Corporate Social Responsibility And Its Impact On Society Essay

1157 Words Sep 10th, 2015 5 Pages

For an organization, corporate social responsibility is the key issue which describes the way that a business or company takes into account the social, financial and environmental impacts of actions and decisions involved in. In simple words, corporate social responsibility is managing the business processes by the companies to produce an overall positive impact on society. “Corporate citizenship” is another term used for corporate social responsibility which is not to provide financial benefit to the company immediately but is to promote positive environmental and social change. This type of social responsibility aims for long term sustainability and an important term for consumers, investors, business, managers and employees. To gain a competitive edge, it is beneficial to develop the understanding of corporate social responsibility and to implement it in the business is the important thing.
It is more difficult to perform socially for an organization than to measure and define. There is one common criticism of corporate social responsibility which is when there is a conflict between the purposes of concept of social responsibility and business. When the actual benefit received by the community is non- existent and negligible so this is known as the other criticism of corporate social responsibility. Growing consumer cynicism is one of the serious challenges for the businesses which are involved in corporate social responsibility. For many organizations,…

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