Corporate Social Responsibility

Corporate social responsibility is a complex concept that captures social, cultural, environmental, and ethical standards of business practice. Does corporate social responsibility seek to encourage the outcome of philanthropy or profit? The purpose of this discussion is to examine the concept of corporate social responsibility and provide practical implications to analyze the motivation of this progressive business strategy.

The concept of corporate social responsibility has been examined within several works of literature. The research provides vital information that supports strategies of corporate motivations toward the adoption of corporate social responsibility practices. Interpreting the ethical measures of such practices denotes the drive toward profit or moral distinctions.

The capacity of social expectations establish beneficial demands that business are able to design programs to meet social expectations while expanded business capital and social conscious motivations. Corporate social responsibility unites profit earning and social services initiatives to design a strategy promoting the social demands and expectations of its consumers, stakeholders and governmental authorities. The scope of corporate social responsibility and philanthropic activities influence acts of human kindness and invokes a spirit of "corporate giving, corporate volunteering, corporate foundations." Philanthropy and corporate social responsibility have a narrow definition however; both are motivated by diverse circumstance and opportunity. The efforts of corporations to become ethically responsible citizens encourage social empowerment and embraces social expectations.

This dialogue investigates a comparable concepts associated with the outcome of corporate social responsibility to highlight the inspiration of business objectives of profit and philanthropic action. A business entity seeks establish a reputation that exudes quality and superior authority within its given industry. Reputation is built upon image, behaviors, and the quality of services and products offered. Ethical standards are vital in the design of appearance and social acceptance. Although, philanthropy is not a requirement of corporate social responsibility, the expectation of society promotes tangible aspects of corporate obligation with charitable contributions.

The scope of corporate social responsibility promotes an innovative paradigm that reveals a business practice that encourages sustainability within a weak economic structure. "As the threat of global climate crisis grows increasingly dire and the nation sinks deeper into an economic slump for which conventional wisdom offers no adequate remedies, more and more Americans are coming to realize that it is time to begin defining, demanding and organizing to build new-economy movement." A for profit and nonprofit business both have common purpose of fulfilling its prescribed mission. Whether the mission is identified as a profit margin or service outcomes, both are directly related to social reaction. The environmental and social aspect of corporate commitment are vital to understanding the complexities of corporate social responsibility and the strategies for which it reveals a motive of human kindness or simply a business advantage of opportunity for capital growth. The relevance of indicating similarities between not for profit and for profit corporation signifies the reality that philanthropy and profit have a comparable motivation for future sustainment of products and or services despite the nature or origin of the business outcome. The shared goal of environmental and social obligations have committed a interest toward innovative technology to conserve and protect the natural resources for human kind while preserving the integrity of business obligation of capital gain and social well-being.

The social challenges of the current economic climate provoke a need for innovative social programs to confront social problems; however the competitive marketplace denotes the trend of corporation strategic management operations that have a different motivation that focuses on profit first. The economic crisis has increased corporate strategies and its integration of charitable contributions within the business operations. "Increased global competition has left corporations with limited dollars for