TITLE:
Social Responsibility Practices in Companies: A Theoretical Review
AUTHORS:
Silvia Gonzalez Fernandez, Carlos Guillen Gestoso, Fernando Acabado Romana, José Morais da Silva
KEYWORDS:
Social Responsibility, Companies, Management, Strategy, Impact
JOURNAL NAME:
Open Journal of Business and Management,
Vol.11 No.3,
May
18,
2023
ABSTRACT: The aim of this study is to understand, by a theoretical
point of view, the potential impact of social responsibility practices in the business
companies, taking in consideration several aspects and sundry approaches, by analysing
the main defined strategies and policies. The concept is related with a philosophical
and moral idea of corporate behaviour to the development of legally binding regulations,
cultural and climate organizational characteristics. It is determined that development
must be based on a sustainable economy while aligning these actions with the sustainable
development goals established and at the same time the economic performance of the
companies. For a social responsibility strategy, it is also crucial that the human
resources departments, the commercial and marketing
areas share and expose the actions that have an impact on the society where they
are installed. Works on the establishment of this commitment and identification
with the company through social responsibility policies have highlighted the role
of management and leadership style in facilitating or not these processes.