Self-Reflective Journal on Corporate Social Responsibility Essay - 1

Self-Reflective Journal on incorporate Social Responsibility - Essay ExampleThis paper illustrates that a valuable relationship between CSR and well-disposed media was understood through the case of Goldman Sachs where the company gained both in terms of revenue and brand rank through philanthropic contributions. Other companies such as Facebook and Google, which are predominantly online, are using the accessible media channel in order to achieve competitive advantage. The literature review from various other parole reports and news articles also revealed that corporate social responsibility has become one of the crucial elements in the strategical decision-making process of organizations. Media is quickly becoming one of the emergent channels for data. As a result, companies are oft utilizing social media platforms in order to engage with its customers as well as disseminate critical information about their national and international CSR activities. Rising consciousness amon g individuals as well as growing arrive of environmental communities have also concerned the rise of CSR among big firms. However, the reports and articles also revealed that high disparity exists in terms of CSR activities between large and established firms and small and medium-sized companies. The seminar started with the discussion of the burgeoning issues which are hampering the authenticity of social media. wherefore the topic of CSR and its current practices were discussed. The key topics of discussion were internal and external CSR aspects, issues and challenges while implementing CSR strategies through social media channel, the immensity of CSR activities in the global marketplace. Another important issue which was discussed in detail was changing climate conditions and its impact on the global environment.