The Why, When, and How of Corporate Social Responsibility

2014

This study reviews the extent to which the position, goal, and the role of Corporate Social Responsibility (CSR) in business activities as well as their implementation is ethical. Business ethics clearly should be applied in any business activities even though often experience challenges in its implementation. It is called challenges because it is not yet well established in the legal system, or even already has a set of laws, but has not been elaborated by the business. Using the method of literature research and theoretical analysis the authors highlight that business is not only profit oriented for survival, but also the norm / values of business ethics which is clearly manifested in the implementation of CSR. Thus CSR is not only complementary or decorator in business activity, but completely internalized and applied earnestly and responsibly, so that eventually create a profitable business and human at the same time.

Ethics requires freedom of action, is transversal to our activity, has a universal character, is innate and represents an absolute value. For all these reasons, it is imperative to train the managers of our society so that they do not engage in ethically objectionable behaviors, such as those that have been occurring in the countless corporate scandals of today. Therefore, the objective of this article is to research, through systematic review, the correlation between professional ethics and corporate social responsibility (CSR). For this, bibliometric analysis was performed, based on a systematic search in the Scopus database. As a result, the authors propose a new concept, that of integrative responsibility, designed to ascertain the social responsibility of companies within and outside organizations.

Ethics and Corporate Social Responsibility are recognized as important concerns in making decision in all aspects of our life. And it's contributing to accelerate the process of overall development of a nation. India being the second most populous country in the world, and have the largest number of people in need of basic amenities call for more intensive efforts as part of such initiatives in the health care space of the nation. We all know that people engage in business to earn profit. However, making profit is not the sole function of the business. It performs number of social function as it is a part of society. It takes care of those who are instrumental in securing its existence and survival. Business ethics are nothing but the application of ethics in business. It proves that business can be and have been ethical and still make profits. Today more and more interest is being given to the application of ethical practices in business dealings and the ethical implications of business. The paper delves into a comprehensive understanding of how Business Ethics and Corporate Social Responsibility involves as concept and the reason that encourage company in India to be socially responsible.

Emphasizing that ethical responsibilities of a business, is actually addressing sustainable development in all three dimensions: economic, ecological and social. The question of sustainability of business is well answered by the concept of Sustainable Development (SD), where the SD framework gives a new direction to the way Corporate Social Responsibility (CSR) was previously comprehended. In this paper, we have tried to show why in this case the framework of sustainability and sustainable development would be a more appropriate choice. The concept of sustainability, originally developed in environmental ethics and associated with the concept of sustainable development (SD), is gaining attention. This study tends to capture the CSR evolution through a vivid literature survey and find the essence at every decade till the recent past. The next phase of the study discussed the limitations of the CSR approach, the importance of sustainability in business and introduces sustainable devel...

Organization, 2013

This introduction to the special issue aims to contextualize and critically comment on the current trajectory of Corporate Social Responsibility (CSR) in both scholarly inquiry and business practice. It suggests that we must place it within the milieu of the ongoing economic crisis and the failure of a number of important opportunities to make business ethical (e.g. the 2012 Rio + 20 Earth Summit). It then suggests possible future terrain for tenable CSR research (and practice), especially in the context of widespread cynicism and disbelief regarding the claims of business ethicists in industry and the academy.

Indian Journal of Applied Research, 2011

The paper addresses the concepts of business ethics and corporate social responsibility in the old vis-à-vis the new economy. The effects of globalization and its impact on the transition from the industrial to the digital era are explored. Although the behaviour of business organizations has always had a profound worldwide impact, with the decline of the nation state economic power has, for the first time, eroded political power. Simultaneously, the undergoing revolution in contemporary information and communication technologies has significantly empowered the customer. Responding to enhanced customer awareness and sensitivity to business and social responsibility issues -coupled with consumers' increasing ability to react-companies in the digital age may be expected to develop even stronger cultures of corporate social responsibility, proactively seeking to increasingly honour their moral obligations to society in the 21st century.

The business ethics that we talk of in relation to companies contain the same issues as the ethics in the socioeconomic context to which they relate. The aspirations and ethical levels of companies operating in certain countries differ principally from those of companies operating in others, where the concerns for environment, social welfare, human rights, co-operation,etc. are quite different. The new globalized, networked economy - based on the coordinated management of knowledge, sets evolutionary trends in motion that raise the levels of ethical compulsions.

2020

Corporate Social Responsibility (CSR), is a form of corporate self-regulation integrated into a business model. CSR refers to companies taking responsibility for their impact on society. In A. Carroll’s "Pyramid of Corporate Social Responsibility" a corporation has four types of responsibilities: The first and most obvious is the economic responsibility to be profitable. The second is the legal responsibility to obey the laws set forth by society. The third, which is very closely linked to the second, is the ethical responsibility. This is to do what is right even when business is not compelled to do so by law. The fourth is the philanthropic responsibility. This refers to contributions by the corporations toward social, educational, recreational and / or cultural purposes. According to ethical and moral principles in business affairs there are three categories of managers: a. The moral managers, who are dedicated to high standards of ethical behavior, both in their own ac...

UNIVERSITY OF BENIN JOURNAL OF BUSINESS LAW, VOL 1, NO 2 (2013): pp. 187-210, 2013

The aim of this paper is to basically identify some important and knowledgeable academic and practical works from the past decades upon the concept of Corporate Social Responsibility (CSR) and its ethical content. The review will therefore gradually flow from the history of the concept, its definitions, academic and practical view of various writers, including their appraisals and criticisms as well as real live examples where applicable. It is imperative however to state that the methodology of the review is to, firstly, undertake a general over view of a number of literatures on the concept and, secondly, specifically review the classical views of some notable scholars whose views on the concept of corporate social responsibility (CSR) have become recurring reference points across literatures.