If you are not 100% certain on what exactly CSR entails, herewith
two definitions to broaden your horizon:
- According to the Harvard Kennedy School, “Corporate social responsibility encompasses not only what companies do with their profits, but also how they make them. It goes beyond philanthropy and compliance and addresses how companies manage their economic, social, and environmental impacts, as well as their relationships in all key spheres of influence: the workplace, the marketplace, the supply chain, the community, and the public policy realm”.
- Another excellent definition on CSR done by The Institute of Directors (2002), “CSR is about businesses and other organizations going beyond the legal obligations to manage the impact they have on the environment and society. In particular, this could include how organizations interact with their employees, suppliers, customers and the communities in which they operate, as well as the extent they attempt to protect the environment”.
Recently, I came across a great article that showcased two examples
on how companies directly influenced consumers. The reason for highlighting
this to you is that it serves as a perfect example on how companies are becoming
the rules of the world, bear with me here:
- HubSpot recently announced opening offices in Ireland. For them, the decision was purely to expand the business but on the other hand, new job opportunities was at the forefront of discussion in a country, hundreds of miles away which affected people they have never met.
- Steve Jobs hated flash and therefore none of the Apple products were developed to accommodate flash as a component. Through this tactic, intentionally or not, he has altered the market through his decision to restrict.
You may ask, what is the purpose of your article and what relation
does it have with marketing? Well, think about it, who created content about
the new offices in Ireland and who communicated that flash wasn’t compatible
with any Apple product? The answer: marketing! Therefore, corporate social
responsibility should play a fundamental part in any marketing strategy due to
the fact that being seen as socially responsible could be used as a PR strategy
to help increase revenue.
But, before you go and paint the offices green, it is important to
keep in mind that CSR should focus on areas of direct relevance to your company’s
sphere of operations. CSR is not about pursuing your CEO’s pet interest and ‘saving
the seals’. Although ‘case-related marketing’ and ‘strategic philosophy’ forms
part of an element of CSR, they are not central components of the CSR of your
company. CSR has been implemented to enhance the success of the company because
of its relevance, rather than representing something unconnected to its core
business.
I sincerely hope that you’ve found this article interesting – feel
free to post your comments or thoughts.


