The Concept of Corporate Social Responsibility.

I will pay for the following article The Concept of Corporate Social Responsibility. The work is to be 8 pages with three to five sources, with in-text citations and a reference page. Thus, Slack et al (2010) posit to the effect that, “Corporate social responsibility (CRS) is about how business takes account of its economic, social and environmental impacts in the way it operates maximizing the benefits and minimizing the downsides. It is the voluntary actions that business can take, over and above compliance with minimum legal requirements, to address both its own competitive interests and the interests of wider society.”

In view of the above statement as well as the economic value of the tourist, this essay seeks to critically evaluate the significance of the concept of CSR with regards to business in the tourism industry. The essay begins by explaining the meaning of the concept of CSR so as to gain a better understanding of how it can positively influence business in the tourism industry. The essay will also evaluate the nature of the tourism industry in order to show a link with the concept of CSR.

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According to Strydom (2004 p.11), “Social responsibility is the concept that maintains that businesses are part of the larger society in which they exist and are accountable to the society for their operations.” In other words, there is a need for organizations to strike a fine balance between the needs and interests of customers, the needs of the environment and the need for businesses to realize their financial goals. This goes hand in hand with the concept of ethics, which is loosely defined as an attempt to differentiate between something good from bad as far as human behavior is concerned and special attention is given to issues of morality and professional conduct in business (Schultz 2003). In any given organization, honesty and integrity should be seen as guiding principles. The tourism companies should, therefore, put measures in place that are meant to ensure that they do something good that does not violate the cultural values of the people living in the areas they will be operating&nbsp.in.

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