Corporate Social Responsibility Term Paper Example | Topics and Well Written Essays - 2500 words

Corporate Social obligation - Term Paper ExampleThey also realized that injudicious exploitation of the communities and the environment is nothing some(prenominal) than making graveyards for themselves. The importance of a healthy community and environment has been realized quite late by the corporate human. The above realization resulted in the development of topics such as corporate fond responsibility, sustainable development etc. he needs of nature and societies should be balanced with the needs of the corporate world in order to create a healthy business environment. Earlier, business world were concentrated more on their own needs which resulted in weakened relationships between the business and the society or nature. In short, current companies argon aware of doing something to the communities and the environment in which they operate. This paper briefly analyses various dimensions of corporate social responsibility. Corporate Social duty (CSR) Change is an inevitable as pect of human life. One can shoot the breeze tremendous changes in every aspect of human life if he compares the current standards of living with compliancy to that a couple of decades before. Business circle is also undergoing lot many changes over the past some decades. The introduction of globalization, privatization and liberalization forced corporate companies to implement many changes in their business strategies. Earlier, organizations were more focus increasing their profits. They did so at the expense of the interest of the people. However, current organizations realized the importance of doing something in travel by to the community in which it operates. Corporate Social Responsibility is thus evolved as a new bourne in organizational world recently. Nexen ( two hundred9) defined Corporate Social Responsibility as a inscription to behave ethically and contribute to economic development while improving the quality of life of our men and their families as well as the local community at large (Nexen, 2009). Ethics and morality are rapidly disappearing words from human life however in the corporate world, these topics are much debated ones now. Relationship building is accepted as the core of every business activity by the modern-day companies. They are keener in establishing or developing strong relationship with the community in which they operate. Companies often spike their relationship with the communities with the help of doing some favors to the communities for the re4sources they exploited from the community. In short, modern companies are so particular in protecting the community and the environment in which they operate. Corporate social responsibility is currently accepted barely as another business strategy by the modern organizations. Various dimensions of Corporate Social Responsibility (CSR) Hawkins, (2006) has pointed out that it is the society which provides both customers and resources to fulfill the business objectives of th e corporate companies (Hawkins, 2006, p.2). A company can neer operate in vacuum. Moreover, a company can never operate with the help of their own resources alone. For example, coca plant Cola is the biggest soft drink manufacturer in the world at present. It operates in more than 200 countries worldwide. The major ingredient of every soft drink is body of peeing. Coke can never generate water from vacuum. They are exploiting both ground water and under water resources to produce their soft drinks. Exploitation of water resources will create drinking water