Corporate Social Responsibility of Business: Scope and its Overview
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5th Oct 2020
The Corporate Social Responsibility can be considered a concept where the companies voluntarily integrate the environmental and social concerns in their businesses' operations and even in their interactions with their stakeholders. The Corporate Social responsibility of an organization denotes how the companies integrate the social, general, economic, and environmental concerns of the society into their strategies, values, and operations, in an accountable and transparent manner, thus contributing to the creation of improvement and wealth in the living standard of the society on a large scale. The writers of BookMyEssay are highly qualified to deliver the contents like Corporate Social Responsibility assignment writing help.
The Objective of Corporate Social Responsibility
The objective of Corporate Social responsibility is to build into the corporate strategy of a business instead of concluding with good intentions. The CSR concept usually extends beyond the notion that introduces new problems and dimensions, thus embodied in the current law structure. There is no general acceptance of the idea of the social responsibility of business enterprises. Corporate Social Responsibility is often described as the business contribution to the sustainable economic development that includes the activities and commitment thus pertaining to the environmental concerns, health and safety, community development, human rights in relation to labor, accountability and transparency in financial reporting, customer satisfaction and fair competition, along with maintaining a relationship with the suppliers. The content of Corporate Social Responsibility assignment writing helps the students understand CSR's scope clearly.
Scope of Corporate Social Responsibility
There are certain particular areas in which the objectives of Corporate Social Responsibility have been found, and these are as discussed below:
- Energy: In terms of Corporate Social Responsibility, this area is concerned with the conservation of energy while conducting business operations and even enhancing the energy efficiency of the products of the company.
- Environment: This area of the Corporate Social Responsibility is involved with the environmental aspects of the product that covers the pollution control while conducting any business operations, repair or prevention of damage to the environment that is resulted from the processing of the natural resources along with the conservation of the natural resources.
- Human Resources: In terms of Corporate Social Responsibility, this area is concerned with the impact of the organizational activities on the people who constitute the human resources of the organization. These administrative activities include training programs, recruitment practices, job enrichment, job rotation, fringe benefit plans, wage, salary levels, etc. The students can avail the service of homework assignment help Online from the experts of our company.
- Fair Business Practices: In this area, the Corporate Social Responsibility is concerned with the relationship of the company to the special interest groups. Specifically, this area deals with the advancement of the minorities, employment of the minorities, employment of the other special interest groups, employment of women, socially responsible practices abroad, and support for minority businesses.
- Community Development: With respect to Corporate Social Responsibility, the area of community development involves health-related activities, community activities, the arts, and education, along with the other disclosures of the community activity.
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