Corporate Social Responsibility Free Essay, Term Paper and Book Report
Corporate social responsibility (CSR) is an expression used to describe what some see as a companys obligation to be sensitive to the needs of all of the stakeholders in its business operations. Companys stakeholders are all those who are influenced by, or can influence, a companys decisions and actions. Even though businesses should simply focus on making a profit, corporations are citizens in our society too and should not avoid their obligations as citizens because businesses can profit from social responsibility if consumers are aware of their efforts and businesses have the resources to help.
Businesses should simply focus on making profit to maximize returns to its shareholders. In order to attract quality workers, it is necessary for companies to offer better pay and conditions which leads to an overall rise in standards and to wealth creation. The possible scope of CSR activities is drastically narrowed because it requires that the resources applied to CSR activities must have a higher return than those resources could obtain if applied anywhere else, e.g. capital o......
Word Count: 696
Page Count: 2.7 (250 words a page / double spaced)
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