What Is Csr? to What Extent Is There a Business Case for Csr?
What is CSR? To what extent is there a business case for CSR?
In the late 1960s and early 1970s, the phrase ‘Corporate social responsibility’ (CSR) came into public view. This essay will describe that what CSR is and how much profits will be taken in business for CSR. Nowadays, companies not only sell their products but also give back to the society such as being active in the charity drive, solving environment problems, spending money to making infrastructure and helping other people achieve their dreams. There are two sounds about whether a company should engage in CSR. Some people argue that money cannot be put into CSR because the only factor of business must be to maximize profits. However, on the other hand, other people state that social responsibility is a very important part of business activities. Because they believe companies cannot just make money without give back to the society. For example, Carnegie (1835-1919) believed that companies had an obligation to give back to the society, so he donated to the education and peace.
The purpose of this section is to further the meaning of what is CSR. As McWilliams, Siegel and Wright (2006) believed, CSR refers to the enterprise bears legal responsibility to the shareholders and make profits at the same time. Furthermore, it has to be responsible for employees, consumers, community and environment. With the economic and social progress, the enterprise is not only responsible for profit, but also to the environment, and bearing corresponding social responsibility. For these reasons, it is argued that first of all, the enterprises should undertake their economic responsibilities, such as expanding products and reducing the cost as much as possible. Moreover, the enterprises should make the correct decisions also protect the rights and interests of their stakeholders. Consistent with McWilliams and Siegel (2001), CSR could be defined as conditions where the firm eradicates obedience and participates in
In the late 1960s and early 1970s, the phrase ‘Corporate social responsibility’ (CSR) came into public view. This essay will describe that what CSR is and how much profits will be taken in business for CSR. Nowadays, companies not only sell their products but also give back to the society such as being active in the charity drive, solving environment problems, spending money to making infrastructure and helping other people achieve their dreams. There are two sounds about whether a company should engage in CSR. Some people argue that money cannot be put into CSR because the only factor of business must be to maximize profits. However, on the other hand, other people state that social responsibility is a very important part of business activities. Because they believe companies cannot just make money without give back to the society. For example, Carnegie (1835-1919) believed that companies had an obligation to give back to the society, so he donated to the education and peace.
The purpose of this section is to further the meaning of what is CSR. As McWilliams, Siegel and Wright (2006) believed, CSR refers to the enterprise bears legal responsibility to the shareholders and make profits at the same time. Furthermore, it has to be responsible for employees, consumers, community and environment. With the economic and social progress, the enterprise is not only responsible for profit, but also to the environment, and bearing corresponding social responsibility. For these reasons, it is argued that first of all, the enterprises should undertake their economic responsibilities, such as expanding products and reducing the cost as much as possible. Moreover, the enterprises should make the correct decisions also protect the rights and interests of their stakeholders. Consistent with McWilliams and Siegel (2001), CSR could be defined as conditions where the firm eradicates obedience and participates in
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