The paper "The Uses and Limits of CSR" is an outstanding example of management coursework. Corporate social responsibility or in simpler terms, responsible business. A business chooses to engage in practices bound to be in line both ethically and legally to the society with respect to either national or international standards. Corporations are required to be responsible for how any of their practices affect the society and natural environment. They are also to apply principles of sustainability; the organization’ s activities should be volitional and consider the social and environmental interests as well as in the interaction with the stakeholders.
To be socially responsible, attention must be drawn to three angles; environmental, societal and business. In the environmental perspective, organizations are to produce products that are environmentally friendly and non-harmful whereas the societal angle requires the organization to employ morally upright citizens. These fields address intricate but nonetheless critical issues such as human rights, equity, equality, environmental conservation and the interdependence between organizations and society. This report focuses on the uses of corporate social responsibilities and limitations it may face with also who stands to gain from its adoption and those may fall victim of the negative circumstances. Discussion Corporate social responsibility has various effects that a business may end up, in the long run, benefitting it at times negatively impact the business in regards to how it is adopted and how it may affect the stakeholders.
Some of the issues that may lead the business to adopt the CSR are the little role the government plays in the business sector due to its inadequate resources and many regulations also the increased want for disclosure of corporates by the stakeholders, also the customers have had an increased interest as far as its ethical conduct of the company is involved that has proven to influence the buying of their commodities, the pressure exerted on the companies by investors based on its performance and ethical conduct, competition in packages offered by rival firms where the employees do not only look at the payment package they are also concerned with the packages that fit their personalities and that are flexible with their lifestyles.
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