Corporate Social responsibility is implemented and employed differently by different companies. Though this concept is the same the strategies that are used for implementing this are different and a different one is adopted by different companies for their success and growth. The initial few years of the emergence of this concept saw a lot of creativity and innovation for it was new to the system. At the same time, it also helped in bringing a lot of changes and progress in the developments of the various businesses that had appointed the same for addressing the social issues.
It is believed that this concept was first used in the companies in Britain and is known to be the pioneer but Britain was slowly followed by even the other countries. The first thing that was identified in each country was the specific industry type that had to concentrate on what issues had to be tackled and also the ones that had to be eradicated from the society. Slowly this started bringing in a new image and description about the companies and their services and in no time they started making progress in terms of both business and profits.
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Impact on profits
Any business establishes itself in the market mainly to earn profits and when this happened by implementing the CSR concept, why would there be any company not following this. A company that tries to follow the ideology of CSR would be able to deliver the best products to the customers. All the processes followed by them would be very safe and the concern they have in safeguarding the natural balance and greenery is actually an additional advantage in getting their services. So in all ways, they would emerge to be the best at the same time they would also be able to offer the best to their customers impressing and attracting them with their nature of work.
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It is for this reason that the companies try to embrace the concept of CSR in their business operations and it is this that has led to the integration of CSR into every business model. This is not something specific to any particular type of business and hence is followed by all for not only their benefit but also for the benefit of its customers and nature. So with this, it is clear that the need for CSR for a company that wants to serve its customers as well as nature has become necessary these days.