Rose Ann R.

Epondulan BSBA – 4
Reflection BA – 3

Corporate social responsibility states that businesses should not only look to gain
profit but also benefit people and the environment. This essentially creates the triple
bottom line that every company must strive to meet - profit, people, and the
planet. When a company does business, there are multiple stakeholders involved with
every transaction. From the employees that supply the products or services to the
customers that purchase them, many people are affected by a single company's
operations. And even if they aren't directly involved with the business, they could still be
affected too. The goal for a socially responsible one is to bring as much of a positive
impact to the people as possible. The employees are just as responsible for the success
of a company as the board of directors. Many companies have realized the importance
of treating their employees fairly, and as such have launched CSR programs in line with
this. For example, more and more companies have started to provide healthcare
benefits to their employees. Small businesses can also improve the lives of employees
through simpler means. Improving employees' working conditions can increase
productivity, raise morale, and give them a safer environment to work in. This could be
done by installing fire alarms or purchasing safer equipment and gear for workers to
use. Customers are the final link in the supply chain and are responsible for the majority
of many companies' profits. The companies can improve the living conditions and
provide benefits to customers in various ways. The simplest way would be by improving
the company's products. The product could include more features or come at a lower
price. The companies could benefit the customer by being more accessible. Corporate
social responsibility is a concept that's slowly being integrated into even the biggest of
companies. It aims to benefit both society and the environment while also offering
benefits for the company itself. Whether they're international conglomerates in New
York or small start up across the street, companies could benefit from adopting this
framework.

The corporate governance framework is there to encourage the efficient use of

resources and equally to require accountability for the stewardship of those resources.
This article outlines the relationship between corporate governance and corporate social
responsibility (CSR). It begins by examining the role of corporate governance in creating
value for shareholders. It focuses on the actions of the corporation and the board
toward its shareholders and other stakeholders.
 In Corporate Social Responsibility it reflects to us in a way that it gives on how to
learn about responsibility of a business not in a business industry in our everyday doing.
I learn in Corporate Social Responsibility that you should have to be active in your
responsibility as a business person on how to handle it.

As a college student, Corporate Social Responsibility is to help the corporations

to be in good balance in economic growth. It is a structure that boards and senior
managers rely on to help them manage the company responsibly and according to
sound ethics and accountability. It creates sustainable values and helps companies
achieve their values. Companies also realize long-term benefits, including reducing
risks, attracting new investors and shareholders, and increasing the company’s equity. It
gives the strength in a company to be more active businessman or businesswoman. It
creates a strategy on how to be responsible employer and employees in a company so
that it will not have a negative problems in company. Corporate Social Responsibility is
a responsibility of a company to be more have an strategy and plans to grow in
economic.

Organizations can achieve sustainability by paying careful attention to their

impact on society and the environment. Behaving in a transparent, ethical manner
ensures an approach that helps protect the long-term success of society and the
environment. It takes into the account of stakeholders of a company and applicable laws
and consistent with the behaviour of a person. It Helps the individual and organizations
to have a positive impact on development, customers and society. In business decision-
making is an important to have a decision that everybody in company will agree.