Organizational Purpose:
Organizational purpose defines the presence and sense of identity
of an organization. It indicates a firm’s goals, objectives and accomplishments
with the mission and vision statement. It is also the foundation upon which a business is built on. Every
business must have organizational purpose for the following reasons:
· It is organizational comprehension
of self knowledge and shared understanding of what it stands for and where it
is going.
· It helps to choose what to include
and what not to include in your business.
· It helps to how to be different from
competitors.
· It keeps the company on track
regarding its mission and vision statement.
· Everyone will be clear about their
company once they are clear about the organizational purpose.
Providing a local example of CSR, Mr. Min Bahadur Gurung, founder of Bhat Bhateni supermarket has created employment opportunities to the families of political martyrs and indigenous people. Likewise, he has made contributions in the field of hospitals and temples. The customers have direct and positive impact on him and his supermarkets. Thus, this is a good example of direct relationship between responsibility and profitability.
References:
Enterprise and Industry, Corporate Social Responsibility [Online] Available at http://ec.europa.eu/enterprise/policies/sustainable-business/corporate-social-responsibility/index_en.htm (accessed on 5/1/13)
Investopedia, Corporate Social Responsibility [Online] Available at http://www.investopedia.com/terms/c/corp-social-responsibility.asp (accessed on 5/1/13)
Corporate
Social Responsibility:
“Should have in place a process to
integrate social, environmental, ethical human rights and
consumer concerns into their business operations and core strategy in
close collaboration with their stakeholders” (ec.europa.eu)
Corporate
Social Responsibility refers to the responsibilities of a business firm towards
its stakeholders, customers, suppliers, employees, the external environment in
which it operates in and the natural environment as well. It is also defined as
“corporate citizens” that may involve any profit for the firm but instead helps
to encourage positive environmental and social changes.
Alone
with the intention to earn the profit, every firm must be aware of their
responsibilities towards their stakeholders. Companies
must focus in how to earn their profit and make the shareholders satisfies.
However, simply to earn profit, they must not do any harm towards their
stakeholders like the employees and the environment. One must not ruin the
image of their company by being irresponsible and once it has happened, then
the chances of earning profit will ultimately vanish.
Similarly, with the
increasing number of environmentalist and human activists, the CSR for every
companies have increased, one must not take it as a burden but consider is as
one of the best way to keep the stakeholders happy and earn profit as brand
image can be earned by humanity.
Providing a local example of CSR, Mr. Min Bahadur Gurung, founder of Bhat Bhateni supermarket has created employment opportunities to the families of political martyrs and indigenous people. Likewise, he has made contributions in the field of hospitals and temples. The customers have direct and positive impact on him and his supermarkets. Thus, this is a good example of direct relationship between responsibility and profitability.
References:
Enterprise and Industry, Corporate Social Responsibility [Online] Available at http://ec.europa.eu/enterprise/policies/sustainable-business/corporate-social-responsibility/index_en.htm (accessed on 5/1/13)
Investopedia, Corporate Social Responsibility [Online] Available at http://www.investopedia.com/terms/c/corp-social-responsibility.asp (accessed on 5/1/13)
