Corporate Social Responsibility On Business And Consumerism

Steve Pollak says that responsible business â€Å"refers to the practice of conducting business with consideration for ethical, environmental and community goals in addition to being a good employer and attempting to make a profit† (Pollak, 2010). This essay will be discussing what is meant by the term ‘Responsible business’ and what it encompasses. Looking into drivers that affect business and consumerism, they will be explained through looking at how it has developed over time and looking at where it is now in relation to business. Considering the different acts and legislation that the government has put in place, further discussion will continue into how consumerism and government affect business. Estimations about the future of business and consumerism will be discussed in detail. For this essay a broad range of literature and websites have been used to gain relevant facts and information about this topic. Responsible Business is known to cover a range of issues such as Corporate Social Responsibility (CSR), Sustainability, and Corporate Citizenship. Corporate Social Responsibility (CSR) is defined as â€Å"the obligations of business to pursue those policies, to make those decisions or to follow those lines of action which are desirable in terms of the objectives and values of our society† (Bowen, 1953), as quoted by (Smith, 2011). Bowen explains that CSR means businesses taking action towards doing things society wants and needs and accounting for the needs of the people.Show MoreRelatedImpact of Black Friday and Cyber Friday on Our Economy1619 Words   |  7 PagesFriday and Cyber Monday are consumer driven holidays that carry large impacts on both economical and environmental issues. 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