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 ME  Vol.11 No.8 , August 2020
Correlation between Corporate Social Responsibility and Culture
Abstract: The stage at which market relations are now located is due to the need to take into account a number of environmental business factors that are not included in the framework of understanding classical economic theory. Current management needs to create such a relationship with all participants in business processes, in which it would be possible to achieve effective relationships, interactions, interdependencies and communication. All this to some extent implies responsibility. As the responsibility at the simplest levels—the employee before the manager, and at the global—the corporation as a whole before the society. Corporate social responsibility today is one of the ways that an organization influences the processes occurring within its interests. Like the creation, improvement of working conditions and living standards of workers, or their families. It is possible to operate at broader levels relating to the whole of society, or specifically those layers that concern the activity of the enterprise. Social responsibility is not the rule, but rather the unspoken norm for self-respecting and willing to achieve great results of companies. Return on investment for doing corporate social responsibility activity within society cannot be seen in the short term, but in the long term, you will gain brand recognition, awareness and loyalty. That is a huge return.The stage at which market relations are now located is due to the need to take into account a number of environmental business factors that are not included in the framework of understanding classical economic theory. Current management needs to create such a relationship with all participants in business processes, in which it would be possible to achieve effective relationships, interactions, interdependencies and communication. All this to some extent implies responsibility. As the responsibility at the simplest levelsthe employee before the manager, and at the globalthe corporation as a whole before the society. Corporate social responsibility today is one of the ways that an organization influences the processes occurring within its interests. Like the creation, improvement of working conditions and living standards of workers, or their families. It is possible to operate at broader levels relating to the whole of society, or specifically those layers that concern the activity of the enterprise. Social responsibility is not the rule, but rather the unspoken norm for self-respecting and willing to achieve great results of companies. Return on investment for doing corporate social responsibility activity within society cannot be seen in the short term, but in the long term, you will gain brand recognition, awareness and loyalty. That is a huge return.
Cite this paper: Sulaymonov, A. (2020) Correlation between Corporate Social Responsibility and Culture. Modern Economy, 11, 1432-1440. doi: 10.4236/me.2020.118101.
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