It is important for any organization, profit or non-profit, to develop ethical programs as they not only help business owners and managers make profit through improved business performance, they also help organizations contribute to the economic progress of a community through meeting the social expectations of the stakeholders. One such key ethical program that should be implemented by organizations is the Corporate Social Responsibility (CSR). This program helps organizations give back to the community through establishing social programs that seek to support members of the community (Aguilar, 1994).
Whether an organization is profit or non-profit, small- scale or large-scale, it has the social responsibility of supporting the community regardless of the community’s impact on its operations. Some of the programs that an organization could come up with in its CSR include donations of learning materials to a local learning institution, being a partner to an orphanage, supporting widows and orphans or awarding scholarships to bright but financially challenged students. One reason I strongly advocate for this type of ethical program is because I believe, first off, organizations need to appreciate the society’s accommodation of them. Any organization definitely needs a location to put up its offices or branches. Hence the need to move into a locality. And as such they pose some inconveniences to the individuals living in the said community, either through the waste emitted in the case of factories and stations, or simply the space they acquire. The community therefore deserves a compensation.
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And while most organizations create employment for the local individuals through direct or indirect hiring of their services, this doesn’t qualify for a CSR program for the fact that the organization benefits from the trade. CSR has to be a non-profitable giving back program. How does an organization benefit from a CSR then? The program helps build the organization’s reputation which indirectly serves as a marketing strategy.
Reference
Aguilar, F. (1994). Managing corporate ethics: learning from America's ethical companies how to supercharge business performance. Choice Reviews Online , 32 (02), 32-1029-32-1029. http://dx.doi.org/10.5860/choice.32-1029
