Question

Define corporate social responsibility (CSR) in your own words. Once you have defined CSR, conduct research on your favorite Fortune 500 company and determine just how (or if) the company ranks from a CSR perspective. Provide the name of the company and a link to at least one reference from your research. Do your findings change the way you will support the company in the future?

Answer 1

Corporate Social Responsibility can be defined as the organization's will to take up initiatives for the environment or for the society in order to maintain social well being. I believe that each and every organization should possess these responsibilities to some extent as mandatory because the organizations ethically should have some responsibilities towards the environment that they are working and the resources and facilities that they are using.

My favorite Fortune 500 company is Apple and there are various reasons behind that after conducting research on the organization that the company ranks 49th from a CSR perspective but it is the 3rd in the list when we talk about profit and revenue. I actually was a little taken aback by observing the huge difference in their profit rank and CSR rank and it actually has changed my mind not because it does not feature in the top list of 10 but there are organizations like Microsoft who is ranked second and I always thought Microsoft has no responsibility at all but I was wrong.

Yes, the findings regarding the CSR rank will change the way I Support the company to some extent may be a little because I always wanted my favorite organization to be a responsible organization towards the society which it may be but can actually be far better from its present situation.