"Corporate Social Responsibility is
a company's sense of responsibility towards the community and environment (both
ecological and social) in which it operates. Companies express this citizenship
through their waste and pollution reduction processes, by contributing to educational
and social programs, and by earning adequate returns on the employed
resources," (Business Dictionary.com).
Experts says that good corporate
citizenship is not just something that differentiates a company from its
competitors but today it is something that is a requirement to remain
competitive in almost any industry. In spite of this requirement many companies
do not have a budget for their CSR missions (Greene, B. 2014).
If a company does not have large funds
to spend on giving back to society with big events, it can at least empower its
employees to be CSR ambassadors. This helps employees give back to their
communities and make a difference.
For example big companies like Walmart
and McDonalds are doing their business by making sure that their production is
not harming the environment. Microsoft has committed itself to helping nonprofits
by doing work with communities. These are great examples of real CSR
initiatives.
But the question is, are CSR initiatives
become another way to gain publicity? The main purpose for any company to take up
a CSR initiative must be to bring about social change. So when a company brags
about its CSR initiatives, should we believe it for bringing about change in
the community or is it simply a publicity stunt. Experts say that when
employers engage their employees in their CSR initiatives, they genuinely want
to make a difference (Mahesha, N. 2013).
Therefore to really believe a company
when it launches its CSR initiative, we need to understand whether it wants to
make any social change and whether it involves its employees with that
initiative. If there is no ambition to bring a social change, we can blindly
assume that the company is merely looking for publicity.
Dr. Bradley Googins, Executive Director
of Corporate Citizenship at Boston College says Corporate Social Responsibility
is no longer used as a publicity generator or as a tax exemption technique by
organizations. CSR initiatives taken up by organizations are actually making a
big difference. It is helping societies all over the world (CB
Bureau, 2010).
Reference
list
CB Bureau (2010). Corporate social responsibility no more a publicity generator.
Cause Because. Retrieved from website link
Greene, B. (2014). 10 Steps to Launching a Successful CSR Program. PR News. Retrieved
from website link
Mahesha, N. (2013). Does CSR come from a good place or just another way to gain publicity?
Retrieved from website link