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Csr a Comparative Critique

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Business Coursework
Corporate Social Responsibility:
With reference to your own research, do you think that the ability of a business to act successfully in a socially responsible manner is mainly determined by the products it produces?

1963

Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as that of the local community and society at large. This simply means that a company gives back that which it has taken from the environment, workforce and society. There are many ways by which a company can behave in a socially responsible way, for example: using recycled products, making sure their products are fair trade (fair trade is paying workers with a wage enough for them to have a comfortable life so that they can survive, customers usually do not mind paying extra for these products) or giving donations to charities etc.

“Companies with a defined corporate commitment to ethical principles do better financially than companies that don’t” – DePaul University 1997

A company behaving socially responsible is a relatively new phenomenon, in the past many companies did not care about their staff, economy and environment as long as the business was making profit and expanding, which is still the main objective for many companies today, but through a socially responsible way. The main objective for most companies is to maximize profit as much as possible. This means that the main motive that drives most companies to working hard, is knowing that all their hard work would yield profit, increase in market share, growth etc.

The Body shop
The Body Shop was established on the 26th of March 1976 in Brighton, England and quickly expanded. Right from the start off, the business has always engaged in

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