Corporate Social Responsibility: Definition and Examples Credit: Kokliang/Shutterstock. Corporate social responsibility (CSR) refers to business practices involving initiatives that benefit society. A business's CSR can encompass a wide variety of tactics, from giving away a portion of a company's proceeds to charity, to implementing . Businesses regardless of size have a large carbon footprint. Any steps they can take to reduce those footprints are considered both good for the company and society as a whole. Philanthropy: Businesses also practice social responsibility by donating to national and local charities. Businesses have a lot of resources that can benefit charities and local community programs. Ethical labor practices: By treating employees fairly and ethically, companies can also demonstrate their corporate social responsibility. This is especially true of businesses that operate in international locations with labor laws that differ from those in the United States. Volunteering: Attending volunteer events says a lot about a company's sincerity. By doing good deeds without expecting anything in return, companies are able to express their concern for specific issues and support for certain organizations. The business case for engaging in corporate social responsibility is clear and unmistakable. But consumers aren't the only ones who are drawn to businesses that give back. Susan Cooney, founder of crowdfunding philanthropy platform Givelocity, said that a company's CSR strategy is a big factor in where today's top talent chooses to work. Companies are encouraged to put that increased profit into programs that give back. Ben and Jerry's, for instance, uses only fair trade ingredients and has developed a sustainability program for dairy farms in its home state of Vermont. Buy Four Theories of the Press: The Authoritarian, Libertarian, Social Responsibility and Soviet Communist Concepts. What is the Social Responsibility Theory? Written by the Hutchins Commission on Freedom of the Press. Social Responsibility Theory Introduction to Mass Communication Mass Communication. Introduction to Mass Communication: Previous. Starbucks has created its C. A. F. E. Practices guidelines, which are designed to ensure the company sources sustainably grown and processed coffee by evaluating the economic, social and environmental aspects of coffee production. Tom's Shoes, another notable example of a company with CSR at its core, donates one pair of shoes to a child in need for every pair a customer purchases. Since only 1 percent of U. S. Not only will your company appeal to socially conscious consumers and employees, but you'll also make a real difference in the world. Keep in mind that in CSR, transparency and honesty about what you're doing are paramount to earning the public's trust, Givelocity's Cooney said. Let them feel like they have a voice. COLLOQUIUM Corporate Social Responsibility. SOCIAL RESPONSIBILITY: PRACTICE, THEORY. Some source interviews were conducted for a previous version of this article. Defining social responsibility in the media traces back to a key landmark in. What are the The Four Theories of the Press? This paper discusses the historical context of Social Responsibility Theory. The Social Responsibility Theory. Business Ethics The Law of Rules. Corporate Social Responsibility Initiative Working Paper No. It bridges theory and practice. Press Freedom and the Role of the. Liberterian theory, the social responsibility theory and the.
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