Rose Ann R. Epondulan Bsba - 4 Reflection BA - 3
Rose Ann R. Epondulan Bsba - 4 Reflection BA - 3
Rose Ann R. Epondulan Bsba - 4 Reflection BA - 3
Epondulan BSBA – 4
Reflection BA – 3
Corporate social responsibility states that businesses should not only look to gain
profit but also benefit people and the environment. This essentially creates the triple
bottom line that every company must strive to meet - profit, people, and the
planet. When a company does business, there are multiple stakeholders involved with
every transaction. From the employees that supply the products or services to the
customers that purchase them, many people are affected by a single company's
operations. And even if they aren't directly involved with the business, they could still be
affected too. The goal for a socially responsible one is to bring as much of a positive
impact to the people as possible. The employees are just as responsible for the success
of a company as the board of directors. Many companies have realized the importance
of treating their employees fairly, and as such have launched CSR programs in line with
this. For example, more and more companies have started to provide healthcare
benefits to their employees. Small businesses can also improve the lives of employees
through simpler means. Improving employees' working conditions can increase
productivity, raise morale, and give them a safer environment to work in. This could be
done by installing fire alarms or purchasing safer equipment and gear for workers to
use. Customers are the final link in the supply chain and are responsible for the majority
of many companies' profits. The companies can improve the living conditions and
provide benefits to customers in various ways. The simplest way would be by improving
the company's products. The product could include more features or come at a lower
price. The companies could benefit the customer by being more accessible. Corporate
social responsibility is a concept that's slowly being integrated into even the biggest of
companies. It aims to benefit both society and the environment while also offering
benefits for the company itself. Whether they're international conglomerates in New
York or small start up across the street, companies could benefit from adopting this
framework.