Social responsibility

and therefore, They have responsibilities that are similar to those of other citizens of the country, and these responsibilities fall into four groups: 1. financial Responsibility 2. legal Responsibility 3. moral Responsibility 4. Philanthropic Responsibility The financial Responsibility is the responsibility of a business to make money. The Legal Responsibility is the responsibility to obey the letter and the spirit of the law. The moral Responsibility is the responsibility…

Friedman and Social Responsibility of Business Introduction Milton Friedman believed and argued that business people take care of the responsibilities that affect them in their day to day life. However, they don't care the impact their businesses have on the society so long as their market is growing and increasing their profits. The main reason why he argued this is because believing in a reduced impact that the government has and a free-market. He found that government solutions to problems…

Each business has the social responsibility to give back to their community which creates a vaue chain that values the customer and mediates relationships if necessary. The corporate social responsibility (CSR) creases customer loyalty which leads to solid financial performance through metrics that define the CSR. However, the CSR depends on the social responsibility the company has to provide a social responsibility to the community. Yet, the company has to have an effective model that will…

devoted great attention to corporate social responsibility(CSR). Consistent with McWilliams and Siegel(2001), we define CSR as situations where the firm goes beyond compliance and engages in ‘actions that appear to further some social good, beyond the interests of the firm and that which is required by law’. On Wikipedia, corporate social responsibility(CSR) is defined as a form of corporate self-regulation integrated into a business model. Corporate social responsibility(CSR) policy functions…

“Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders.” (United Nations Industrial Development Organization, n.d.) Corporate social responsibility at TOMS Shoes provide focus on the environmental, social and economic impacts into all facets of its operation and strategy, and responsible in giving and employee’s life (TOMS.com, 2015). This US based shoes making…

CSR is corporate social responsibility. By the abbreviation, CSR means corporation becomes responsible towards society. The actual definition of CSR is not yet clear. But according to E U Commission [(2002) 347final:5] “CSR is a concept where by companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis”. CSR is based on the concept of do “good business” for a good society- today and for the next…

values of their customers. Western consumers have started to value social responsibility among the corporations they purchase products from. Thus, Corporate Social Responsibility, (hereafter, CSR), has become integrated into many corporation 's marketing efforts to adhere to the values of its consumers. CSR and profit maximization has now become interchangeable, as corporations use advertising as a means to promote social responsibility. Additionally, advertising CSR enhances the brand image…

and growth by contributing to their surrounding local communities (Our community, 2015, np). Garratt Hasenstab, Director of Sustainability at the Verdigris Group, a real estate development and consulting firm, conclude, “Our CSR (corporate social responsibility) policy is at the core of our daily operations and guides our future progress” (Forbes, 2013, np). Hasenstab states numerous ways the business the benefits, such as, cliental growth, increased profitability and most importantly, inspire…

Corporate Social responsibility is a moral and ethical Standard of an organization. Everyone has a social responsivity to society, not just business but also individual’s .We all have to work towards building a better society. Some companies are philanthropist, having extent socially responsibility to its employees and the general community in which it operates. Some economists think a corporate social responsibility should be to maximize profit while others think it’s about giving back to the…

Corporate Social Responsibility has been defined in several ways over the past decades. Many believe that CSR is an ethical approach in which businesses considers the impact of their operations on the environment, while others argues that it is void of meaning. However, in its contemporary context CSR is brilliantly defined as corporations involved in voluntary social and environmental efforts that transcends legal and ethical regulations (Davis, 1973; Piacentini; MacFadyen, & Eadie; McWilliams…