Benefits And Dangers Of Corporate Social Responsibility

What are the benefits and dangers of corporate social responsibility, for employees, management, organisations, society and the environment? Introduction Corporate Social Responsibility (CSR) has become an important part within business as more people are aware of what activities businesses are doing and how they are doing these activities. Corporate Social Responsibility is â€Å"The view that organisations should act ethically, in ways that contribute to economic development, the environment, quality of working life, local communities, and the wider society.† (Huczynski and Buchanan, 2013, p67). This means that businesses are working in an ethic way and attempting to not effect other people. There are advantages and dangers of using CSR such as some people do not believe that it is the role of an organisation to be ethical but the role of governing bodies. (Rady 2011). Employees Employees are people within a business that perform tasks in return for a wage or salary. CSR can be important to employees as it has the possibility to make their jobs easier and more enjoyable. An advantage of CSR for employees is job security because it retains staff as they want to stay in an ethical company rather than one that may not have the same values, therefore enjoy their job less. An example of an organisation that uses CSR to retain staff is Google. Google have varied incentives to retain their staff such as free meals, flexible workplaces and ability to share their ideas. (Meyer, 2015).Show MoreRelatedCorporate Social Responsibility For Employees1473 Words   |  6 Pagesgeneration without compromising the development of future generations. The Corporate Social Responsibilities (CSR) are in a sense the contribution of companies to respect the stakes of the sustainable development. The Corporate Social Responsibilities of companies base on social, environmental and economic concerns. This match the â€Å"triple bottom line† theory: â€Å"People, Planet, Profit†. 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