The Concept of Corporate Social Responsibility
Corporate social responsibility (CSR) is the practice of businesses taking part in initiatives aimed at benefiting the society (McWilliams & Siegel, 2001). CSR is an inevitable practice that many forward-thinking organizations apply to embed sustainability as a long-term goal in creating shared value for the benefit of both the business and the society. Due to its inevitability in business operations and practices, I accept to a greater extent the concept of corporate social responsibility. CSR is appropriate because it ensures businesses adhere to the legal standards, ethical standards, and national norms. Moreover, CSR furthers social good that is beyond the normal interests vested in the law. Additionally, CSR protects the mission of an organization by showcasing how an organization should relate with the stakeholders. Lastly, I accept the concept of CSR because it safeguards the community and the environment.
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