Examples Of Corporate Social Responsibility

Corporate Social Responsibility 1 "Corporate Social Responsibility (CSR) analyses economic, legal, moral, social, and physical aspect of environment – Barnard (1938)" (Crowter & Aras, 2008). Introduction According to (Crowter & Aras, 2008), Corporate Social responsibility is a concept, which has become dominant in business reporting. Every corporation has a policy concerning CSR and produces a report annually detailing its activity. In addition, of course each of us claims to be able to recognize corporate activity that is socially responsible and the activity that is not socially responsible. In a broad sense, CSR is the relationship between global corporations,

In other words, CSR is concerned with the relationship between a corporation and its stakeholders parties affected by the corporation's activities. As cited by (Crowter & Aras, 2008), according to the EU commission [(2002) 347 final: 5] "… CSR is a concept whereby companies integrate social and environment concerns in their business operations and their interaction with the stakeholders on a voluntary basis." Organizational Social Responsibility Social responsibility is the set of obligations an organization has to protect and enhance the societal context in which it functions (Griffin, 2008). Generally, there are organizations' three areas of social responsibility, towards the organizational stakeholders, towards the natural environment, and towards general social welfare. Few organizations emphasize on all three areasequally, whereas others give greater emphasis to one or two areas. Business ethics also matters 2 because society cares (Treviño & Nelson, 2011). If the organization is not socially responsible, it might have to face severe

To be sure, all these kinds of responsibilities have always existed to some extent, but it has only been in recent years that the ethical and the philanthropic functions have taken a significant place (Carroll, 1991). The economic responsibility is the foremost among the four. This responsibility involves the production and distribution of the products and/or services the consumers need and want while realizing the acceptable profit. This is the primary responsibility for the business because without the financial strength, fulfilling other responsibility would become arguable. Fulfilling this responsibility effectively is considered to represent an important ethical purpose of business because it provided good jobs, important products and services, and contributes to a vibrant economy (Treviño & Nelson, 2011).Legal responsibilities reflect a view of "codified ethics" in the sense that embody basic 5 notions of fair operations as established by our lawmakers (Carroll, 1991). This responsibility though shown as the next layer in the pyramid, it happens to coexist