Thursday, May 30, 2019

Essay --

Do you know what does corporate social responsibility mean? According to a few information from ic.gc.ca (Canada government website), embodied social responsibility abbreviated by CSR that mean the way firms integrate social, environmental and economic concerns into their values, culture, decision making, strategy and operations in a straightforward and accountable manner and thereby establish better practices within the firm, create wealth and break society. The World Business Council for Sustainable Development has described CSR as the business contribution to sustainable economic development. Building on a base of compliance with legislation and regulations, CSR typically includes commitments and activities pertaining to corporate governance and ethics, health and safety, environmental stewardship, human rights (including core labor rights), human resource management, community involvement, development and investment , corporate philanthropy and employee volunteering , customer satisfaction and adherence to principles of fair competition , anti-bribery and anti-corruption measures accountability, transparency and performance reporting, supplier relations, for both domestic and international supply chains. Generally, corporate social responsibility is usually useful for business because it can mend companys net income. However, there are a lot of discussions over the topic. Some agree that social responsibility helps boost the companys bottom line. Others say social responsibility really drags down the companys bottom line. In my opinion, corporate social responsibility can improve companys bottom line (net income). I want to talk about Sheraton hotel for interesting example to support my idea. First, Sheraton hotel is... ...l. If they are successful, they will create vane name for that company and help the company to increase revenues, profits. It means the corporate social responsibility improve companys bottom line. In conclusion, I think the corpo rate social responsibility improve companys bottom line. For these reasons, we also can see famous companies on the world they learn the corporate social responsibility policies to refer business strategy. They will assist net income of company to improve and significant rise in profits.ReferencePorter, K. (n.d.). American cancer society. Retrieved from http//action.acscan.org/site/News2?page=NewsArticle&id=8703Corporate social responsibility. (n.d.). Retrieved from http//en.wikipedia.org/wiki/Corporate_social_responsibilitycorporate social responsibility. (n.d.). Retrieved from http//www.ic.gc.ca/eic/site/csr-rse.nsf/eng/home

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