THE PRINCIPLES OF CSR

Principle of (CSR)

More organizations are becoming engaged doing their business with an associated purpose

The Prominence of CSR

Corporation are economic institution run for profit

Poor Business Behavior Towards Customers

“customers" one of the lifelines os a business.The main issue that customers of them face is bad service

Treating Employee unfairly

Discrimination is one of the work place issues that are still in the scope of csr Treating someone unfairly with an organization

Ignoring the environment and Consequences of organizational Action

More business Organization in the Philippines are expecting concern over the sustainability of the environmental

1. Economic Sustainability

2. Environmental Sustainability

3. Social Sustainability

The Pillars of Sustainability

Sustainability

Is concerned with the affect of which an action taken in the present can be “sustained” utilize in the future

Accountability

The organization of an practice that for every decision to implemented corresponding “responsibility” external and internal environment

1. Responsibility

2. Answerability

3. Trustworthiness

4. Liability

Four Pillars of Accountability

Responsibility

Duty that bonds to the course of action

Answerability

Being called to account

Trustworthiness

A trait of being worthy of trust of confidence

Liability

Being legally bond to debt or obligation

Transparency

Is a individual being honest with himself refers to the company’s ability to report all the pertinent facts about the business operations

Allocative Efficiency

Or the state of the economy

Dynamic efficiency

Situation where the firms can be respond market condition and innovation