Businesses do not exist in isolation of their immediate community and beyond, they create products and services to serve their needs for the purpose of profit making.
The concept of corporate social responsibilitythat businesses should both self-regulate and benefit their communities, goes back to before the s.
Shortly thereafter, inthe Supreme Court ruling that corporations were legal persons citizens protected by the Constitution negated that right. So if being a good corporate citizen is voluntary, and presumably costly, why would any corporation choose to do so?
The answer is a fairly simple one: And it is paying off. But how are they doing it? How are they benefiting? And how can you follow their leads?
Just look at these three great examples of corporate social responsibility. For example, Google Green is a corporate effort to use resources efficiently and support renewable power. But recycling and turning off the lights does more for Google than lower costs.
Investments in these efforts have real-world effects on the bottom line. Google has seen an overall drop in power requirements for their data centers by an average of 50 percent. These savings can then be redirected to other areas of the business or to investors. Installing energy-efficient lights, allowing telecommuting, and recycling will not only improve your world, it will result in quantifiable cost savings that you can see in the bottom line.
Xerox The printing giant offers many programs supporting corporate social responsibility. Their Community Involvement Program encourages it by directly involving employees.
Sincemore than half a million Xerox employees have participated in the program. The return for Xerox comes not only in community recognition, but also in the commitment employees feel when causes they care for are supported by their employers.
By incorporating a limited number of billable hours per year for volunteer efforts, you will enjoy the dual effects of helping your community as well as increasing your employee morale and therefore productivity.
Perhaps organizing large group activities for charities such as Habitat for Humanity can bring your group together, and you can spread your name with inexpensive event T-shirts.
Sure, mega-corporations can have volunteer programs or philanthropic arms that focus on big-picture issues, but that seems so highbrow. If that is how you think, then take a look at Target. While many shoppers may think of it as just another big-box retailer, Target is more than just a place to buy tires and milk, they are a prime example of corporate social responsibility.
SinceTarget has been committing more and more effort and assets toward local and environmental support for the communities in which they have stores.
By supporting any good cause in your community, you provide two important factors that pay dividends. You have employees who are proud to work for you and clients who are proud to be associated with you. The financial return of either can be many orders of magnitude.
Bring These CSR Examples Home Many of these programs, such as allotted time for volunteer work and community donations which Autodesk does with its Autodesk Foundation can begin as small-scale efforts.
The cost to the bottom line will quickly be reimbursed when you see your socially active employees producing more and your supported community engaging with your firm. The bonus is that they will get so much in return.Corporate social responsibility incorporates dimensions of corporate responsibility, and corporate policy which include a company’s policy to hire minority or disabled workers, or taking a stance on social and political issues that benefit the community.
The concept of corporate social responsibility, that businesses should both self-regulate and benefit their communities, goes back to before the attheheels.com America, at the time, states had the right to invalidate a business’s license to operate should the business act irresponsibly.
Corporate social responsibility (CSR) is the concept that business has a set of multidimensional obligations to meet the expectations of society’s global stakeholders by fulfilling economic, legal, ethical, ecological, and discretionary philanthropic responsibilities.
Corporate Social Responsibility Essay Sample. Corporate social responsibility (CSR) is concerned with the relationship between the corporate sector and society, . 'Social responsibility is a form of self-regulation that businesses adopt as a part of their corporate conscience and citizenship.
Often referred to as corporate social responsibility or CSR, this policy spurs businesses to develop means to monitor the public's social perception of them as a responsible business. Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship, social performance, or sustainable responsible business/ Responsible Business) is a form of corporate self-regulation integrated into a business model.