Companies have gradually accepted the relationship between good business policies and socially responsible business practices as obligatory today. A company perceived to be consciously accountable for the decisions it makes beyond the basic profit making is generally the one that is held in high regard among general public as well as its own employees.
On the other hand, a company that is solely concerned about its own benefits and income with no sense of responsibility towards the society is more likely to attract the wrath of activist groups launching public campaigns against it, while simultaneously degrading its own image among the employees resulting in poor morale among them.
The best companies of today are increasingly devoting time and resources towards worthwhile social causes. Donating money for charities while encouraging employees to engage in socially responsible activities has become a visible trend among businesses and a majority now realizes that the ethical behavior of a company towards society is just as important as making profits. While these profits are vital to the functioning of the company and cannot be ignored, companies are aware that responding to social obligations can create higher standards of living for people within and outside the company.
In present business scenario, corporate social responsibility has become an important factor that many businesses try to implement. Organizations interested in expressing their awareness about result of their acts on others make efforts to implement CSR within their organization. Some …
How Corporate Social Responsibility helps business development Read More »
The worldwide economic crisis of 2008 has forced many business leaders across the world to revise their business strategies, devising clear-cut, long term goals instead of sticking to short term goals with improper plans that had proved to be disastrous …
Positive implications of green energy on business growth Read More »
The unstable nature of the economy in recent times has led most companies to devote resources to the system of commercial risk management which involves the recognition of threats, followed by synchronized attempts to look after the requirements of the …
Corporate Social Responsibility or CSR is the duty held by a company to ensure that it influences members of staff, society and the natural world in a positive manner. It is quite similar to an independent and basic procedure with …
Criticisms against the Adoption of Corporate Social Responsibility Programs Read More »
There exist a number of noticeable understandings in almost every line of work involving practice or enquiry that undergo a process of evolution over a considerable span of time to develop into laws. A large number of laws happen to …
It is rather evident that a lot of companies throw away large quantities of monetary resources in trying to assume the role of being accountable to the general public. However, it is necessary to bear in mind the primary reason …
In today’s world, one of the major areas of focus is on evaluating the connection which exists between society and industry. This connection can be well understood by taking into account the relationship shared by stakeholders and CSR. This is …
Young persons need to be properly educated – that is a view which has now come to be accepted as a critical topic across the globe. It is extremely hard to alter routines and standards of living, especially quite abruptly …
CSR – Social Awareness and Educational Implementation Read More »
One of the major concerns raised by the discourse on Corporate Social Responsibility or CSR is associated with the motives of the corporations – whether they are attempting to do what is considered to be right or engaging in good …
Industries, which are eager to prevent interference in their process of production through regulations or taxations, need to adopt substantive voluntary methods. They have to make sure that they are able to persuade the wider public as well as the …