Organizational Behavior Assignment help on : Corporate social and environmental responsibilities are not merely philanthropy, but instead, are strategic business issues
Discussing the social responsibilities for the business usually focuses on ethical as well as economic aspects for an issue. Many times Corporate Philanthropy gets mistaken with corporate social responsibility. However it has to be understood that corporate social and environmental responsibilities are not merely philanthropy, but instead, are strategic business issues. Although corporate philanthropy is regarded as a dimension to the CSR it should not be the sole criteria for discussion when social responsibility of the business is discussed (triplepundit 2012).
Today CSR is divided into three levels, namely:
- Philanthropic
- Basic (Good Citizenship)
- Strategic
For many years it was only philanthropy which was mistaken as CSR which still is prevalent in many countries. The sole reason for that was that it was the most common strategy which businesses utilized for performing better. Moreover some of the basic CSR strategies had been looking as if they were more an act of philanthropy than a strategy. However today the business world is witnessing a drastic change where the focus now is shifting towards basic as well as strategic CSR rather than only the Philanthropic aspects.
Some of the possible strategic moves the business seem to be making are prevention of harm and integrating the societal improvement into the economic value creation. These have turned out to be the key tactics which is redefining their relationships with the society and not a meagre donation policy which companies used to adopt for each year.
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