Corporate and Individual Social Responsibility :: Social Responsibility Essays

Social debt instrument is a moral article of belief of an entity, be it an organisation or unmarried, to act towards betterment of society at large. It is a duty that every firm and individual should perform so as to maintain the balance between the environment and economy. Their actions should lead towards sustainable development so as to safeguard the interests of the coming generations and at the homogeneous time fulfilling the needs of present population. The responsibility can be active, by performing activities that directly advance sociable goals, or passive, by avoiding both engagement in socially harmful act.Individual social responsibility is the responsibility of every individual for his/her actions. It is moral responsibility that everyone should act in such a way that they do not affect lot around them. Every individual should be committed towards upliftment of various social causes. Individual, instead of fiving importance to material means should focus on social welfare of others, Individual social responsibility can only function if individual rise above the self-interest and opt for options which will benefit a large number of people. Every individual can make a small contribution to society be it any form- from saving inhering resources to doing charity.Corporate social responsibility is the commitment by business to discharge ethically and contribute to economic development while improving the fibre of life of workforce and their family as well as the local community. It helps in forming the positive image of the gild. Corporate social responsibility considers the impact of the companys action on society. Many critics of CSR are of viewpoint that it dilutes the chief(a) aim of business and restricts the free market goal of profit maximization. Limits the magnate to compete in a global marketplace. Though critics may be right in their place but CSR gives company a misfortune to address social issues caused by business and allow b usiness to be the part of the solution.