Corporate Social Responsibility

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Corporate Social Responsibility

Corporate Social Reasonability is a commitment by a corporation to develop socially responsible policies in the areas of work and family life, community welfare, ecology and human rights. Business today has recognized that in order to be successful they must earn the respect and confidence of their customers.
Although the bottom line is the concern of any business, companies have now recognized that they have a social and moral obligation to care for the citizens of the world in which they profit.
Socially responsible corporations exist because they manage their business processes to produce a positive impact on society. The demand for easing societies problems, such as homelessness, gun violence, child abuse and human rights has grown tremendously. Simply put…Corporate Social Responsibility is about business giving back to society (Friedman).
Depending on the type of company and its location, employees, environment and general welfare of the community reflect the commitment of the company. In the global environment we live in today, there is pressure on business to participate or suffer the consequences of consumer boycotts and loss of product loyalty. Companies all over the world have come to recognize that unless they are able to sustain a reputation as a good corporate citizen by improving the lives of their employees, safeguarding the environment and communities, their profitability will suffer.
Socially responsible business strategies and practices that support and advocate a commitment to society have shown that they are beneficial to corporate profitability – the bottom line.
It wasn't always this way. Following World War II, corporate philanthropy had already become part of doing business and made companies appear to have a real concern for their fellow man. The growth of government regulators and public interest watchdogs from the Federal Communications Commission and the Federal Trade Commission to the American Civil Liberties...

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