Disadvantage of Corporate Social Responsibilities (CSR)
You might be asked to write an essay, research paper or thesis on corporate social responsibilities. But for that, you have to get a clear understanding of the advantages and disadvantages of corporate social responsibility (CSR). Students Assignment Help professionals have given a good account of the disadvantages of corporate social responsibility here for free of cost. You can write different types of essays on the mentioned topic easily by understanding these facts clearly. When you have a good understanding of the topic you will find no issue in writing any kind of essay whether your professors have asked you to consider it as a persuasive essay topic or any other essay type. Just make an outline of an essay and complete your essay by beginning with a good essay hook.
What is corporate social responsibility (CSR)?
The corporate social responsibility is a kind of liability on the corporate to preserve the environment and give maximum benefits to society. The actions and plans of the corporate should be driven in such a way that no harm is made to the environment by companies. At the same time companies have to give venture on their plans by understanding the benefits of societies. In some countries of the world, this corporate social responsibility is legal and falls under the law while others are just expecting the corporate to involve in it for their business ethics.
Why corporate are asked to play a social responsibility?
The main reason behind forcing the corporate to play a good social responsibility is to stop them from committing any harm to the environment. At the same time, most of the corporate companies do not bother about the society and manufacture products that can harm the people. For example, a company involved in the manufacturing of food product do not bother to add harmful preservatives to keep the stuff fresh for a long time. So such malpractices can be put to an end with the help of corporate social responsibility very easily
Major disadvantages of corporate social responsibility
Apart from the benefits of corporate social responsibility to the society and environment, it put a lot of pressure on the corporate. Sometimes they even undergo financial crises as a big part of the profit goes out in the social responsibilities. Here are few facts cited below regarding the corporate social responsibility that can help you to understand the problems of corporate while playing corporate responsibility.
- Big dent on the treasure of corporate
It is not that easy to cope up with the plans of environment protection while running a petrochemical industry. New technology and equipment are required to minimize the effects of chemicals on the environment. At the same time when companies have to play a significant role for society they cannot sell adulated and chemical stuff preservative goods to customers. As a result of which lot of harm is experienced by the business on financial grounds.
- A reduction in professionalism due to delay in projects completion
There is an old saying that when we try to ride on two boats simultaneously it is sure that we are going to sink. Similar is the case experienced by the corporate when they are playing their social responsibility and at the same time focus on business plants. In managing the two aspects sometimes there occurs a delay in the completion of business projects on deadline. As a result of which the poor reputation is established among the clients in the business market. This is another big disadvantage of corporate social responsibility on the businessmen.
- Lowering in the profit of the corporate
When a business loses its sheen in the market owing to the unprofessional behavior and failure to meet the deadlines, it gets hard to fetch a project. As a consequence of the earning of the profit for the company gets compromised. Most of the businessmen who are running startup companies are very much affected by the corporate social responsibility and financial crises or bankruptcy is very common to these corporations. It is very important to maintain a balance between social responsibility and business to grow smoothly in the business market. Those who fail to do so have to kiss the dust eventually.
- Internal upheavals among human resources of the corporate
When you will exert an extra pressure on the employees of your company to handle both business work and social responsibility they will get disgusted. An internal cold war can also arise on a daily basis between the employees which eventually destroy the peace of the workplace. In such place, it is very hard to execute the business plants normally. That is why it should be kept in mind that whatever is the situation you have to keep the internal stability intact in all cases. That is how you can save your business from getting crumbled
- Waste of time in arranging a meeting to execute plans for social responsibility
It is a very important thing to note down that a lot of time gets destroyed in making the plans and strategies for their execution for social responsibility. As a result of which it gets problematic to focus on the business which is slipping rapidly from the hands of businessmen. The businessmen whose main motive is to maximize their profit cannot afford to devote such a big time in doing social work and thus experience a bent in their business. Also, the plants and policies need to be discussed with the shareholders and against wastage of time in conducting conferences every other day
- A feeling of disgust among the financers and shareholders of the corporate
When a business is not earning any kind of profit it becomes very disappointing for those who have invested money in the given business. For example, shareholders start showing their feeling of disgust towards the businessmen owing to the poor profit. In some cases, even shareholders withdraw their investment share from the company to get a partnership in the rival businessmen. Thus a big slap on the business and financial crises is experienced by the businessmen.
These are some of the disadvantages of corporate social responsibility. Most of the graduates are asked to write essays and research papers on corporate responsibility but fail to grab the concept. That is why help in writing essay assignments on the above topic is given by the Students Assignment Help. If you do not have any idea about how to write an essay or research paper for college on corporate responsibility then research paper writing help services are also offered to the students by professional helpers. More you can easily find the best quality free essay on corporate social responsibility on StudentsAssignmentHelp.com. Even when the deadline of your essay and research paper is near you can place your order for emergency essay writing help on StudentsAssignmentHelp.com.