Saturday 26 October 2013

Corporate Social Responsibility In The Market Place

                   Corporate Social Responsibility is a form of corporate self-regulation integrated into a business model.   CSR policy functions as a built-in, self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. This term generally applies to company efforts that go beyond what may be required by regulators or environmental protection groups. Littlewonder, its been referred to as Corporate Conscience.    

The Market place,though,underated is a very important part of the Business society. Corporate Institutions could fufill their CSR's in the Workplace,Community,Environment;but when it gets to The Market Place,its like its non-existent. I think Nigeria should pass the era of just maximising profit.  How much VALUE do your goods and services create to The Market Place?;In what way do you support suppliers to grow their businesses?;Do you seek to operate in a mutual beneficial way with suppliers? It is not all about building schools,hospitals,or roads;neither is it all about your employees for the fear of the wrath of certain unions. Your CSR's is to all which your institutions have Impact on.The Market Place needs you to fufill your CSR's!!!!!!.

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