write some pages about the Cost Of Corporate Social Responsibility

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Business Finance

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write 4 pages about the Cost Of Corporate Social Responsibility?

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Running head: The Cost of CSR

1

The Cost of CSR
Student’s name:
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The Cost of CSR

2
The Cost of Corporate Social Responsibility

Corporate social responsibility is simply the responsibility or initiatives taken by the
organization to assess its impact on the society and the environment. In other words, CSR is the
extra efforts taken by the company to give back some portion of its benefits to the society. The
initiatives of Corporate Social Responsibility are normally taken by most organizations or
businesses in order to give back some benefits to the society. This improves and reputation of the
organization. All organizations are required to adopt some initiatives of corporate social
responsibility so that the society can also benefit from those initiatives (Gond et al, 2012). The
examples of the Corporate Social Responsibility initiatives, which are commonly adopted by
most organizations, include environmental effort initiative, community economic development
initiative, disaster relief programs, a charitable education and other services etc. Therefore, CSR
initiatives assist Companies to improve their social reputation & eliminate the instances of
reputational risks.
The adoption of the initiatives of the CSR will automatically result in an increment in the
business costs, a reduction in the welfare & destabilization of the market economy. This is
because the organizations incur extra costs in running the CSR programs.
The adoption of the environmental effort initiative involves putting in place an
environmental program by the ...


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