Question

BUSINESS AND SOCIETY

1-page long essay question

What is Corporate Social Responsibility?

Answer 1

Corporate social responsibility is nothing but the step taken by the organization which is beneficial for the society. Organizations is an instrument of domination and act as a single dominant system for the society whose presence or absence affects the society as a whole.

Business sustainability is an important aspect of controlling the problems of consumerism and also focus on meeting customers' needs. Sustainable business focus towards creating economic value, healthy ecosystems and strong communities. This type of business strives to meet the triple bottom-line.

Sustainability helps in shaping the future of logistics. Customers are more positive towards buying the products that are safe for them as well as the society. The important aspects of sustainable products are they are safe for the society, create positive thoughts in people's mind, minimize social and economic impact, safe for the environment and are manufactured in the right way.

In order for a company to implement corporate social responsibilities, strategic management plays important role to make sure that the organization is acting in accordance with the ethical standards. Strategic management involves formulating the mission statement which provides bigger picture about the reason for existence of the organization. Mission statement also influence the work practices that are implemented with corporate social responsibilities. Strategies help in aligning operational activities with the mission of the organization. So mission statement and strategies provide clear goal of what the organization is all about and the direction to meet the goals.

Keeping the business green and environment friendly will benefits the business. It is very important for a company to make eco-friendly changes in today’s world.

• Lots of saving and cost-cutting can be done in energy cost
• This type of change does not require lots of investment. In turn, it actually helps in saving money.
• Staff productivity can be improved by getting them involved in making the business and workplace greener. Green workplace will be healthier and safer for the employees’ health.
• Green firm attracts best employees.
• It gives legal and tax advantage by incorporating green technology in order to reduce emissions and wastes and complying with the state laws and regulations.
• It helps in improving the overall efficiency of the business by reducing waste production.
• It focus on improving sustainability by maintaining the health of the environment

Example - Coca-Cola's Green Changes can be referred as the change that has been done for the packaging of Coca-Cola in order to maintain sustainability. They introduced the concept of Green Coke in the global market in 2013.

It is the responsibility of the organization to do business ethically. Ethic is very important in business environment. Ethical culture influences the attitude and behavior of individual. It is nothing but the values and belief that contribute towards the good conduct of human being. It helps people to make right decisions and lead their life accordingly. It makes the business sustainable and more environment friendly by making safe products and minimizing social and economic impact.