Types Of Corporate Social Responsibility - 1539 Words

Owning a business used to mean that a when company provided a good or service to a consumer it received a profit in return. Owning a business has developed into a greater thing then the cut and dry definition previously mentioned. Society’s desires have 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, whereby the interests of all stakeholders including investors, customers, employees, local community members, and the environment are reflected in the company’s policies and actions†(Price, 2012). There are five key types of corporate social responsibilities: economic, legal, environmental, ethical and discretionary. Additionally, there are three major areas to be considered for starting corporate social responsibility in any company: incorporating policies and regulations, identifying the social needs of the customer, and realizing the financial effects of not being socially responsible as a business. Using these areas as the foundation for creating a company’s corporate social responsibility policy can help define the best interestsShow MoreRelatedWhat Does Corporate Responsibility Mean1518 Words   |  7 PagesWhat Does Corporate Social Responsibility Me an? Corporate initiative to assess and take responsibility for the company s effects on the environment and impact on social welfare. The term generally applies to company efforts that go beyond what may be required by regulators or environmental protection groups.  Ã‚   Corporate social responsibility may also be referred to as corporate citizenship and can involve incurring short-term costs that do not provide an immediate financial benefit to theRead MoreCorporate and Social Responsibility997 Words   |  4 PagesBirch (2002). Social, Economic and Environmental Capital. Corporate Citizenship in a New Economy. Deakin University, Melbourne J.M. Darley (2005). How Organizations Socialize Individuals into Evildoing In recent years, Corporate and Social Responsibility has become an ever increasing concern and source of community debate. It is now socially accepted that corporations have some ongoing responsibility, though sometimes ignored, to set a good example, make decisions based on social good and onRead MoreEssay on Corporate And Social Responsibility988 Words   |  4 PagesCorporate And Social Responsibility In recent years, Corporate and Social Responsibility has become an ever increasing concern and source of community debate. It is now socially accepted that corporations have some ongoing responsibility, though sometimes ignored, to set a good example, make decisions based on social good and on ensuring positive environmental practices. The two articles reviewed both focus on this corporate responsibility but they have very different approaches and drawRead MoreJapan s Corporate Social Responsibility989 Words   |  4 Pagesthat are inherent with these types of corporations. In this occurrence, it is important to have a global mindset. This mindset is simply the ability to appreciate and influence individuals of different cultures, organizations, levels of education, or any other diversity of differences. This mindset deems it necessary for corporations in this situation to have a strategy in developing positive public relations. This strategy is known as corporate social responsibility. In the article, seven case studiesRead MoreThe Truth About Corporate Social Responsibility1111 Words   |  5 PagesTHE TRUTH ABOUT CORPORATE SOCIAL RESPONSIBILITY: CASE STUDY Introduction Corporate social responsibility has been one of the strategies that has been adopted by various corporations across the global business arena. The concept of corporate social responsibility came about because of the increased pressure of the businesses to have concern and discipline over the organizational stakeholders. Many businesses have successfully achieved their goals by embracing these practices and have influenced manyRead MoreCorporate Social Responsibility ( Csr )1370 Words   |  6 Pagesmore attention on the concept of Corporate Social Responsibility (CSR). The core issue is the appropriate responsibility of business. In as much as firms ought to obey the law, but beyond complete compliance with environmental laws, the question is whether firms have extra social responsibilities to commit part of their resources to environmental preservation voluntarily. This memo provides an exploratory investigation of the link between corporate social responsibility and the benefits accruing to aRead MoreAchieving Fit for Corporate Social Responsibility631 Words   |  3 PagesAchieving Fit for Corporate Social Responsibility Evaluating the measure of corporate social responsibility (CSR) is as much an attempt to ascertain ethical conduct of interactions with stakeholders, as it is a management tool of to limit liability. A research summary of Corporate Responsibility Best Practices, notes that 72% of NYSE Euronext traded firms surveyed have a formal corporate responsibility programs in place (Corporate Responsibility Officer Association, 2011, p. 6). Just 20% of theRead MoreEssay on managerial ehics1410 Words   |  6 PagesComplete Discussion Questions 3, 4, and 5 on page 27 of Business and Society. 3. Identify and explain the major factors in the social environment that create an atmosphere in which business criticism takes place and prospers. How are the factors related to one another? Has the revolution of rising expectations run its course? Or is it still a vital reality? Affluence refers to the level of wealth, and standard of living of the society. As the standard of living is increasing every year, peopleRead MorePersonal Motives For Corporate Social Responsibility933 Words   |  4 Pagesfor Corporate Social Responsibility (Graafland, J. Mazereeuw-Van der Duijn Schouten, C. 2012) analyze the motivations of directors to take responsibility for the labor, environmental and social aspects in business. It distinguishes the Corporate Social Responsibility (CSR) by conducting a survey consisting of a sample of 473 executives. What is more, the motives are classified as three types: â€Å"financial motives†, which is external, â€Å"ethical and altruistic† which are internal. the corporate socialRead MoreCorporate Social Responsibility779 Words   |  4 PagesPolytechnic University of the Philippines Sta. Mesa, Manila College of Business Submitted by: Ramizares, Riza Marie M. BSBA HRDM 4-6N Submitted to: Professor Celso D. Torreon Corporate Social Responsibility Corporate Social Responsibility * Organizational Culture is the behavior of humans who are part of an organization and the meanings that the people attach to their actions. Culture includes the organization values, visions, norms, working language, systems, symbols, beliefs