Corporate Social Responsibility ( Csr ) - 1195 Words

ESSAY: Corporate Social Responsibility (CSR) Talha Saad K151021 Corporate Social Responsibility is defined as â€Å"Accommodation of corporate behavior to society’s values and expectations†. CSR refers to corporate behavior that extent beyond the economic motives and legal requirements. OR Corporate social responsibility (CSR) can be defined as the economic, legal, ethical, and discretionary expectations that society has of organizations at a given point in time (Carroll and Buchholtz 2003, p. 36). The definition of CSR is generally concerned with what or should be the relationship between global corporations, the government of country and its citizens.†¦show more content†¦There are a number of valid reasons that CSR is a good business ethics. Business ethics knows what is morally right or morally wrong with an organizations activities and behaviors. A key point of CSR is that it recognizes the responsibility that company has to take into account if those impacts. There are many different ways an organization can support a social cause and still make profits. A good example is the Marriott Corporation, who was motivated by a desire to help the community while still helping the bottom line, by hiring and training 6000 people on welfare. Marriott was still able to cut costs and increase productivity. It can be in company’s best interest to provide a needed service within low income area. As CSR must first be sold as developing a value proposition to its own board, as it plays an important role in helping to shape and develop the value proposition. Businesses are an essential part of the society within which they operate. (Banarjee 13). The important concern given the fact that environmental conservation has become an increasingly significant for everyone in society today. With multi-corporations ranking in millions, it is only justifies that they give back the community. The disregard of the environment by a few companies when it comes to handling of industrial waste, the use of recyclable paper or sheer indifference when it comes to environmental protection is shocking. As before mentioned, CSR involves activities that