Topic > Corporate Social Responsibility - 1916

Business organizations regularly encounter demands from various stakeholder groups in carrying out their daily activities. These requests come from employees, customers, suppliers, community groups, governments and shareholders. Therefore, according to Goodpaster, any person or group of people who can shape or can be shaped by the achievement of an organization's goals is considered a stakeholder. Most business organizations recognize and understand their responsibilities to these groups and strive to honor and accommodate them. These responsibilities are often communicated to the public through a statement of principles or beliefs. For many business organizations, corporate social responsibility (CSR) has become an essential and integral part of their business. Therefore, this article discusses the two views of CSR: the classical view and the stakeholder view. Furthermore, I believe that the stakeholder perspective has brought ethical concerns to the forefront of businesses, and it will be argued that businesses would improve both socially and economically if CSR, guided by the love of God, was integrated into their strategic planning . The classical view of CSR is a prominent ideology according to which business organizations are viewed simply as profit-oriented organizations. Simply put, companies work with the sole purpose of making a profit. Therefore, this profit motivation is the sufficient and unique social identifier that separates a business organization from other institutions in society. These business organizations have a limited but essential role in society. Social concerns are considered important, but businesses, in the classical view, focus exclusively on economic activities and are judged accordingly. Having a limited role in society (i.e.,...... middle of paper... is concerned with being at the forefront of businesses. In this article I have suggested that businesses can improve both socially and economically by incorporating and integrating a CSR program, guided by the love of God, into their strategic planning. Strategic CSR planning creates a mutually beneficial relationship between a community and a business organization. The community wins by having a company that is responsive to their needs to their concerns. and the company wins by developing a competitive advantage in the market that leads to long-term profitability A company must incorporate the love of God into the development of CSR policies to maintain the trust and integrity of the relationship with the community with solid strategic planning coupled with CSR, businesses can set the direction that provides the greatest benefit to themselves and communities.