Paper 3 Essay Example | Topics and Well Written Essays - 1500 words

Paper 3 - Essay Example For instance they are not set legislatively and so the commitment is non-legislative making them voluntary and in doing so they produce results which are self enforcing however they are agreed to basically by one or more organizations and certain bench marks to behavior and standard, they can thus be applied to produce consistent results or outcomes. These qualities are useful because: They have been known to advance and grow public interests, in these way they help in the dissemination of information between the organizations and the public in areas such as production, manufacturing and delivery of goods and services Labor standards, health environment age requirement human rights and overall decency are addressed which help to protect the public. In these ways organizations are stimulated to create operation practices that are more efficient and equally effective that produce minimum negative effects but maximum social economic and environmental results. (HEVIA, 2013, p 2197). If codes are developed openly and also include public participation (like the workers, consumers, NGOs Competitors, public interest groups etc.) they gain more respect and reception increase effectiveness and credibility of both participants and proponents (HAUGAARD & CLEGG, 2012, p103) CSR – this is an obligation by a business towards the society whereby the law alone is not sufficient and in this way an organization is bound by its own internal mechanisms to give to society back, this responsibility could take on various forms and could focus on social, economic or legal responsibilities. Social responsibility helps in reducing negative impacts of the company while also maximizing its positive impact. While addressing the issue of CSR with regards to issues affecting local water supply, corporate bodies have to look at certain areas that have been seen by past experiences like the Coke debacle in Kerala India, which cause anxiety and