why social responsibility of business?
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Being a socially responsible company can bolster a company's image and build its brand. Social responsibility empowers employees to leverage the corporate resources at their disposal to do good. Formal corporate social responsibility programs can boost employee morale and lead to greater productivity in the workforce.
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Corporate social responsibility is a business's concern for the welfare of society. ... This concern is displayed by managers who take into consideration the long-term interests of the company and the company's relationship with the society it which it operates.
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['Business is a part of society. Business is a part of society. ... ', 'Long-term Self-interest of Business. ... ', 'Moral Justification. ... ', 'Creating Better Public Image. ... ', 'Avoidance of Government Regulations. ... ', 'Maintenance of Society. ... ', 'Contrary to Basic Function of Business. ... ', 'Conflict with Profit Motive.']
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As a philosophy, CSR maintains that businesses are members of the society they operate in (corporate citizens), and are therefore accountable to society for their actions. CSR ensures that companies conduct business ethically and responsibly. ... Your company's impact on the South African economy.
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Social responsibility in marketing involves focusing efforts on attracting consumers who want to make a positive difference with their purchases. Many companies have adopted socially responsible elements in their marketing strategies as a means to help a community via beneficial services and products.
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In reality, social responsibility receives only lip service. ... There are some factors and reasons which have forced and persuaded business organizations to fulfill their social responsibility which are as follows: 1. Threat of public regulation: India is a democracy where Government is expected to be welfare state.
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Corporate Social Responsibility means that a company takes steps to ensure there are positive social and environmental effects associated with the way the business operates.
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CSR ensures that companies conduct business ethically and responsibly. This means that you need to consider the impact of you business operations on society, including things like: Your company's carbon footprint and environmental impact. Your company's impact on the South African economy.
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Corporate Social Responsibility, or CSR, is a system of self-regulation for a business to become and remain socially accountable to its customers, employees, peers, and community. ... Beyond the community benefits from social responsibility, the business hopes to improve its brand image and thus profitability.
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Corporate Social Responsibility, or “CSR,” refers to the need for businesses to be good corporate citizens. CSR involves going beyond the law's requirements in protecting the environment and contributing to social welfare. It is widely accepted as an obligation of modern business.
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Arguments Against Social Responsibility Violation of maximization of the profit motive: This statement argues that business exists only for maximizing profits and businesses fulfil their social responsibility best by maximizing profits by increasing efficiency and reducing costs.
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Social responsibility is an ethical theory in which individuals are accountable for fulfilling their civic duty, and the actions of an individual must benefit the whole of society.
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The Social Responsibility And Good Governance Business Essay. ... According to Robinson and Dowson (2011), the social responsibility is described as an ethical or ideological theory in which an entity that can be an individual or an organisation has a responsibility of acting on behalf of the society.
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Corporate social responsibility (CSR) has become one of the standard business practices of our time. ... For companies, the overall aim is to achieve a positive impact on society as a whole while maximising the creation of shared value for the owners of the business, its employees, shareholders and stakeholders.
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Corporate social responsibility (CSR) is a type of business self-regulation with the aim of being socially accountable. ... In today's socially conscious environment, employees and customers place a premium on working for and spending their money with businesses that prioritize CSR.
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Social responsibility is a modern philosophy that states that all individuals and organizations are obligated to help the community at large. ... Many companies and individuals engage in social responsibility because of its benefits on their immediate community as well as their business and profitability.
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Corporate social responsibility is defined as a business system that enables the production and distribution of wealth for the betterment of its stakeholders through the implementation and integration of ethical systems and sustainable management practices.