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I think that's an amazing question!!!
Big Corporations are obligated to contribute to society ethically, economically, conciously about people's healt and as a part of environmental science.
When it comes to the community there are issues such as working places, local producers, protecting the environment, protecting people's health, fair trade etc.
For example, a company can contribute to human's health by sharing information about their product's ingredients. Most of the time they are not good for your health such as aspartan or salt and sugar in Mc' Donald's. However, since there are both sides on supporting and closing this business because it is a threat to society the company can enrolle in a health related issues such as creating sports sites or as they did give information of the RDA calories that are in a single menue.
In other companies associeated with heavy metals or gas, companies are obligated by law to contribute to Green Energy to reduce taxes and provide working places for local users.
Or make donations to a place that contributes to society such as a library, hospital or medical care.
I think any company can contribute to the wider community not only with informing about their products, satisfying needs in the market which is all in the business own interest, but also in engaging in CSR activities. This is not only meant for larger, sucessfull companies but also any small company can contribute. This is done through engagement in environmental issues, human aid in development contries, or specific selected targets that the company wants to support. As companies has a great influence on economical issues in the society through employing people or paying taxes some managements think this is enough and the rest of the profit should return to the shareowners. This is in my opinion a very short and narrow perspective as we can all contribute to others not only as private persons.
business organizations has a big responsibility to educate the wider community and globally about their product, and present products which are really necessary for this community, as satisfying the needs and wants of it is one of the most important responsibility
CORPORATE SOCIAL RESPONSIBILITY : If only people, business organizations could understand the true meaning, sense and purpose of those words.
This is the time government planning to collect some percentage of companies profit as corporate social responsibility. Some countries already made the amendment to contribute some percentage of profit to corporate social responsibility. I feel it is wrong. CSR to the public is a wide subject. Just contributing contributing certain percentage of companies profit cannot be justified, because what corporate want always it happen.
Corporate need to involve and emphasize on peoples eductaion and cultural dovelopment. for example it can be done or improved by using more technology depend upon the geography as and when required. It is a prooved funda that educated geography have less crime less un ethical rulling compare to un doveloped geography.
In my opinion ,contributing to the well- being of humanity (Economically, environmetally, Ethically) is the core organizational responsibilty that businesses should maintain regardless of their scale.
business organizations has a big responsibility to educate the wider community and globally about their product, and present products which are really necessary for this community, as satisfying the needs and wants of it is one of the most important responsibility and To get the customer satisfaction and always make transparency towards the customer commitment as the clear rejection is always better than the fake promise
In my opinion,bussiness companies has to participate in the society beside another non governmental organizations,
it can contribute in field of health ,orphans,like donation houses preparing meals also in side students camps,helping poor families.
preparing courses for people whome deaf,blindes,etc.
Corporate social responsibility policy would function as a built-in, self-regulating mechanism whereby business would monitor and ensure their adherence to law, ethical standards, and internati onal norms.
CSR is the way in which an organization strikes a balance between economic, social and environmental imperatives on the one hand and the expectations and welfare of the shareholders on the other.
organizations/Corporate responsibility is gaining an increasing significance for businesses worldwide. This creates a need for organizations/companies, of any size, to develop an approach that suits their specific needs and business circumstances.
To assist businesses through the process of developing their own CR codes and practices, ICC has developed9 practical steps, “ICC9 Steps to Responsible Business Conduct”, that are addressed to companies of all sizes including small and medium sized companies (SMEs).
This website provides an interactive environment to easily access the ICC9 steps online. It further provides additional commentary and examples to each step.
The role of business in an open market economy system is to create wealth for shareholders, employees, customers and society at large. No other human activity matches private enterprise in its ability to marshal people, capital and innovation under controlled risk-taking, in order to create meaningful jobs and produce goods and services profitably – profit being essential to long-term business survival and job creation.
While all businesses have an implicit set of inherent values, the number of businesses that have formally written values and principles is rapidly increasing. These principles have become more and more explicit and provide the framework for corporate behaviour beyond their legal obligations. At the same time, growing numbers of companies have been adding environmental and social indicators to their economic and financial results in reports that are often entitled social reports or sustainability reports. Indeed, sustained profits and principles are mutually supportive and an increasing number of companies view corporate responsibility as integral to their systems of governance. This is part of the requirements for doing business in today's global economy.
In recent years there has also been substantial growth in the number of principles, guidelines or codes produced for business by governmental and non-governmental organizations. Companies face multiple, and sometimes conflicting, demands to endorse these initiatives. This has led more companies to consider how they should approach corporate responsibility issues and, more specifically, whether they should develop their own business principles and which external codes they should use as reference points.
The main purpose of this document is to make practical suggestions to companies on how to approach corporate responsibility issues. The intention is to help position individual company principles in the existing framework of generic business principles, government codes, new initiatives, and broader societal values. The document's secondary purpose is to explain to those outside business how companies can approach corporate responsibility issues.
There is no single, commonly accepted definition of the concept of " organizations or corporate responsibility", which is also referred to as corporate social responsibility, responsible business conduct, corporate citizenship, voluntary corporate initiatives, etc.
ICC prefers the terms "responsible business conduct" or "voluntary corporate initiatives". However, this document also uses the term corporate responsibility, as this is most frequently used in publications on the subject.
ICC proposes the following definition of corporate responsibility from a business perspective: "the voluntary commitment by business to manage its activities in a responsible way". A growing number of companies approach corporate responsibility as a comprehensive set of values and principles, which are integrated into business operations through management policies and practices and by means of decision-making processes.
Companies that have had experience in developing their own voluntary business principles have found that adopting such principles may:
(legal and political aspects)
(Aspects relating to relations with customers, suppliers and the public)
(Organizational aspects)
(Economic and financial aspects)
