The Impact Of Social Responsibility On Business...

Throughout many years, numerous business organizations around the globe have not only determined Social Responsibility to be the key concept in leading an organization to success, but also many of these companies have recognized that this is now a significant ethical practice to incorporate into their business model. Although various firms are becoming increasingly involved in Social Responsibility, the question has been raised to determine the significance of implementing this concept within contemporary organizations; which leads to the purpose of discussion in this essay: Is Social Responsibility beneficial to business organisations or it is only imposed expenditure of time and money? This essay will explore the key aspects of social responsibility such as the extended concept definitions of corporate social responsibility, performance and responsiveness. Also, this essay will provide a further insight into both the benefits and disadvantages of social responsibility; along with e vidential support of New Zealand Organisation examples who implement this business practice. In terms of business organisations, social responsibility has been identified by previous studies to possess several other interrelating concepts such as corporate social responsibility (CSR), corporate social responsiveness, and corporate social performance (CSP); however, these concepts are all viewed in a relaively broader term, namely being corporate citizenship. Although there are many alternativeShow MoreRelatedThe Social Performance Of Apple Incorporation And The Impact Of Corporate Social Responsibility On The Multinational Business Organization987 Words   |  4 Pagesyears, most business organizations have adopted various strategies that have enhanced the social performance in the society. 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