Some people believe that corporations have a responsibility to promote the well being of the societies and environments in which they operate Others believe that the only responsibility of corporations provided they operate within the law is to make as mu

Business and society are not two distinct quantity. They are highly correlated. No business can survive with out the active cooperation of the society. It is true that the cooperation should make profit but it can be achieved with a responsibility to promote well-being of the societies also. So in my opinion if any corporation want to give back something to the society it will not decrease their profit but actually it will ensure the sustainability of the corporation.

Corporate social responsibility comes into picture when corporation actively tries to promote the well being of the society. The concept of social responsibility is relatively new but many giant corporation followed it. There are two ways of benefit from it. One is that when the corporation agreed to follow the social responsibility then their tax margin is somewhat lowered. It is because the corporation are doing the same job as the tax money does. On the other hand their help to society will repay back in their long term run.

Take some example of corporate social responsibility to understand clearly. Giant shoe making corporation BATA hired many unskilled labor at their adjoin places of factory. Train and make them skilled worker. In this way the social and economic condition of the adjoin area of that factory is changed. The society get benefited as the lifestyle of some underprivileged people is lifted up and the corporation get profited as they get some cheap skilled worker .

The repay back to the society may effect little region or it may effect a large part of the society. For example Darjeeling Tea was previously packed in paper container. But it may be packed in jute bag also. Now the management of that corporation decided that instead of paper they should use jute bag for packing of Tea. The jute industry before that was seriously endangered. But after that use of jute is increased . The jute industry which was previously about to close regain its profit again. So in this way the Tea corporation commit a social responsibility.

In conclusion society and business all are interconnected. When a society is able to buy then only the giant corporation able to make profit. So it is the responsibility to the society that they should take care of the society for their own sake. Profit should be a goal but it can be achieved with social responsibility also. It has also been seen that when any corporation is commit their social responsibility they can sustain in long run.