Writing Assignment help on : Social and environmental sustainability at the strategic levels
Why should business be concerned about social and environmental sustainability at the strategic levels?
Adhering by stringent norms and ensuring the maintenance of Corporate Social and Environment Responsibility by the organizations brings in numerous potential benefits for the businesses around the globe. The nature and the benefits which organizations have are directly proportional to the nature and scale of the business operations. Some of the benefits have been discussed below: (Business that Cares 2012)
Individual Benefits
- Human resources: Strategically a CSR program can be a major contributor for aiding recruitment and retention especially inside the competitive graduate student market. Usually while interviews are conducted the potential candidates are eager to know more about the CSR policies within the organizations. A comprehensive policy could work as an advantage for the organization that would improve the perception of the company among the staff members. Some of the latest trends have been the payroll giving or the fund raising activities which encourages the customer orientation among the frontline employees.
- Contribute towards Risk Management: Managerial risks are regarded as the central part of the corporate strategies. The reputation which a firm develops over decades can easily be ruined in a couple of hours by incidents like scandals, corruptions or environmental accidents. Usually these scenarios tend to attract unwanted attention from courts, media, governments, and the regulators. With the genuine culture for carrying out things to do work in the desired manner could well be the best strategies for the corporations to offset any of these risks.
- Helps in Brand Differentiation: Be it any market, any industry or any country markets have become highly competitive where companies are striving with every effort to sell something unique and create their brand identity. CSR would highly contribute in building customer loyalty based on the distinctive ethical values a business follows.
- Obtaining licenses to operate: Almost every organization seems to avoid the interferences within the business through the regulations and taxations. With substantive voluntary steps organizations can persuade the governments as well as the public at large that they take care of health and safety issues, environmental issues, diversity for being a good corporate citizen for respecting the labour standards as well as the impacts they were making to the environment.
- Environmental and society: CSR is basically the entire effort to manage the business in a way to produce an overall positive impact to the society. This is the reason why they ensure that interests of the society is never compromised by taking the responsibility for any impacts that occur to the customers, suppliers, shareholders, employees, and the communities. One of the other elements which are largely taken care of by the companies while practicing CSR is the environment while integrating ethical concerns in all its processes and activities.
Societal Benefits
- Environmental and society: CSR is basically the entire effort to manage the business in a way to produce an overall positive impact to the society. This is the reason why they ensure that interests of the society is never compromised by taking the responsibility for any impacts that occur to the customers, suppliers, shareholders, employees, and the communities. One of the other elements which are largely taken care of by the companies while practicing CSR is the environment while integrating ethical concerns in all its processes and activities.
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