Reflection and DQ's Essay Example | Topics and Well Written Essays - 750 words

Reflection and DQ's - Essay Example As such, CSR was described to entail elements which include commitment to serve the best interests of society; yet ensuring that the organization grows through the generation of profits. Without earning financial resources, the organization would not be able to sustain continued operations in producing products or services that would benefit its stakeholders, including the environment and the general public. Finally, the success of CSR also requires consumer social responsibilities to do their part in sustaining and supporting the organization’s commitment to succeed in their field of endeavor. One shares similar contentions that the popularity of applying CSR was considered analogous to a bandwagon paradigm. By merely asserting that the organization adheres to CSR philosophies was already indicative of conformity to ethical, moral, and legal standards. As explained in the video, there are crucial ingredients to consider before CSR could be effectively exemplified. One strongly believes that CSR would only be successful and effective, if and when, the board members or members of the executive team have in-depth understanding of what CSR ideals and philosophies entail. As such, it was commendable to insinuate that the application of CSR goes hand in hand with corporate governance. Thus, organizations should not publicly promote adherence to CSR philosophies without genuine commitment to abiding with ethical standards. There should be a balanced application of business practices that give equal weights to generation of profits vis-Ã  -vis serving the interests of others. The description of CSR accurately attested an exemplary understanding of the relevant lessons presented from the video. The commitment of the organization to look beyond what they offer in terms of products or services that generate profits, to include the ensuring that the effects of these products (or services) generate positive impact to society