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The Concept of Social Responsibility - Essay Example

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This essay "The Concept of Social Responsibility" intends to address the social responsibility of businesses, and identify the need for social responsibility by the organization to sustain in the competitive environment along with the objective to evaluate shareholders' profit…
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The Concept of Social Responsibility
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Download file to see previous pages This can be attained by solving various issues and meeting the social requirements of the people living in the society, considering them as the end-users of the product/services (Kapoor, “Corporate Social Responsibility: Mandating Companies to Contribute towards Society”).
The paper intends to address the social responsibility of businesses, and identify the need for social responsibility by the organization to sustain in the competitive environment along with the objective to evaluate shareholders' profit that the organization makes by implementing the Corporate Social Responsibility (CSR). The paper also identifies the responsibility that a business organization possesses even if they are not directly linked with the issues witnessed in society.
CSR ensures that businesses conduct their operations and activities in order to attain their ultimate goal in an ethical way. The definition herewith reveals that the social responsibility of the business is not limited to a particular definition but operates in a wider context of the society in order to meet the different expectations of its internal and external stakeholders. In precise, CSR is the relationship between various businesses, governmental bodies and individual entities in the society wherein it is important in order to meet the business and social objectives in an ethical manner. In other words, it can be stated that CSR implies a strong relationship between the corporation and the society in which the business operates. Therefore, it can be stated that the concept of social responsibility is not only related to its business but also its stakeholders (Crowther and Aras, “Corporate Social Responsibility”). According to Mandelbaum (2007), most of the social enterprises in the USA have implemented the concept of sustainable corporate policy in their enterprises. ...Download file to see next pagesRead More
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