Social Responsibility in Business Research Paper

Social Responsibility in Business - Research Paper Example Generally, a company that takes corporate social responsibility is profitable, and the overall benefits of doing it overweight that of the disadvantages. The key notion in corporate social responsibility is being responsible when it comes to the society a company operates within. Nowadays, human civilization faces multidimensional problems that are impossible to ignore by communities and governments. There is a growing concern in the society of a great number of burning issues that are global in scope. Environmental problems, such as climate change and air pollution, and social issues, such as poverty and soaring level of unemployment, have become persistent trends all over the world. That is why customers tend to pay more to the companies that share these concerns and display a forward-thinking mindset. Today more and more companies are engaging in corporate social responsibility by creating or participating in initiatives that are good to the society and benefit communities (Aramian, 2009). The awareness of social and environmental problems is constantly growing among the people. Both national and local governments all over the globe tend to defer to public demands and push through stricter environmental and social standards, which is another reason why engaging in corporate social responsibility has become increasingly beneficial for companies. The policy of companies that implies consistent and effective self-regulation ensuring compliance with ethical standards and requirements of law is advantageous in many ways. But one of the main reasons for implementation of self-discipline practices and use of corporate social responsibility strategy is that it might help companies avoid unnecessary government intervention in business. For instance, the issue of environmental pollution is a brilliant illustration for this thesis. In order to avoid government intervention, an