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corporate social responsibility CSR also
called corporate conscience corporate
citizenship social responsibly or
responsible business is one of the most
important business ethics quality for an
organization to become successful it
began to develop in the 1970s along with
business ethics the importance of social
responsibility as it can decrease any
undesirable characteristics towards an
organization image in business ethics
there are four level of social
responsibility which include economics
legal ethical and philanthropic the
reputation of an organization is very
important and implementing social
responsibility can increase positive
satisfaction results towards
stakeholders and customers CSR 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 the binary
choice between complying with the law
and going beyond the law must be
qualified with some nuance in many areas
such as environmental or labor
regulations employers can choose to
comply with the law to go beyond the law
but they can also choose to not comply
with the law such as when they
deliberately ignore gender equality or
the mandate to hire disabled workers
there must be a recognition that many
so-called hard laws are also known as
weak laws weak in the sense that they
are poorly enforced and with no or
little control and I know a few
sanctions in case of non-compliance weak
lama's not be confused with soft law the
aim is to increase long term profits and
shareholder trust through positive
public relations and high ethical
standards to reduce business and legal
risk by taking responsibility for
corporate actions see as our strategies
encourage the company to make a pause
of impact on the environment not only on
the organization's but on stakeholders
including consumers employees investors
communities competitors and other
instead of creating a negative impact
towards them csr has a neutral impact on
financial outcomes investors are
increasing the demand every year for in
organizations to develop socially
responsibility which increases a
company's performance level and positive
and effective way some issues revolving
social responsibility are consumer
protection issues sustainability and
corporate governance critics questions
aloft II and sometimes unrealistic
expectations in CSR or that CSR is
merely window dressing or an attempt to
preempt the role of governments as a
watchdog over powerful multinational
corporations proponents argue that
corporations increase long-term profits
by operating with the CSR perspective
while critics argue that CSR distracts
from businesses economic role corporate
governance is another major issue with
social responsibility there are less
unethical decisions made when corporate
governance is involved political
sociologists became interested in CSR in
the context of theories of globalization
neoliberalism and late capitalism some
sociologists viewed CSR as a form of
capitalist legitimacy and in particular
point out that what began as a social
movement against uninhibited corporate
power was transformed by corporations
into a business model and a risk
management device often with
questionable results CSR is titled to
aid an organization's mission as well as
serve as a guide to what the company
represents for its consumers business
ethics is a part of applied ethics that
examines ethical principles and moral or
ethical problems that can arise in a
business environment
iso 26,000 Anders for CSR public sector
organisations the United Nations for
example adhere to the triple bottom line
TBL it is widely
accepted that CSR adhere to similar
principles but with no formal act of
legislation
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