Since childhood days, most parents try to imbibe some deep thoughts to their kid’s minds. And the kids needs to strive hard so that they can utilize all those education and learning for the betterment of the society. No, only being a good student does not help, one has some social responsibility towards the society and the environment as well.
Most people dream of landing a job in a good corporate house and if they do one then having corporate social responsibility is one thing they must keep in mind.
Now what exactly is CSR? Well, a corporate social responsibility means the corporate companies need to have some sense of responsibility towards the society. This can be easily done in the form of education, health or public rights. A company does not get build up on their own. They do utilize a lot of things from the environment in order to flourish. Hence they do have some responsibilities and they need to repay the environment or the society with its services. This forms the basic part of the social corporate responsibility. In fact, government also has some regulations ensuring that corporate responsibilities of each corporate sector around the world.
Advantages of the Corporate Responsibility for Business
Builds a Positive Identity
When a corporate company takes the first step in the business, then not much people know about the company. It takes some time to build up reputation in the market and that too a positive one. But a positive impact can also come to existence when the company decides to spend a portion of their annual turnover profit on something else like some social causes or education or health. By this, more people become aware of the goodwill of the company and this in turn only contributes to the business of the company.
A Vision That Attracts Customer Loyalty
A company with a social vision is more than enough to attract the customer loyalty. This can ultimately generate some good business to the company. There are some business related statistics which even state that the customers tend to pay more if quality products are provided by the company. They can also contribute towards the growing business and the company can also easily fulfil the corporate responsibilities well. Each and every customer wishes to be associated with a company which serves their customers well and also have social responsibilities.
A Long Term Employee Relationship
A proper corporate company with a CSR program always demands some employee assistance. If a company tries to involve its employees in something which is a noble cause then they would be more than happy to be a part of it. Apart from serving the company they will have a feeling that they are working with some good people. This will help them and give them enough reasons to stay back in the company for a long time.
This is what the social responsibility of business sums up to and one must abide by that throughout their business.