The subject of social responsibility of business Essay

The subject of cordial responsibility of business - Essay ExampleSocial activists debate that engagement of business in tender activities of improvement is clearly moral and civic value and should be carried out without the incentive of either financial gain in mind. Efforts are being made to agree social responsible corporate actions with financial performance.Social responsibility is approached as a continuum with five discrete levels illegal and irresponsible companies, complaint companies, fragmented companies, Strategic and social advocacy. The Author concludes it does pay to be grave alone scarce in limited contexts.Unit of Analysis Businesses, Ultimate Objective To signify the coefficient of correlation of social responsibility and financial performance of businesses, Source of Motivation Socially responsible companies have been in business for long terms now. Businesses with strong cultures depend to have been better off than the businesses with weaker culture.Focus of Attention the condense here(predicate)in has been the evaluation and analysis of the Correlation between social responsibility and financial performance.Based on reading the article, the author has presented various distinct views of groups of individuals, who have in one way or the new(prenominal) tried to prove correlation between social responsibility and financial performance. ... stand that they do not discourage involvements of business in social welfare activities but believe that they should be carried out only if thither are any financial gains in sight. Social Activists views are the fact that they perceive social responsibility is a moral value. The author defines levels of the Social responsibility continuum, used as a model. flipper distinct levels have been brought into our views. Hence the author deducing the following conclusions The companies at level 1 , not useful at all in the long run (illegal), for level 2 (Complaint) companies compliance with legal ma ndates is exactly a necessary condition for existence, for level 3 (Fragmented) companies act responsibly beyond complying with the law, Level 4 (Strategic) is the strongest link between the CSR and financial performance, at level 5 ( social advocacy ) is on social change rather than on profits . Furthermore at least two types of HR activities seem to be important contributors to profits. According to the author the short answer to this is that Yes it does pay to be good but under limited constraints. One other very vital issue to be noted here is that there is no evidence that companies who engage in social welfare or development without any financial gains in return face any negativity in profits. Like Wise there seems to be no evidence that suggests that businesses who do not engage in any activity other than making profits or increasing shareholders value are in any financial gains.