The social responsibility of business is to increase its profits

The concept of corporate social responsibility means that organizations have moral, ethical, and philanthropic responsibilities in addition to their responsibilities to earn a fair return for investors and comply with the law.

The social responsibility of business is to increase its profits

However there are some great examples of small businesses throughout the World practicing the principle of CSR in a very real, practical way. Stonyfield Yogurt Sustainable Manufacturing The Stonyfield yogurt company decades ago developed out of an organic farm school promoting healthy food, a clean environment and family farms.

Milk from the cows was used by the owners for funding their work in order to make fertilizer-free, pesticide-free yogurt.

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This product was a huge success and became the main focus of the business, which currently purchases ingredient from hundred of different organic farms and is operated on the basis of environmentally friendly principles.

Although Stonyfield does have a unique story, it does demonstrate that it is possible for small businesses to embrace corporate social responsibility and sustainability — practices which support fair working conditions, the environment and other kinds of beneficial social conditions for the individuals and communities that they come into contact with — while strengthening and growing the bottom line at the same time.

Becoming Green as a Small Business A North Carolina-based program for helping medium and small business become more sustainable and greener called Green Plus, states that it works on the basis of a triple bottom line philosophy of sustainability, which means they help to improve the bottom line of a business by focusing on its business, social and environmental practices, which they refer to as the performance, people and planet aspects of a business.

Green Plus as well as other government agencies and organizations refer to a number of different companies that have made the conscious decision and taken the appropriate action towards becoming more sustainable.

Corporate Social Responsibilty: Friedman's View

There is links provided by the U. Small Business Administration regarding some of the businesses. The company goes to restaurants and collects food waste and then brings it to a local area compster.

It adds that sacrifices will not be made to the environment, employment, customer relationships or service for the purposes of earning an extra profit.

Corporate Social Responsibility — Global Issues

Paul, Minnesota-based Bix Produce, sells to universities, hotels and restaurants. According to Green Plus, the increasing need of customers for sustainably raised and locally grown food made it important to Bix to do what it could to meet customers needs, and ensuring that its business served its employees as well through providing them with a really good place to work.

Bix belongs to a national network made up of independent local distributors that help with promoting an initiative called Greener Fields Together. When Kosmea decided to start sourcing their own rose hip oil for their skin care range they decided to look at more than just affordability and ingredient quality.

They also wanted the rosehips to be ethically sourced. After extensive research,Kosmea emplyed the local people of Ledotho in Southern Africa to hand pick wild rosehips in a sustainable way.

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The company gets the benefit of a truely organic rose hip oil, and the people of Lesotho are provided with a sustainable income. Tips for Moving Your Business in the Right Direction Utilize energy-efficient technology, such as Energy-star qualified cooling and heating systems, building products and appliances for cutting air pollution out of power plants.

Drive a fuel efficient car. Cut down your paper usage by recycling paper, using double-sided copying and electronically distributing documents.

Conserve water through installing water-efficient appliances, utilizing faucets that automatically turn off and fixing leaky plumbing, among other measures.Sep 13,  · The first step toward clarity in examining the doc trine of the social responsibility of business is to ask precisely what it implies for whom.

poration's profits and the price of its stock. BRIDGE PAPER™: Company Stakeholder Responsibility: A New Approach to CSR 5 In short, if you take a “creating value for stakeholders” approach to business.

The social responsibility of business is to increase its profits

Corporate Social Responsibility is a bit of a buzz word and some feel that it has been diluted from its original aims, while others are trying to find innovative ways to engage with businesses to be more responsible in their practices.

Many firms’ corporate social responsibility (CSR) efforts are counterproductive, for two reasons: They pit business against society, when the two are actually interdependent.

The social responsibility of business is to increase its profits

May 5, | Corporate Social Responsibility, Environmental Sustainability, Sustainable Investing by Ron Robins, Investing for the Soul It is generally held that corporate social responsibility (CSR) could increase company profits and thus most large companies are actively engaged in it. 3 Corporate Governance and the Rise of Integrating Corporate Social Responsibility Criteria in Executive Compensation: Effectiveness and Implications for Firm Outcomes.

Does Corporate Social Responsibility Increase Profits? | Business Ethics