To what extent is it in the interest of business to engage in Essay

To what extent is it in the interest of business to engage in Corporate Social Responsibility (CSR) - Essay Example The business case for CSR can be considered. Many economists have the view that CSR is not actually the demand of social ones. One of them has the view that it is not socially desired. Milton Friedman mentioned that the only social responsibility of a business is to maximize profits. Before going into the pool of Corporate Social Responsibility, we should be familiar with the term Corporate Social Responsibility, which is abbreviated as CSR. It can be profitable for the businesses and so for businessmen. Corporate Social Responsibility cannot be defined as a specific term. Different researchers and economists gave different definitions to it according to their point of view. Most of the researchers agree that, ‘Corporate Social Responsibility is a process by which, businesses are monitored.’ It has its own standards that are internationally accepted as the rules and regulations through which businesses are monitored. The word ‘responsibility’ describes that it takes the responsibility of concerned companies and appreciates their impact on customers, employees and stakeholders. The history of Corporate Social Responsibility is not as old as business; however, as the business community realised the importance of the Corporate Social Responsibility, the knowledge about the term is continuously increasing. In late 1960s, Corporate Social responsibility appeared as an important pillar in the development of a business. With the emergence of Corporate Social responsibility, different multinational companies (MNCs) started using the term stakeholder. This term was initially used to give explanation of the corporate owners (beyond the shareholders of a company), as a result of an influential book by R. Edward Freeman, Strategic management: a stakeholder approach in 1984 (Freeman, 1984). Corporate Social Responsibility is also accountable for the actions of concerned companies and it answers some questions such

Developing a question (picot) Research Paper Example | Topics and Well Written Essays - 250 words

Developing a question (picot) - Research Paper Example llows: Among the young generation of the modern world (P), the dependency on technology has increased to a high level (I) in comparison to earlier times (C), having both positive and negative impacts on their activities (O) in the times of a rapidly developing world (T). Thus if a research is conducted based on this question, the study would be conducted on the younger generation who forms the target population of the study. The emphasis of the study would be on an understanding of the use of technology in the modern times and comparing the situation with earlier days. The outcomes or consequences would be reflected; the study being based on the time period and development of the technology in the world. The PICOT format gives a clear direction of the research objective and hence enables the researcher to use the appropriate measures that may lead to the desired results or learning through a proper research design and implementation and preparation of report. 1) Rios, L.P. Ye, C & L. Thabane. (2010). Association between framing of the research question using the PICOT format and reporting quality of randomized controlled trials, BMC Medical Research Methodology, 10(11), pp.1-8, Retrieved on September 25, 2011 from: