social responsibility

Examples of social responsibility in the following topics:

• A Brief Definition of Corporate Social Responsibility

  • Companies that donate proceeds to charitable organizations are socially responsible.
  • Social responsibility in business is also known as corporate social responsibility (CSR), corporate responsibility, corporate citizenship, responsible business, sustainable responsible business, or corporate social performance.
  • Companies can demonstrate social responsibility in a myriad of ways.
  • Companies can demonstrate social responsibility in a myriad of ways.
  • Social responsibility in business is also known as corporate social responsibility, corporate responsibility, corporate citizenship, responsible business, sustainable responsible business, or corporate social performance.

• Social Responsibility Audits

  • Social responsibility audits are a process of evaluating a corporation's social responsibility performance.
  • Social responsibility audits are a process of reviewing and evaluating a corporation's social responsibility (CSR) performance.
  • As with financial audits, social responsibility audits involve accounting processes.
  • One metric that might be tested in a social responsibility audit is worker conditions in the company's plants.
  • Apply the general concept of auditing to the larger framework of social responsibility within organizations

• Early Efforts in Social Responsibility

  • Social responsibility is the idea that an entity needs to act in a way that balances its own gain with societal benefits.
  • The notion of social responsibility is far from new.
  • He argued that corporations' attempts at social responsibility were "morally wrong," as social issues and concerns were best dealt with by government.
  • Social responsibility has taken on heightened importance as a way of building trust in relationships .
  • Oil spills and other environmental disasters show the need for social responsibility.

• Social Responsibility and Welfare of Customers

  • Adopting socially responsible practices that benefit customers and society is fast becoming a competitive advantage in global business.
  • Critics argue that corporate social responsibility (CSR) distracts from the fundamental economic role of businesses.
  • In other words, social responsibility drives organizations to discover and satisfy the needs of customers in ways that also provide for society's well-being.
  • Critics of social responsibility often accuse corporate brands of "greenwashing. "
  • Apply the premise of social responsibility and customer welfare from a company's marketing perspective

• Arguments for and against Corporate Social Responsibility

  • Most arguments both for and against CSR are based on how a company's attempts to be socially responsible affect its bottom line.
  • Corporate social responsibility, also referred to as CSR, can be described as embracing responsibility for a company's actions and encouraging a positive impact through its activities on the environment, consumers, employees, communities, and other stakeholders.
  • Proponents of CSR argue that socially responsible practices can have a positive impact on the organization by improving employee recruitment and retention, managing environmental risks by reducing harmful accidents, and differentiating brand to achieve greater consumer loyalty.
  • Part of the critics' argument is that managers should not select social causes on behalf of a diverse set of owners.
  • Rather, CSR opponents believe that corporations benefit society best by distributing profits to owners, who can then make charitable donations or take other socially responsible actions as they see fit.

• The Financial Value of Social Responsibility

  • Evidence links socially responsible business practices to improved financial performance.
  • Harvard professors Michael Porter and Mark Kramer introduced the notion of "creating shared value" (CSV) as a way of thinking about the benefits of corporate social responsibility.
  • In this way, the shared value model takes a long-term perspective on the financial benefits of corporate social responsibility.
  • Proponents of these funds point to competitive returns for socially responsible indices, such as the Domini 400 (now the MSCI KLD 400).
  • Discuss the argument that the short-term costs of social responsibility generate long-term revenues exceeding those costs

• Types of Social Responsibility: Philanthropy

  • A company that practices corporate social responsibility (CSR) embraces responsibility for its actions and, through its activities, positively affects the environment, society, consumers, employees, communities, and other stakeholders.
  • In this way, these beneficiaries of philanthropy demonstrate both a responsible use of the funds they have received and evidence of their performance relative to their mission.
  • Companies engaging in philanthropic CSR can then use those results to measure the impact of their own efforts to support social causes.

• Modern Trends in Social Responsibility

  • Socially responsible trends include corporate citizenship policies, social investing, sustainable accounting & social entrepreneurship.
  • Corporate social responsibility (abbreviated CSR; also called corporate conscience, corporate citizenship, social performance, or sustainable responsible business) is a form of self-regulation integrated into a business model.
  • A socially responsible business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms.
  • Socially responsible investing is the practice of investing funds only in companies deemed to be socially responsible according to a given set of criteria.
  • Explain how the advent of socially responsible investing, sustainability accounting, and social entrepreneurship has contributed to the modernization of social responsibility

• Corporate Social Responsibility and sustainable development in the global environment

  • The topics surrounding Corporate Social Responsibility (CSR) have become more complex due to the globalization of the economy and the issues that arise from companies competing in international markets.
  • This heightened awareness of CSR and sustainable development has been endorsed by an increased responsiveness to ethical, social, environmental and other global issues.
  • As a result, companies are responding to increased public expectations of responsibility and incorporating the concept of CSR into their operating plans and strategy.
  • Corporate Social Responsibility (CSR) is a concept whereby companies integrate ethical, social, environmental, and other global issues into their business operations and in their interaction with their stakeholders (employees, customers, shareholders, investors, local communities, government), all on a voluntary basis.

• Stages of Socialization Throughout the Life Span

  • The socialization process can be separated into two main stages: primary socialization and secondary socialization.
  • While there are scholars who argue that only one or the other of these occurs, most social scientists tend to combine the two, arguing that the basic or core identity of the individual develops during primary socialization, with more specific changes occurring later—secondary socialization—in response to the acquisition of new group memberships and roles and differently structured social situations.
  • The need for later-life socialization may stem from the increasing complexity of society with its corresponding increase in varied roles and responsibilities.
  • Response: The child and adolescent may be more easily malleable than the adult.
  • Socialization is, of course, a social process.