Tom's Shoes

Introduction
Corporate social responsibility is a company’s awareness of responsibility towards the community and environment in regards to its operating location. Companies express this social responsibility through their waste and pollution reduction processes, educational and social programs, and earning satisfactory returns on the hired resources.
Examples of such CSR implementations include: giving back to the community, helping improve the community, and helping reduce carbon emissions or improving the overall environment through recycling. Numerous industries implement these practices into their business policies; a good illustration of CSR is Tom’s Shoes. Tom’s shoes are a company in which one pair of shoes are donated to needy children
Firstly, there are the financial disadvantages to maintaining a healthy social responsibility of the business. Major corporations are able to assemble a budget in order to look after their social responsibility to the community, but this case does not always reside in smaller businesses (Corporate Social Responsibility & Human Rights, 2008). Thus, disadvantaging small businesses to socially benefit from the community in regards to popularity and profits.
Another disadvantage when implementing corporate social responsibility is loss in competition. Competition is a major factor for companies as it keeps them motivated in terms of developing strategies to strive and increasing reputation in order gain popularity and profits. However, if a company were to implement CSR their profits and resources will be cut down due to the company giving back to the community (Corporate Social Responsibility & Human Rights, 2008). This will put a competitive disadvantage to the company and the competitors will thrive in profits and resources if their company does not implement CSR (see Appendix 1). Corporate social responsibility is not entirely problematic as various industries gain their popularity through
This Australian company applies fair trade ingredients into their desserts, and have developed their own dairy farm program in Vermont. This implementation in the company allows customers to know that the dairy farmers are being treated fairly and can thrive in the global economy. Ben and Jerry’s also incorporate cage-free eggs to benefit from the chickens. These certified humane cage free standards provide this company with higher quality eggs as the hens have wholesome, nutritious food and sufficient space to engage in normal behaviours (Ben and Jerry's, 2014), thus not inhumanely breeding hens for the purpose of laying eggs. This allows the hens to become more beneficial to the community as higher quality eggs have been