Wednesday, December 18, 2019

Corporate Responsibility And Corporate Social...

Stevan Jakovljevic Professor Laud MGT 3550 Values, Ethics and Sustainability 10/18/16 Chapter 3: Define corporate responsibility (CSR). Describe the benefits. Why do some executives support CSR while others find it troublesome and argue against it? Corporate social responsibility is what a company uses to self-regulate itself and refers to business practices involving initiatives that benefit society. A business’s CSR can encompass a wide variety of tactics, from giving away a portion of a company’s proceeds to charity and implementing â€Å"greener† business operations. Companies use implement Corporate Social responsibilities for various reasons and this can be argued. Large corporations have a more reasons for CSR to protect their image Corporate social benefits also have many different benefits for the company. One of the primary reasons companies use CSR is to preserve the environment. Many large corporations have had bad track records in the past when it comes to pollution and a business no matter how large has a large carbon footprint. Even if the smallest amount of effort is used in order to reduce the amount of damage they do to the environment is good and that’s why we see CSR being implemented. For a long stretch of time companies in the United States of America have been destroying the earth slowly by cutting down forests, polluting water ways and disposing of garbage in large amounts in the ocean. Now that these companies have been under attack by the people andShow MoreRelatedCorporate Social Responsibility : Corporate Responsibility773 Words   |  4 PagesCorporate social responsibility may also be referred to as corporate citizenship and can involve spending finances that do not directly benefit the company but rather advocate positive social and environmental change. 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