Biggest social responsibility issues companies

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In my opinion, the two biggest social responsibility issues companies should be addressing today are inequality and diversity and inclusion. Organizations can address these social issues by adopting a corporate social responsibility (CSR) initiative that focuses on these areas. CSR is the notion that "companies have a social responsibility to take actions and create conditions to help all employees grow, develop, and contribute to company goals regardless of their background" (Noe, 2017, p. 431). Equality means treating everyone the same without discrimination, and providing employees with access to any available resources they may need to succeed. Diversity acknowledges the fact that differences do exist among people, and inclusion is about making people feel safe, welcome, and comfortable despite those differences. Organizations who address these social issues benefit from the competitive advantages. For example, organizations who promote equality and diversity may experience a high level of engagement within their workforce, better decision marking, and improved financial performance (Hundrev, 2021).

Reference no: EM134041793

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