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Corporate Social Responsibility

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Corporate Social Responsibility

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  • December 2, 2013
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An organization that is able to handle change throughout its internal & external environment is meant to succeed. Corporate Social Responsibility is one paradigm that is the first to get affected with any kind of change in the organization. This study will relate whether strategic changes in an organization with respect to Corporate Social Responsibility activities are easily taken by the internal and external environment of an organization just because it is a Corporate Social Responsibility activity or it has to face challenges while implementations. As a strategic change in expected to bring a change in the business policy of the organization they may face challenges from the internal as well as the external environment of the organization. 1. What is CSR?

Corporate Social Responsibility is about management inventiveness and systems, and about how companies manage the social impact of their activities. Corporate Social Responsibility activities require the company’s total responsibility for the impact they cause by their business activities to all stakeholders and to the environment as a whole. Corporate Social Responsibility emphasize that any corporation could not act solely as an economic entity only separate from the surrounding environment. Corporate Social Responsibility is said to be done to address both company’s own competitive interests and the interests of wider society. Some of the best said definitions of Corporate Social Responsibility is: “Corporate Social Responsibility is the realization of business contributions to sustainable development goals. It refers to how business takes account of its economic, social and environmental impacts in the way it operates, maximizing the benefits and minimizing the downsides.” (World Bank, 2006) “Either motivated by a social conscience, the need of integration, legitimacy or market pressure, Corporate Social Responsibility comprises social obligations as the result of the economic, legal and ethical...