Should companies engage in Corporate Social Responsibility programs Essay

Should companies engage in Corporate Social Responsibility programs Why or why not - Essay Example All the efforts of the companies meant for this purpose meet the merit of bringing up positive results as they reflect on improved concerns for environment and the public as a whole. The essence of CSR is growingly promising as the world market turns rapidly competitive with the inevitability of consideration for global communities in the wake of emergence of multinational companies in corporate business. Whether companies should engage in corporate social responsibility programs is a one-sided debate in which there can possibly be no opposition. In recent years, many CEOs and heads of major corporate business groups identify that ‘a strong CSR program is an inevitable thing’ for achieving effective business leadership (â€Å"Corporate social responsibility..†). However, it is a challenge before many companies to meet the global social responsibilities on par with the struggle for excellence in achieving the traditional goal of economic profit. In this regard, according to a thought of Lawrence and Weber, social responsibility requires companies to balance the benefit to be gained against the costs of achieving those benefits (46). As such, the managers of the organizations are responsible for meeting the desired fields of credit for both the owners of the business and the consumers of the product of the company without letting the firm any decrease in its profitability. From every angle, the stability of a company is guaranteed by the willingness of its employees to offer optimum worth to it. It is also undoubted that they chose to work in a company that claims high regards of social reputation. As Lawrence and Weber point out, social reputation is a major intangible asset that adds to the organization’s wealth (53). With days passing, the thought of business giants changed from merely making profit to being committed to social responsibilities as the majority of world population wanted their basic needs to be attended by the rich. As a result of the