Corporate Social Responsibility Initiatives
A corporation that responds positively towards social issues is considered socially acceptable. There are some corporate social responsibility initiatives which the firm should take in order to get socially responsible. There are five main corporate social responsibility initiatives: Philanthropy, Work/Life programs, Community redevelopment, Acceptance of whistle blowers and Environmental protection.
Philanthropy
The first way is to donate a lot to charities. These include hospitals, colleges and nursing homes. Many institutions rely on charity from corporations to continue their work. Many corporations strive to make sure that their donations are used for the benefit of the end user and the ones who actually need it. The new generation philanthropists desire maximum social impact in return for their donations. These philanthropists study donation plans as any normal business plan. (Dubrin 74-105)
Work/Life Programs
The corporations can also help their own employees by teaching them to balance their work and lives. In this way, the employees live a more satisfied life and become more productive. Organizations take social action by training the employees about time management. There are different programs that help the employees in this aspect but the most popular one remains to be flextime as it has shown considerable improvements in studies. (Dubrin 74-105)
Community Redevelopment
An organization may also invest in redeveloping distraught communities as a part of a social responsibility initiative. This initiative is sometimes considered a part of philanthropy. Organizations invest in building different houses and companies in a distressed community as an attempt to reclaim it. The corporation may also provide job training to the talented individuals of that community and by doing so it may also help the community get rid of crimes that are committed by frustrated youth. (Dubrin 74-105)
Whistle Blowers
These are people who report the wrong doings of an organization to the parties who can take action. A good social initiative would be accept these whistle blowers so that the immoralities are reduced. The whistle blowers must be patient as it takes years to resolve the issues...
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