Corporate Social Responsibility
Author:
Genre: Management

Write a 3000 word essay debating the following statement:Corporate social responsibility provides greater benefits to the organisation than it does to society and other stakeholders.

About the Book

Corporate Social Responsibility

Introduction

Corporate Social Responsibility (CSR), term that was coined in 1960, has since then seen diverse discourses on CSR just being window dressing for corporation to actually creating value for the organization, Society and environment. The essays starts by defining and understanding the term CSR as there has been ubiquity of its means, scope and relevance. Further section tries to analyze rationale behind Friedman’s influential essay about ‘The Social responsibility of business is to increase its profit’. Next section provides a counter view to Friedman’s essay by critically analyzing contemporary discourses of corporate responsibility and its benefits to organization. Final section describes about how CSR can help creating value for the organization, society and environment. I conclude this essay by discussing fundamentals of CSR that actually benefits organization more than other society and other stake holders.

Corporate Social Responsibility

A company is said to practice CSR if it makes profits, obeys the laws, is ethical, and is a good corporate citizen (Carroll, 1991). Yet there is lot of ambiguity in terms of it definition, its structural foundation and scope. A search in 2011 on Google revealed over 12 million hits for the term “Corporate Social Responsibility”. It clearly shows that people are talking and reading about it but at the same time they lack clarity on CSR. Also, as (Schwartz & Saiia, 2012) argues, appropriate definition and scope of CSR becomes much more problematic when real case examples are considered.

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