Corporate Social Responsibility Business Operations

Question: Discuss about theCorporate Social Responsibilityfor Business Operations. Answer: Introduction Corporate social responsibility is a business concept that refers to initiatives meant to benefit the society. Majorly CSR involves supporting projects meant to benefit the society and putting in place environment sustainability measures to avoid potential negative impact on the environment resulting from Business operations. Corporate Social responsibility is important for any business that desires to be successful because business success is dependent on its relationship with the public (Becker, 2012). Impact of Corporate Social Responsibility A company that aims at being successful should be socially responsible to its various stakeholders including its employees, the public and government agencies .There are many differences that exist between organizations that practice corporate social Responsibility and those that do not .Basically not only does corporate help the organization but also its various shareholders. Benefits to the Organization Increased Profits In my opinion a business that practices corporate social responsibility is likely to benefit tremendously form the strategy .Such a business is able to attract and maintain large pool of customers which translates to increased profits for the company. Reputation Reputation of an organization is very important. How a company competes favorably with its competitors is dependent on the reputation that it has in the eyes of the public .The reputation of the public is dependent on the activities carried out by an organization .So an organization that has in place environmental sustainability measures and which contributes to the uplifting of the living standards of the of the community where it is located through community based projects is likely to have a positive reputation. A positive reputation is what makes an organization to be prosperous while a negative reputation has the potential of crumbling a business. Access to Investment Funding Opportunities A Business whose operations are regarded as ethical and whose impact on the environment or on people is not negative can easily get funding to widen its operations .This is because agencies that are responsible for funding are likely to consider the activities which an organization engages in and their likely negative and positive impacts .This means that they can only fund operations that have potential benefits. Such organizations can also invest in other areas without any resistance from the people living in those areas. Cost Saving Additionally having in place sustainable measures can considerably reduce operation costs of organizations. Sustainable practices such as cutting on energy can be cost effective for an organization. Benefits to the Public/Community Safe Environment Corporate social responsibility ensures that organization or business enterprises do not pollute the environment (Kibert , 2012).This give the members of the community a chance enjoy a healthy and non polluted environment ensuring that their quality of life is not affected. Community Based Projects CSR also ensures that communities benefit from community based projects funded by organizations. Projects such construction of water projects such as bore holes for the community and supporting education programs serves in improving the quality of life (Jung, 2013). Benefits to Employees Encourages Personal and Professional Development Giving employees a chance to be involved in corporate social responsibility can facilitate learning of new skills which are outside their usual responsibilities. They are able to learn new approaches to doing things which can lead to their personal as well as professional development. Makes Work More Fulfilling Working on social and environmental causes makes employees work more fulfilling .this keeps the employees well motivated and reduces the amount of time that employees would have spent in seeking for fulfilling opportunities. Health and Well Being of Employees Employees working for a socially responsible organization are also able to enjoy good health and safety because of the measures put in place by their organizations. Main Issues Involved in CSR Many organizations take corporate social responsibility as being paramount to long term organization success .One of the issues involved in CSR is achievement of organizational objectives besides helping in positively impacting life of the community where they operate. Environmental responsibility is also another issue that is addressed in corporate social responsibility .CSR strategy aim at ensuring that the environment is maintained if not improved by elimination all forms of environmental pollution that are likely to result from business operations ( Sims, 2003). Of significant emphasis also is that CSR gives organizations an opportunity to be actively involved in public life through helping in generation of solutions to social problems. This ensures that good working relations with the community are maintained. All these activities contribute in maintaining a positive reputation for the organization. Legislations Supporting Corporate Social Responsibility Several governments worldwide have come up with legislations requiring business enterprises to be socially responsible so that any negative impacts on the wider society and the environment are regulated. These legislations are meant to supplement government efforts of ensuring environmental sustainability and provision of social services to make life for the public more fulfilling. Governments are also involved in human rights; they therefore use these legislations to ensure such rights are safeguarded. An example of this legislation is on by the United Kingdom Government .The government has taken a step to ensure that all organization are socially responsible to both the environment and the society .The legislation is quite effective . Recommendations for Moving Forward Corporate social responsibility has become a necessity in the current world .Because of the negative impacts on the environment that have been experienced as a result of in proper waste management as well as the challenges that continue to face many society such a slack of basic commodities such as water, food and quality education the need for Organizations to become more socially responsible has become an area of emphasis. Because of this reason all organizations should integrate a social responsibility program in their operations to ensure that they contribute positively to changing the lives of the people around them and also ensuring that they contribute in environmental sustainability. Governments should also put in place Legislations making it mandatory for all organizations by safeguarding the environment as well as maintaining the quality of life trough putting in place programs that are aimed in uplifting the status of the members of the communities where they operate. Conclusion I believe that corporate social responsibility is very important for any business that aims at remaining relevant and compete favorably with other competitors in the market. It would be appropriate therefore if all organizations became socially responsibility. The basis of my argument is the fact that corporate social responsibility benefits all the stakeholders in of an organization. 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