Daily Social Responsibility in Action Assignment

Daily Social Responsibility in Action - Assignment Example The involved actions in social responsibility may not necessarily remedy the actual effects on the society but aim achieving an overall social benefit. Organizations also engage in social responsibility in order to meet interest of people who influence the organization’s existence and operations. Partnerships and other contracts may for example be tied to terms for corporate social responsibility and this forces organization to honor their obligations to the stakeholders (Grossling, 2011). Another reason for organization’s participation in social responsibility is that the role averts pressure that would have built against the organization’s interest such as crimes into vandalism of assets (Visser, Matten, Pohl and Tolhurst, 2010). Organizations derive diversified benefits from their participation in social responsibility. Such benefits include reduced costs due to recycled resources, innovation into new products, motivated staff and a safer environment. The organization’s employees however benefit from â€Å"environmental awareness,† and â€Å"improved staff morale† towards higher output levels (Frank and Neergaard, 2012, p. 86). My experience with a company that involved in corporate social responsibility involves witnessing academic sponsorship by a commercial bank to needy students. The bank’s partners initiated this role and it improved customer’s loyalty to the bank, especially people from the beneficiary