
Often when you mention the concept of “Social Responsibility”, many business leaders will frown. Sometimes the belief is that it is too expensive to implement with no real quantifiable benefits to the business or simply too difficult and complex to get involved in, many simply believe that in their busy lives they do not have enough time to devote to what are often seen as peripheral and non-essential needs. In the current economic market our worries and focus are rightly on keeping our businesses operational and such concepts as “social responsibility” are often put on the shelf for times when things are better and we feel we have the ability to indulge.
These ideas are actually far from reality. The concepts of “Social responsibility” can actually result in reductions in costs, improvements in efficiency, better performance, increased sales and better and more profitable relationships with business partners and stakeholders and far from being expensive to implement, many initiatives can be relatively simple to introduce, very low cost of even free, simply requiring a change of attitude and procedure.
Building a reputation as a responsible business sets you apart from your competition. Companies often favour suppliers who demonstrate responsible policies, as this can have a positive impact on how they are perceived by customers. Certainly end users are becoming more and more aware of social issues and having and acting on a Corporate Social Policy can be a powerful persuader for many consumers, which in a highly competitive market can often be the edge needed to retain and convert customers.
Reducing waste and emissions and dealing responsibly with energy and water usage, doesn't just help the environment - it saves you money too. It's not difficult to introduce measures to cut utility bills and waste disposal costs and such measures can bring immediate cash benefits
Having a “fair rights” policy in relation to the treatment of employees has been proven to reap many rewards in relation to performance (employees are more motivated and productive), retention of staff (employees stay longer, reducing recruitment, visa and retraining costs) and in recruitment, due to the organisations perceived good reputation. Many people make the mistake that employees are just after money but this has been proven time and time ago to be a false assumption. Numerous studies have shown that working conditions, fair treatment, a motivational and positive environment, opportunities for career growth and personal development as well as respect for the management and organisation are all more important than just money.
There are other benefits:
- Activities such as involvement with the local community and any issues affecting the environment are ideal opportunities to generate positive press coverage.
- Good relationships with local authorities make doing business easier and being known as a responsible organisation help make good relationships much easier to attain.
- Having a Corporate Social Responsibility Policy, can help ensure you comply with regulatory requirements.
- Understanding the wider impact of your business can help you understand your customers better and also help in the development of new products and services.
- Social Responsibility makes the organisation more competitive and reduces the risk of sudden damage to your reputation (and sales). Investors will understand this and be more willing to finance you.
Many markets have already established the important role that Corporate Social Responsibility has in relation to positively affecting their business operations, performance and objectives and in those markets it can be more a case of needing to be seen to get involved, in order to stay in the race. However, in other markets, there is a real opportunity for organisations to be seen as genuine trend setters and develop a reputation, enhanced and strengthened by their socially responsible achievements. In these markets, such socially responsible activities can create a significant level of highly positive PR coverage, as it is seen as new and trend setting and this can be something that positively brands the organisation for many years to come, regardless of the size of the organisation or the market it operates in.
As with any Corporate Policy, success requires commitment from the senior management and the willingness to incorporate Social Policy ideals throughout the business process.
For true Inspiration look at the life of George Cadbury http://en.wikipedia.org/wiki/George_Cadbury
For a few examples of organisation well known for Corporate Social Responsibility:
John Lewis Partnership http://www.johnlewispartnership.co.uk/
Ben & Jerrys Ice Cream http://www.benjerry.com/activism/





