Define and Discuss Social Responsibility: What it Means, and its Role in Business
Research, define and discuss social responsibility, what it means, and its role in business.
The requirements below must be met for your paper to be accepted and graded:
Write between 500 – 750 words (approximately 2 – 3 pages) using Microsoft Word.
Attempt APA style, see example below.
Use font size 12 and 1” margins.
Include cover page and reference page.
At least 60% of your paper must be original content/writing.
No more than 40% of your content/information may come from references.
Use at least two references from outside the course material, preferably from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the two reference requirement.
Reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) must be identified in the paper and listed on a reference page.Reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) must come from sources such as, scholarly journals found in EBSCOhost, online newspapers such as The Wall Street Journal, government websites, etc. Sources such as Wikis, Yahoo Answers, eHow, etc. are not acceptable.
Social Responsibility
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Social Responsibility
Corporate social responsibility is one the efforts that companies put into their community initiatives as a way of making sure that the members of a certain community are benefiting from their presence in that given community. As such, these are strategies that are directed at benefiting the community within which the company in question operates (Rajak, 2011). This can thus be considered to be giving back to the society. Given that, there are numerous ways that a company can initiate such interventions, there is a wide array of tactics to handle the approach. The company can give away a part of their proceeds or even start up efforts to develop sustainable business processes. Some of the most common approaches that a majority of the companies use include aspects such as environmental efforts, philanthropy, ethical labor practices and volunteering (Rajak, 2011).
Over the years, social responsibility has become quite popular, where most of the companies have adopted various strategies to try and incorporate the practices in their culture. Ideally, the main drive behind most of the companies adopting the corporate social responsibility strategies is so that they may establish shared value with the society. It is the community around that supports the business ventures and the operations. At the community level, there are always those problems that most of the people are struggling with (Lee & Kotler, 2013). It is such issues that community would want assistance with, in reference to lasting solutions. When companies are able to bring s...