Corporate social responsibility (CSR) is a lot more than just good PR and a feel-good factor. It’s not just about giving back to your community, it’s also about giving back to customers and employees. In fact, employees in large corporations expect their employer to have a robust CSR program because they know it will benefit them—not only because such programs create jobs but also because they stand to benefit from any increase in goodwill towards their current employers. The benefits of CSR programs extend beyond the organization itself: companies that adopt these practices are seen as more ethical by consumers who believe that this behavior leads to better quality products at better prices. Jaynike remains your best choice for all your social media boosting and growth.
Corporate social responsibility (CSR) is a commitment by business to behave ethically
Corporate social responsibility (CSR) is a commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as that of the local community and society at large. The concept was first introduced in the 1940s by John Kenneth Galbraith, who argued that companies should operate within society rather than outside it.
According to Carolin Oelschlegel, a professor of Marketing at the University of St Gallen, corporate social responsibility (CSR) is a commitment by business to behave ethically and contribute to economic development while improving the quality of life for its employees and their families as well as those around them
CSR is a marketing strategy.
Companies use it to sell products and services by claiming to do something good while they make money from it. For example, Coca-Cola sponsors music festivals around the world because it wants people to buy more Coke. The same applies for other companies that claim they’re doing good things for society or customers by providing some kind of service or product—or even just giving away something free (which might include donating money).
While we may not always agree with these approaches (and many people find them offensive), you should remember that each company has its own reasons why they do what they do with their money and resources: if your business isn’t doing anything wrong then why should anyone care?
Employees in large corporations expect their employer to have a robust CSR program
In fact, employees in large corporations want their employer to have a robust CSR program because they know it will benefit them-not only because such programs create jobs but also because they stand to benefit from any increase in goodwill towards their current employers.
Employees may be hesitant to voice this opinion for fear of being perceived as disloyal or unpatriotic; however, there are many examples where employees have risen up against corporate misconduct and won with help from outside groups or government agencies. For instance:
- In 2011, Nestle was fined $3 million after an investigation into its baby formula factory revealed that workers were using expired products instead of fresh ones. This led to several illnesses among children who drank these products (as well as other health problems). The company instituted several reforms that included hiring additional safety inspectors and adopting higher standards for food safety at all stages of production.* In 2010, McDonald’s faced civil charges related specifically to the unsanitary conditions found within its restaurants’ kitchens.* And just last year Wal-Mart faced numerous lawsuits over employee rights violations such as wage theft and discrimination based on gender identity
Conclusion
Corporate social responsibility (CSR) is a commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as that of the local community and society at large. The idea behind CSR is that if businesses are held accountable for their actions, then they will be more inclined to take responsibility for improving their communities in order not only to avoid being sued but also because it can lead them down a path towards greater profitability over time. However, in an age when consumers are becoming more aware about what goes on behind closed doors at companies like Nike or Walmart, some companies may find themselves under fire for not doing enough to support causes that align with their emo values.
