Corporate Social Responsibility Essay

Corporate Social Responsibility

Introduction
The sole purpose of the enterprises is not only to earn profit but they are also responsible for the development of the people and society. If the corporations continue to neglect their responsibility in the social sector then it will also eventually affect their business. Today, customers are more aware and they usually analyse a business based on their participation in the social sector. The concept of the corporate social responsibility is not very old. It emerged recently and requires the large corporations to spend a small share of their profits in the respected social projects. The concept of the corporate social responsibility is not legal but rather it is moral. It is not the legal responsibility of the large corporations to indulge in social development instead it is their moral duty to address the social needs of the people.

Discussion
Many large corporations are participating excessively with social projects namely by providing scholarships students. That being said, they had sponsored many projects in relation to environment, poverty and health along with education. Most of large enterprises is seen to engage with social projects in developing countries due to the fact that developing countries are more in need of social development as compared to the already developed countries. Hence, this leads to the only reason as why they are engage in social development projects in these countries. The concept of the corporate social responsibility has become very broad due to the increased awareness of customers and the rapid development in the information technology. The corporate social responsibility is now not only considered as a moral concept but it has been linked to the s...

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...een, that is used to distract the public from corporate corruption and scandal. Such critics argue that CSR, in and of itself, is an inadequate solution to the problem of corporate misdoings. Some opponents of CSR maintain that socially responsible ideals such as environmental sustainability are impossible to achieve within a capitalist economic system that promotes free markets and globalization . They say that although CSR has effectively penetrated most large U.S. corporations, true social responsibility will continue to evade those corporations. Meanwhile, those who continue to support CSR say they will remain adamant in their efforts to push CSR's philosophies into corporate boardrooms across the country. Business leaders need to be continually reminded that they should be working for the good of the world, and not just to fatten their pocketbooks, they stated.