Corporate Social Responsibility - Essay Example

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Summary

The intention of this study is the concept of Corporate Social Responsibility (CSR) that has gained considerable significance in the context of modern business corporations. Earning revenues to generate profits cannot be the one and only motive of a commercial enterprise…

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Subject: Business
Type: Essay
Level: Masters
Pages: 22 (5500 words)
Downloads: 4
Author: fsawayn

Extract of sample "Corporate Social Responsibility"

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The paper tells that business organizations themselves realize that they owe a commitment towards the society which gives them an opportunity to establish themselves, expand their operations and finally generate profits out of their activities. In the opinion of Dahl, business enterprises are formed and sustained only as a form of a favored privilege of the Government and the society. Therefore, the social citizens will never consider the business firm as an enterprise which survives only for the purpose of making profits.

The citizens through the State Government provide special rights, authorities, allowances and protections to the organizations and in return expect that the firms would undertake some activities to contribute to their well-being. Dahl emphatically declares that the existence of the business corporations is significantly dependent on the cooperation of the social citizens and therefore, enterprises have an obligation to make a positive contribution towards their living conditions. Thus, firms implement various CSR functions to fulfill their commitment towards the society at large.

From the definitions, it is evident that CSR refers to the relationship which the business corporations develop with the society within which they function. Authors Werther and Chandler have highlighted a unique aspect of the issue: CSR encompasses the commitment of the firms towards the society as well as the obligations of the social citizens towards the business corporations. In this context, society has been defined as an entity which encompasses all stakeholders and comprising groups that are involved in some way in the firm’s operations.. In the opinion of Dahl (1973), business enterprises are formed and sustained only as a form of a favored privilege of the Government and the society.

Therefore, the social citizens will never consider the business firm as an enterprise which survives only for the purpose of making profits. The citizens through the State Government provide special rights, authorities, allowances and protections to the organizations and in return expect that the firms would undertake some activities to contribute to their well-being. Dahl emphatically declares that the existence of the business corporations is significantly dependent on the cooperation of the social citizens and therefore, enterprises have an obligation to make a positive contribution towards their living conditions.

Thus, firms implement various CSR functions to fulfill their commitment towards the society at large (Banerjee, 2008 p.12). How does a firm decide on its CSR From the definitions, it is evident that CSR refers to the relationship which the business corporations develop with the society within which they function. Authors Werther and Chandler have highlighted a unique aspect of the issue: CSR encompasses the commitment of the firms towards the society as well as the obligations of the social citizens towards the business corporations.

In this context, society has been defined as an entity which encompasses all stakeholders and comprising groups that are involved in some way in the firm’s operations. The stakeholders of a corporate organization include the “consumers, employees, suppliers, creditors and supervising authorities. The local community citizens and the environment agents are also considered as the

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