Corporate Social Responsibility (Csr) Necessary For Companies

824 words, 4 pages

Intro Sample...


CSR or Corporate Social Responsibility is a form of corporate self-regulation integrated into a business through the three P’s: profit, planet, and people. There are many arguments that are for and against Corporate Social Responsibility (CSR). Though the arguments go back and forth, CSR is ultimately very necessary for a corporation for it helps in the realm of marketing, PR and government regulation.
Many believe that CSR can help the overall image and management of a company. Through positive PR, those in favor of CSR see it as a win-win. Through it companies can help build the communities around them as to have a positive consumer base that is more willing to buy products from the company or accept... View More »

Body Sample...

The company has also had a positive impact on the environment in that it 58% of the electricity used in its stores are from renewable energy sources in addition to reducing their water usage by 22%. Still this hasn’t helped their profitability because over the past 4 years, their CSR policies have not really changed, while their profits have. In 2008 Starbuck’s shares declined nearly 50%, due to overexpansion, and consumer unwillingness to pay so much for coffee, not CSR. However, recently the company has seen a complete turn around and an increase in stock price by almost 500% since 2008. Its CSR policies are still similar to that of 2008, which means the its CSR has not really effected the profitability of the company. Instead it came down to consumer demand, and the slowing down of company expansion.
Overall corporate social responsibility is viewed with great skepticism. Some see it is absolutely necessary, while others see it as a waste of time and money. Still, when it comes down to it CSR is necessary because it helps to put a company at a competitive advantage against other companies, it provides positive PR, and helps to market/sell a company’s products.

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