Corporate social responsibility is a management concept adopted by various companies today, to give back to the society, what they have received from them. The big conglomerates view this as an opportunity to aid the society with the benefits they have earned. However, in reality, corporate social responsibility or CSR has a different tone. Today, corporates have to be responsible towards their surroundings for their own good. With growing environmental concerns and more and more groups supporting various environmental causes, corporates can no longer be lax in their attitude towards others.
Being socially responsible also has several benefits for every company. Until now, most companies believed that CSR is just a thing to do for tax benefits and to muffle the voices of those who raise it against certain corporate practices. However, going beyond these myopic point of views, companies have now realized how a few simple acts of kindness can benefit them in more ways than one. Let us take a look at why corporate social responsibility is important to every business.