Corporate social responsibility Essay Example | Topics and Well Written Essays - 4500 words

Corporate social responsibility - Essay ExampleSome theorists as well as practitioners decipher CSR as a form of corporate compliance with the spirit and the letter of the law or, as a business approach that takes into account the manner in which the organizations activities impacts upon its different stakeholders (Nehme & Wee, 2008129). Pursuant to its legal mandate, CSR is seen as a condition where the corporation acts as a free agent of the state, to the extent that the denotative social objectives are imposed on the corporation by law (Manne & Wallich, 1972, p. 40).On the other hand, more than just compliance with legal mandate, CSR is also cerebration to pertain to the corporations efforts above and beyond regulatory requisites, in effect finding an equilibrium between the needs of stakeholders on one hand, and those of fashioning a profit for the investors in the other (Nehme & Wee, 2008132). CSR is a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis (European Commission, in Nehme & Wee, 2008131).CSR, from a market viewpoint, has been identified as a source of competitive advantage, as the company explores ways of approaching and savory with their stakeholders (Corporation and Market Advisory Committee, 2006). CSR is the result, implicit or explicit, of the nature of a firm, its role in society, and its relationships with its internal and external stakeholders (Argandoa and Hoivik, 2009, p. 229).The same activities, it is observed, may be undertaken any(prenominal) theory is adopted, as even community-focused activities may actually be undertaken in the service of corporate interests a form of market development effort. Nevertheless, embarking on these activities which do not directly comprise the companys main business operations are taken to be external manifestations of the companys CSR program. forever since the advent of