Business and social development

India
April 5, 2009 11:46am CST
Earlier it was a belief that business and social development cannot go side by side. Presently, companies are expected to invest in corporate social responsibility(CSR). Do company have a vested interest in it? What do you say?
1 person likes this
13 responses
@kayens (19)
• India
5 Apr 09
Of course,the concept of corporate social responsibility developed out of increased social awareness in society as a result of research in behavioural sciences, yet the vested interest of companies in getting social acceptability has also contributed to it not in a small measure. This is particularly true in case of businesses which draw widely its requirements from surroundings or woking of which affects the society considerably.
• India
7 Apr 09
I think whichever company is investing in CSR has to sell their products in the market and with that intention only they are investing to gain market share. What's your view?
@ag_sekar (112)
• India
5 Apr 09
Companies should invest in social development. Some companies do this without much fanfare. TATA group is the best example
• India
7 Apr 09
I totally agree with yot thatTata group of companies are investing in CSR. But would it invest in the name of social responsibility if it would not get anything in return. By investing the Tatas are creating market reputation for itself which is gonna boost their market. What do you say?
• Philippines
15 Sep 10
Yes, Company should have vested their interest on being socially responsible. It is their responsible as a company to help our environment and not only our environment but people who needs help. Actually it can go side by side as long as the company will help each other build their corporate responsibility to gain more customers.
14 Sep 10
A business that promotes social development is possible. It is also an investment on the business to promote corporate social responsibility. A lot of goods have been processed thru recycling and are being sold in the market like the car you are driving, cans of soda, bottled drinks... For some companies, they find it even cheaper to recycle than to produce with a new set of resources. It is actually a good thing because the wastage of resouces is set to minimal and at the same time helping the environment in the reduction of waste and garbage.
@chinne (22)
• Philippines
15 Sep 10
I think, some of them do, but some of them don't. The reason why other businesses do not stick from their CSR is because they really want higher profit. They do not think of their people and their environment. Some of them really do in a sense that those businesses really think of the people around them. Sometimes, seeing other people happy make other businessmen happy too, because it's their interest.
14 Sep 10
Business and social development can go side by side . With the development of society, business can expand and invest in more wide field of the business. The soviety creats more profit for the company. The company will return the society with investing in CSR. The customres are more aware of the CSR of the company when they purchase. Actually, the CSR could help company earn a great profit!
@akn1961 (1034)
• India
9 Sep 10
any business with social development will grow like any thing ,its goodwill will increase ultimately sale and profit,thanks for sharing.
• Philippines
9 Sep 10
Companies really need to be connected with CSR. It is indeed an important factor for the success of a business in the long run. Becoming more aware of the responsibilities they have towards the welfare of the society and not just merely towards their stakeholders and doing some actions in satisfying these responsiblities(towards the society) can be a great help for a company to have a good reputation and most of the time, can give them a bigger market share due to the trust that the people may give them. With these benefits they can have from investing in CSR, we can really never tell the best intentions companies have.
• Philippines
13 Sep 10
Companies must learn their social responsibility so that they can help in the environment it is also important for a business to participate in such activities for them to show that they are concern with the environment.No matter how profitable a business is if they don`t know how to care for the people around them which is usually their customers then there will come a time that this will cause their downfall.
9 Sep 10
Companies now investing in corporate social responsibility(CSR). They are now more aware on the importance of CSR in a business. It can build a good relationship among the business and their customers. It is also a stepping stone for a company to have a good reputation. And it is sometimes required by law.
13 Sep 10
Business in some companies must know ang learn the social responsibilities around their environment.We must know all the happen in our society. They are more social development that they develop in our society in case of businesses.
• Philippines
12 Sep 10
Today their are many companies that are invested on it.They consider the important of CSR in their business because this can also give them a good reputation.For example SM Baguio Supermarket produce their own bags for shopping for the customers not to use the plastics bag.Know also Avon Company produce their bags,their aim is to save the environment...
• Philippines
9 Sep 10
Well companies nowadays invest on social development and social responsibility to encourage people to support thier future plan and demands.. maybe it is one of thier ways to keep thier company productive...