Business Owner Weighs in on the Impact of Corporate Social Responsibility (CSR)

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Mark J Herlan says counting on CSR to build your business could have huge drawbacks to your bottom line

Mark J Herlan

Mark J Herlan - Growing Your Business

If we do our part, spend our valuable resources on these types of activities and our competitors aren’t than they will be the ones with the money to focus more on their core business and that would put us at a huge disadvantage.

Recent news changes the mind of Mark J Herlan, Owner of The Examiner. The main role of corporations, as outlined in this article from Ehow.com on CSR, is to create financial gain. Fine tuning your corporate ethos to focus anything other than this can be a risky venture.

“When first asked about Corporate Social Responsibility I thought it was the right thing to do and any company would obviously benefit from this sort of activity,” said Mark J Herlan, Owner of The Examiner, “Now when I think about it, especially after seeing many news articles and studies about it I have great pause to invest my company’s resources in it. If we do our part, spend our valuable resources on these types of activities and our competitors aren’t than they will be the ones with the money to focus more on their core business and that would put us at a huge disadvantage.”

CSR is a noble concept on where the company would take responsibility for its effects not only on the environment but also on social welfare. It is a sort of citizenship for corporations in where the corporations do things that would not provide an immediate financial benefit but promote change that is positive within society and the environment.

The main disadvantage to CSR is that everyone needs to be doing it in order for any sort of equality to exist. If Company A is investing resources into CSR activities while Company B is not then Company B will have an unfair advantage over Company A as it will be able to put more resources towards its core business.

Often, people will confuse CSR with “Paying it Forward” which is more of someone does a favor for someone else and later on down the line they have an opportunity to do a favor for another person and so on and so forth. CSR is an ethical position taken by a company in where they recognize the impact they have and take steps to address this.

About Mark J Herlan:
Mark is the Owner of The Examiner. For years, he has been helping attorneys in the Atlanta, GA area with research. The Examiner provides an attorney with title research, which their client would need to show proof of ownership in a real estate transaction. If you visit http://www.markjherlan.net, you can learn more about Mark J Herlan.

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