technological innovations may be abused or misused for destructive purposes in the near or distant future. While the excuse of ignorance is somewhat acceptable for those scientists involved in very basic and fundamental research where potential applications cannot be even envisioned, the excuse of ignorance is much weaker for scientists and engineers involved in applied scientific research and technological innovation since the work objectives are well known.
For example, most corporations conduct research on specific products or services that promise to yield the greatest possible profit for share-holders.
Similarly, most of the research funded by governments is mission-oriented, such as protecting the environment, developing new drugs, or designing more lethal weapons. In all cases where the application of scientific knowledge and technological innovation is well known a priori, it is impossible for a scientist or engineer to escape responsibility for research and technological innovation that is morally dubious.
Furthermore, because taxpayers provide indirectly the funds for government-sponsored research, they and the politicians that represent them, i.Social responsibility is an ethical framework and suggests that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large .
Social responsibility is a duty every individual has to perform so as to maintain a . A basic community responsibility is voting in elections. Each individual is part of a larger community.
Family, neighbors, tribe, village, city, county, state, region, country and the world form a larger community in the life of every human being. Yet another positive impact corporate social responsibility has on nonprofit organizations is the possibility of corporate partnerships. These partnerships are vital to the work a corporation can do in the local community and important to a nonprofit that may not have the resources for major marketing campaigns.
Nov 09, · Social Responsibility Plan Examples Sunset Vacations is a full-service travel agency committed to providing our clients with the best travel packages and experiences available. The Effect of Corporate Social Responsibility on Profit In Today business another evident trend was the shift of focus towards developing nations, as Corporate social responsibility scholars have been deeply focused on Developed countries., companies try to align social needs to.
Corporate social responsibility (CSR) promotes a vision of business accountability to a wide range of stakeholders, besides shareholders and investors. Key areas of concern are environmental protection and the wellbeing of employees, the community and civil society in general, both now and in the future.