Corporate Social Responsibility

• Corporate Social Responsibility (CSR) is the responsibility of an organization for the impacts of its decisions and activities on society, the environment and its own prosperity, known as the “triple bottom line” of people, planet and profit.
• Corporate Social Responsibility is a common objective in business because that’s a motivation for every business; it can help them to build a sustainable and profitable future for that business. Do the responsible, it also can help them to build brand and reputation
• One positive example:

Corporate Social Responsibility targets to help improve community living in India. CSR help them advance their welfare initiatives to the needy families and save on their time and human resources. Their goals are:

-        Support some of their programs and social service initiatives

-        Adopt a child, family, school, or a village to meet social responsibility

• One negative example:

An obvious example of bad publicity from bad corporate social responsibility is Enron, the Texan energy company that not only brought itself down but also one of largest accounting firms at that time. They collapse because of a massive debt with another company that they can’t repayment.