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Corporate social responsibility



Hello readers, I hope you are all good. In this age, a lot of  companies exercise corporate social responsibilities.  Today, I will discussing  the four components of Carroll's pyramid of corporate social responsibility. This components include the economic, legal, ethical and philanthropic responsibilities 

Economic is the first responsibility to  be fulfilled by a company, which is profit making. A company that does not fulfill this need will not last for long. Thus, a company would last long and benefit the society as long as the company makes profit.

Legal is the second responsibility. Companies must abide to the law of its country as well as the rules and regulations that is related to the types of business the company is into. Adhering to this will prevent companies from facing legal issues A company could be shut for breaking laws. License-holders could lose their license for breaking rules and regulations. 

Ethical is the third responsibility. This encourages companies to carry out good activities without it being required by law. It is expected by the society. For example recycling waste products of the company.

Philanthropic is the last responsibility which includes giving out charity to the less privilege people, building schools and donating them to the government. Providing water facilities in communities that lacks them. Allah (SWT which means Glorious and Exalted is He) loves charity and He would multiply it for you "Who is he who will offer God a generous loan, so He will multiply it for him manifold? God receives and amplifies, and to Him you will be returned." Quran 2:245

Make sure your business is halal. Everything should be done seeking the pleasure of Allah. Part of seeking the pleasure means hoping for a reward from Him in this life and the Hereafter. Everything happens according to the will of Allah (you have freewill, therefore, you are responsible for your actions).

Halal means anything lawful Islamically.

Alhamdulillah (Praise be to Allah). May Allah send peace and blessings to Prophet Muhammed (P.B.U.H). Thank you for reading this article. Like this page on facebook. Keep reading this blog regularly. Cheers!

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