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Corporate Social Responsibility - Coursework Example

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The study "Corporate Social Responsibility" discusses the role of a corporation within the communication process, which includes Wal-Mart, and its CSR role. The paper focuses on the importance of CSR, critical evaluation of CSR, defining Corporate Strategy, and Corporate Social Responsibility…
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Corporate Social Responsibility
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Download file to see previous pages Under the legal terms of the contract, the heads of corporations have to put their best efforts to ensure the achievement and retention of corporate objectives. It is their legal duty to serve shareholders. Shareholders and heads of corporations may slightly change their attitude towards social interests when the natural environment is being damaged because of their corporate objectives. The Exxon Valdez Oil Spill took place in the early 1990s in which approximately 10.9 million gallons had severely damaged the coastline of Alaska (earth). In this single environmental disaster, the whole sea life faced the risk of extinction; the entire ecological system of the natural environment was severely hit and this environmental disaster left devastating impacts for the generations to come. In India, the Bhopal factory explosion further unmasked the inhumane face of the corporations towards handling the environmental issues and their subsequent impacts on the entire natural environment. Forget the past! What about the latest same sort of incident in the Gulf of Mexico where British Petroleum (BP) carelessly handled the problem of the oil spill and left the entire sea life at the mercy of oil spill. Soon after that, BP was heavily fined over the mishandling of the issue. But, that action was not sufficient enough to bring back the normalcy inside the sea life and in the natural environment which was there before the incident in the Gulf of Mexico. After these horrible natural disasters at the hands of these corporations, can these corporations be called socially responsible entities? For many, it would be difficult to agree with. The majority would find it difficult to applaud the role of corporations towards their corporate responsibility. In order to justify the requirements of this paper, first, a corporation, Wal-Mart, and its CSR role have been included in this paper. Afterward, the contribution of CSR towards corporate strategy is highlighted. ...Download file to see next pagesRead More
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