Corporate social responsibility Essay Example | Topics and Well Written Essays - 2500 words - 2

Corporate social responsibility - Essay Example Over the period of time, corporate social responsibilities have gained its prominence in public and business debate. Furthermore, it has affected the working strategy of business in such a way that crosses the departmental restrictions. The corporate social responsibility is referred to as the strategic alteration initiated by firms or organization is such a way that is beneficial, society friendly and ethical towards the development of community. According to Moser, Gyomlay, corporate social responsibility is viewed as increasingly central concern and widely-applied concept in decision making process of a business. Moreover, it is defined as the circumstances where a business or firm engages in accomplishment and goes beyond the compliances that go beyond the interests of the firm and based on social good. It is believed that, every corporate report, policies talk about the undertakings and activities for corporate social responsibility. This has become the primary way of ensuring t hat a firm of business is achievingand satisfying all obligations towards society. The prime purpose of the report is based on critical assessment of importance of corporate social responsibility towards business and society. Corporate social responsibility is also known as sustainable responsible business that is a practice of corporate self-regulation. It is defined as the sense of responsibly of a business or firm towards the environment and community. The citizenship is expressed by companies through contribution on social and education programs, pollution and waste reduction procedures. In early 1970, the term corporate social responsibility came in to prominence. Many multinational corporations used the word CSR to define the activities of businessthat impacted their duty and concerns towards the environment. Different researches have provided different viewpoints about the proper implementation and